Global Small Molecule API Market
Global Small Molecule API Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 7.5% during forecast period. Global Small Molecule API Market Overview: Small molecule API (Active Pharmaceutical Ingredient) is an active ingredient, which is used for pharmaceutical development. It is highly used for the regulation of biological processes. API is the combination of substances that may have a direct effect on treatment, diagnosis, mitigation, and prevention of diseases. Global Small Molecule API Market Dynamics: Increasing rates of chronic diseases like cancer, cardiovascular and infections primarily drives the market. The rising prevalence of chronic diseases demands the development of small molecule APIs as it possesses the characteristics of rapid diffusibility because of its small size to reach the intracellular site of action. Patents expiry of the top-selling pharmaceuticals is working as a driver for the global small molecule API market growth. Rising aware