High Potency Active Pharmaceutical Ingredients Market Worth $38.84 Billion By 2028
High Potency Active Pharmaceutical Ingredients Industry Overview The global high potency active pharmaceutical ingredients market size was valued at USD 20.39 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.4% from 2021 to 2028. The increasing prevalence of cancer, the growing applications of high potency active pharmaceutical ingredients (HPAPIs), and the growth of targeted therapies are anticipated to accelerate the market growth in the forecast period. The demand for HPAPIs is continuously growing globally owing to the rise in cancer therapeutics. Cancer is considered one of the prominent health hazards due to the increasing number of people being affected by the disease. The cases of COVID-19 infections are rapidly growing and many countries have approved the use of antiviral drugs, which are high potency molecules. For instance, remdesivir has received approval for COVID-19. The drug is currently approved for the treatment of SARS-CoV-...