The global pharmaceutical intermediates market is experiencing a significant shift, driven by a growing trend of major pharmaceutical companies adopting contract manufacturing (CM) for both intermediates and finished products. This strategic move prioritizes enhanced production capabilities and cost-efficiency, indicating a promising future for industry expansion.
This trend is reflected in the expansion of facilities by businesses globally, with a particular focus on China and India. This strategic shift highlights the growing importance of these regions within the pharmaceutical industry.
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Further solidifying this positive outlook, a recent report by Future Market Insights (FMI), a leading market research firm, forecasts a CAGR of 4.3% for the pharmaceutical intermediates market through 2030. This substantial growth projection underscores the robust potential and pivotal role this segment plays within the broader pharmaceutical landscape.
Key Takeaways:
- Contract manufacturing is gaining traction in the pharmaceutical intermediates market.
- Companies are strategically expanding facilities, with a focus on China and India.
- The market is expected to witness significant growth, with a CAGR of 4.3% projected through 2030.
This shift towards contract manufacturing and the projected growth trajectory paint a promising picture for the future of the pharmaceutical intermediates market.
Key points to consider about the pharmaceutical intermediates market include:
- Role in Drug Manufacturing: Pharmaceutical intermediates are chemical compounds that undergo further processing to become APIs, which are the active ingredients in medications. They are the middle step in the drug manufacturing process, linking raw materials to the final drug product.
- Diverse Range: Pharmaceutical intermediates can encompass a wide range of chemical compounds, including organic chemicals, inorganic chemicals, and biochemicals. They are chosen based on the specific properties needed for the synthesis of a particular drug.
- Custom Synthesis: Many pharmaceutical companies outsource the production of intermediates to specialized manufacturers, which offer custom synthesis services. This allows drug manufacturers to focus on drug formulation and development rather than the production of intermediates.
- Regulation: The production of pharmaceutical intermediates is subject to strict regulations and quality control standards imposed by regulatory authorities like the FDA (Food and Drug Administration) in the United States and the EMA (European Medicines Agency) in Europe. Ensuring the quality, safety, and purity of intermediates is critical to the drug manufacturing process.
- Global Market: The pharmaceutical intermediates market is a global industry with manufacturers and suppliers located around the world. Major players can be found in countries like China, India, the United States, and Europe.
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Some of the leading companies operating in the market are:
- Cambrex Corporation
- BASF SE.
- Aceto Crporation
- Interchem.
- Arkema Inc.
- Chiracon GmbH.
- Midas Pharma GmbH.
- Chemcon Specialty Chemical Pvt. Ltd.
- Dextra Laboratories Limited
- Pfizer
- Codexis, Inc
- Sanofi
- Dishman Group
- Dextra Laboratories Limited
Pharmaceutical Intermediates Market – Key Segments:
Product:
- Chemical Intermediates
- Bulk Drug Intermediates
- Chiral Intermediates
- Achiral Intermediates
- Custom Intermediates
Category:
- Branded Drug Intermediates
- Generic Drug Intermediates
Application:
- Analgesics
- Anti-inflammatory Drug
- Cardiovascular Drugs
- Anti-diabetic Drugs
- Antimicrobial Drugs
- Anti-cancer Drugs
- Others
End User:
- Biotech and Pharma Companies
- Research Laboratory
- CMOs/CROs
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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