Global Cancer API Market Overview:
Cancer Active Pharmaceuticals Drugs (API) is the ingredient in medical drug use for cancer. Cancer is unregulated and disordered cell development. There are five main API molecule categories including Tinib, Rafenib, Parib, Lisib, Degib, and Ciclib. Rising demand for small molecule drugs, the improved incidence of cancer as well as the entrance of new active pharmaceutical ingredients (API) will help to expand the global cancer API market. Furthermore, the initiation of smart healthcare is pavement the method for new APIs including cancer APIs.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Upsurging Adoption of Offshore Manufacturing in Pharmaceutical Products Manufacturing and Introduction to highly Advanced and Safe Active Pharmaceutical Ingredients (APIs)
Market Growth Drivers:
Growing Instances of Cancer Patients across the Globe and Increasing Demand for Small Molecule Drugs
Challenges:
Growing Hourly Wages and Per Day Labor Costs for Skilled Workers and Continues Technological Advancements may lead to Threat of Substitutes
Restraints:
Cancer API might Possess Few Side Effects leading to Hamper Overall Business Growth and Comparatively Higher Production Cost than the Conventional Pharmaceutical Products
Opportunities:
Continues Research and Development in the Active Pharmaceutical Product Manufacturing and Robust Investments in Enhancing the Healthcare Infrastructure across the Globe
Competitive Landscape:
The Cancer API market is fragmented market due to the presence of various players. The players are focusing on investing in research and development activities, enhancing their technology capabilities, improving the accuracy and speed of cancer diagnosis, and developing more effective and personalized cancer treatments. Additionally, they are increasingly leveraging data analytics and AI to provide more personalized and efficient services to patients and healthcare providers. Further, the companies are also planning strategic activities such as partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Exelixis Inc. (United States), Pfizer Inc. (United States), Eisai Ltd. (Japan), Bristol-Myers Squibb (United States), AbbVie Inc. (United States), F. Hoffman La Roche (Switzerland), AstraZeneca PLC (United Kingdom), Novartis AG (Switzerland), Bayer AG (Germany), Ariad Pharmaceuticals Inc. (Takeda) (United States), Boehringer Ingelheim (Germany) and Celgene (United States). Additionally, following companies can also be profiled that are part of our coverage like Clovis Oncology (United States), Eli Lilly & Company (United States), Gilead Lifesciences Inc. (United States), Incyte Corporation (United States), Puma Biotech (United States) and TESARO, Inc. (United States). Analyst at AMA Research see United States and European Players to retain maximum share of Global Cancer API market by 2028. Considering Market by Degib, the sub-segment i.e. Sonidegib will boost the Cancer API market. Considering Market by Tinib, the sub-segment i.e. Ponatinib will boost the Cancer API market. Considering Market by Rafenib, the sub-segment i.e. Sorafenib will boost the Cancer API market. Considering Market by Parib, the sub-segment i.e. Olaparib will boost the Cancer API market.
Latest Market Insights:
In September 2022, PAG-led API Platform acquired controlling stake in Optimus, a leading manufacturer of active pharmaceutical ingredients (APIs). It aimed to enhance PAG's presence in the global API market and expands Optimus' product portfolio and manufacturing capabilities. Further, the acquisition is expected to drive innovation in the API industry by combining the expertise of PAG and Optimus and leveraging the growing demand for APIs globally.
In April 2022, PharmaZell merged with Novasep to manufacture new CDMO, API. Novasep, a France-based Contract Manufacturing Organization (CMO). The merger is expected to create significant synergies and enable the new company to expand its customer base and increase its manufacturing capacity.
The European Parliament has executed a resolution during its plenary session in Strasbourg. The primary objective of this resolution is to prohibit/control the scope of pharmaceutical companies’ to avoid the obligation. Thus, the existing law is imposed on them to develop and investigate drugs for children. Nowadays, these drug manufacturers can ask for renunciation from the obligations to investigate the potential benefit of a drug for the children, if the adult cancer for which the drug was originally developed does not exist in children.
What Can be Explored with the Cancer API Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cancer API Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cancer API
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cancer API market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cancer API market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cancer API Manufacturers, Cancer API Distributors and Traders, Research and Development (R&D) Companies, Government Research Institutes and Academic Institutes and Universities.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.