Russia High Potency Active Pharmaceutical Ingredients Market Size & Outlook
Russia high potency active pharmaceutical ingredients market, 2018-2030 (US$M)
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Russia high potency active pharmaceutical ingredients market highlights
- The Russia high potency active pharmaceutical ingredients market generated a revenue of USD 200.3 million in 2023 and is expected to reach USD 682.1 million by 2030.
- The Russia market is expected to grow at a CAGR of 19.1% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating product in 2023.
- Biotech is the most lucrative product segment registering the fastest growth during the forecast period.
High potency active pharmaceutical ingredients market data book summary
| Market revenue in 2023 | USD 200.3 million |
| Market revenue in 2030 | USD 682.1 million |
| Growth rate | 19.1% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Biotech |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Biotech |
| Key market players worldwide | Basf SE, CordenPharma, Bristol-Myers Squibb Co, Pfizer Inc, Boehringer Ingelheim Pharma, Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, Albany Molecular Research, Sanofi SA, Lonza Group Ltd, Cipla Ltd DR, Merck & Co Inc, Teva Pharmaceutical Industries Ltd, Novartis AG ADR, Roche Holding AG |
Other key industry trends
- In terms of revenue, Russia accounted for 0.8% of the global high potency active pharmaceutical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany high potency active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 682.1 million by 2030.
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High Potency Active Pharmaceutical Ingredients Market Scope
High Potency Active Pharmaceutical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia high potency active pharmaceutical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to high potency active pharmaceutical ingredients market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 72.09% in 2023. Horizon Databook has segmented the Russia high potency active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
In 2012, government-backed investment venture, funded emerging investment firms in Russia to modernize healthcare in the country. Furthermore, government collaborations, such as US-Russia bilateral collaboration in 2016 to stimulate and facilitate cancer research, are also anticipated to impact the market positively.
In Russia, around 14.65% population is aged over 65 and is categorized as geriatric, which is more susceptible to cancer and diabetes. In Russia, over 314,611 patients die annually due to cancer, which indicates a strong need for efficient oncology therapeutics in the country. This unmet need for high efficacy therapeutics is anticipated to drive the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia high potency active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Russia high potency active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia high potency active pharmaceutical ingredients market size, by product, 2018-2030 (US$M)
Russia High Potency Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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