The Business Research Company’s HP (High Potency) APIs Market Global Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
HP (High Potency) APIs Market Global Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide HP (High Potency) APIs market overviews, analyze and forecast market size and growth for the whole market, HP (High Potency) APIs market segments and geographies, HP (High Potency) APIs market trends, HP (High Potency) APIs market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The high potency APIs (HPAPI) market consists of sales of high potency active pharmaceutical ingredients and related services. High potency APIs are extremely effective in pharmacologically active ingredients. These are highly specific in their action and offer significant efficiency even at the low daily therapeutic doses. HPAPIs are used in formulations for high potent drugs, owing to their ability to target precise disease cells including cancer cells.
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The global high potency APIs (HPAPI) market is expected to decline from $19.7 billion in 2019 to $18.5 billion in 2020 at a compound annual growth rate (CAGR) of -6%. The decline is mainly due to the focus on Covid-19 outbreak and its treatment across the globe, resulting in patients of other illnesses including cancer and other immunodeficiency diseases delaying their episodes of care and restrictions on trade and exports owing to the lockdown of countries that manufacture the drug. The market is then expected to recover and reach $24.1 billion in 2023 at a CAGR of 5.2%.
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