The Business Research Company’s COVID-19 Drug Associated APIs Global Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON , UK, July 9, 2021 /EINPresswire.com/ — High demand for some antiretrovirals, antimalarials, sedatives, bronchodilators, and other respiratory drugs drives the demand for the active pharmaceutical ingredients (APIs) used in the production of COVID-19 drugs. Active pharmaceutical ingredients are the biologically active components used in manufacturing pharmaceutical drugs. Remdesivir and Favipiravir are two common antiviral medications used currently for the treatment of COVID-19 patients. Remdesivir is a medication approved for emergency use in the USA and Japan for the treatment of COVID-19 patients. Remdesivir gained emergency use authorization (EUA) from the FDA on May 1, 2020, based on its preliminary data showing a faster time to recovery in hospitalized patients with several diseases. Favipiravir, which used to treat influenza in Japan, has also shown a positive effect on COVID patients. As COVID-19 is a respiratory ailment, the demand for bronchodilators spiked significantly. Therefore, the increasing demand for antivirals, antimalarials, and bronchodilators is projected to boost the demand for COVID-19 associated drug APIs market over the forecast period.
The COVID-19 drug-associated APIs market covered in this report is segmented by drug class into antimalarials, bronchodilators, antibiotics, antivirals, others.
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The global COVID-19 drug associated APIs market is expected to grow from $4.73 billion in 2020 to $5.09 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The COVID-19 drug-associated APIs market is expected to reach $6.66 billion in 2025 at a CAGR of 7%.
Major players in the COVID-19 drug-associated APIs market are Dr. Reddy’s Laboratories, Lianyungang Guike Pharmaceutical, Alembic Pharmaceutical, Wockhardt Ltd, Sandoz Srl, Lupin Limited, Aurobindo Pharma Ltd., Shanghai Shyndec Pharmaceutical (Haimen) Co Ltd, and Yatai Pharma.
COVID-19 Drug Associated APIs Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides COVID-19 drug associated APIs market overview, forecast COVID-19 drug associated APIs market size and growth for the whole market, COVID-19 drug associated APIs market segments, and geographies, COVID-19 drug associated APIs market trends, COVID-19 drug associated APIs market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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