The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global HP (high potency) APIs market is expected to grow from $24.53 billion in 2022 to $26.65 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The high potency APIs market is expected to grow from $36.14 billion in 2027 at a CAGR of 7.9%.

North America held the largest HP (high potency) APIs market share, and Middle East was the fastest-growing region in 2022.

HP (High Potency) APIs Market Driver
The rising number of cancer cases, together with increased cancer medicine sales, fueled the expansion of the high potency APIs industry. The rising cancer incidence is driving increased R&D into anticancer medications, which is driving the market for high potency APIs. The cancer burden is anticipated to rise by 29.5 million new cases and 16.4 million deaths globally by 2040, according to the World Health Organization’s International Agency for Research on Cancer (IARC) report. Furthermore, 70% of cancer fatalities occur in middle and low-income countries. As a result, the rising number of cancer cases is expected to boost revenue in the high potency APIs market.

View More On The HP (High Potency) APIs Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hp-high-potency-api-global-market-report

Prominent HP (High Potency) APIs Market Trend
To preserve their competitive position in the high potency APIs market, players are focused on methods such as production facility development and mergers and acquisitions. For example, in June 2022, MilliporeSigma, a worldwide life science company based in the United States, will open the doors of its $65 million facility for the production of high-potency active pharmaceutical ingredients (HPAPI), with a focus on cancer treatments. Piramal Pharma Solutions (PPS) announced a $19 million investment in January 2020 to expand its facility in Aurora, Ontario, Canada, with an extra 975 m2 of production capacity in a new wing for API manufacturing, including the production of HPAPI for powerful compounds with an OEL of 1 mcg/m3.

HP (High Potency) APIs Market Prominent Players
Major players in the HP (high potency) APIs market are Eli Lily and Company, Novartis AG, Bristol-Myers Squibb Company, Roche Diagnostics Ltd., Sanofi, Hospira Inc., BASF SE, Covidien PLC., Boehringer Ingelheim GmbH, and Merck & Co. Inc., Sigma Aldrich Corporation, Bayer AG, Carbogen Amcis AG, Lonza, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Mylan Inc., AbbVie, AstraZeneca PLC., and GlaxoSmithKline PLC.

Request A Sample Of The Global HP (High Potency) APIs Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2814&type=smp

Key HP (High Potency) APIs Market Segments
1) By Type: Innovative HPAPI, Generic HPAPI
2) By Synthesis Type: Synthetic HPAPI, Biotech HPAPI
3) By Therapeutic Application: Oncology, Harmonal Disorder, Glaucoma, Other Therapeutic Applications (Respiratory Disorders, CVD, Diabetes, Cosmetology, and Erectile Dysfunction)

The HP (High Potency) APIs Global Market Report 2023  provides a comprehensive overview on the HP (high potency) APIs market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the HP (high potency) APIs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
High Intensity Discharge Bulbs Global Market Report 2023
High-Density Polyethylene Global Market Report 2023
High Dynamic Range Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model