August 29, 2023 04:53 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global pharmaceutical intermediates market is projected to flourish at a CAGR of 6% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 53.4 billion is anticipated for the market in 2031. As of 2023, the market for pharmaceutical intermediates is expected to close at US$ 32.8 billion. Factory Directly Supply O-Phenylenediamine
With the increasing global population and age, there is an increasing need for various medications, driving the demand for intermediates used in their production. The growth in the pharmaceutical industry directly affects the market demand.
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Key players in the global pharmaceutical intermediates market have been profiled based on key aspects such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies. Major companies profiled in the global pharmaceutical intermediates market report are
Key Developments in the Pharmaceutical Intermediates Market
The increasing focus on innovative drug development and the need for a diverse range of APIs contribute to the demand for intermediates. The pharmaceutical intermediates are usually formed using high-grade raw materials, which are used in the pharmaceutical and cosmetic industries. The rising demand in these industries is expanding the global pharmaceutical intermediates market.
Increasing spending in research and development and advancements in innovative therapies are anticipated to improve the growth rate of the pharmaceutical intermediates market
Key Takeaways from the Market Study
Pharmaceutical Intermediates Market: Key Trends and Opportunistic Frontiers
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Pharmaceutical Intermediates Market – Regional Analysis
Pharmaceutical Intermediates Market – Key Segments
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