Global Artemisinic Acid Market Trend and Development Strategy Analysis 2023-2029

Length- 113 Pages | Published Date - 2023-02-04 | Report Id- 2365
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This report aims to provide a comprehensive presentation of the global market for Artemisinic Acid, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artemisinic Acid.

The Artemisinic Acid market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Artemisinic Acid market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Artemisinic Acid manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

The global Artemisinic Acid market size in 2022 is 685.42 million US dollars, and it is expected to be 918.49 million US dollars by 2029, with a compound annual growth rate of 4.27% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Artemisinic Acid market include Sanofi, KPC Pharmaceuticals, Inc, Guilin Pharmaceutical Co., Ltd, Calyx Chemicals and Pharmaceuticals Ltd., and Novartis AG. The share of the top 3 players in the Artemisinic Acid market is XX%.

REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, in which North America accounted for XX%, Europe accounted for XX% of Artemisinic Acid market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:
The report segments the market by Type and Application. Antimalarial Injections accounted for XX% of Artemisinic Acid market in 2022. Antimalarial Tablets share of XX%.
Pharmaceutical and Biotechnology Companies accounted for XX% of the Artemisinic Acid market in 2022. Academic and Research Institutes accounts for XX%.

Increasing demand for artemisinin-based antimalarial drugs: Artemisinin-based combination therapies (ACTs) are the recommended treatment for malaria, particularly for drug-resistant strains. Artemisinic acid is a precursor in the synthesis of artemisinin, making it a crucial intermediate in the production of these antimalarial drugs. The global demand for artemisinic acid is driven by the need to meet the growing demand for artemisinin-based antimalarials, especially in regions with high malaria prevalence.

Advancements in biotechnological production: Traditionally, artemisinic acid was sourced from the Artemisia annua plant. However, there has been significant progress in biotechnological methods for the production of artemisinic acid. Through the use of genetically engineered microorganisms, such as yeast or Escherichia coli, artemisinic acid can be synthesized more efficiently and in larger quantities. Biotechnological production methods offer scalability and a more sustainable and reliable source of artemisinic acid.

Increasing focus on alternative sources of artemisinic acid: In addition to plant-based and biotechnological sources, researchers are exploring alternative sources of artemisinic acid. For example, there is ongoing research on engineering plant species other than Artemisia annua to produce artemisinic acid. These alternative sources aim to diversify the supply chain and reduce dependence on a single plant species, ensuring a stable and sustainable supply of artemisinic acid.

Collaborations and partnerships for production scale-up: To meet the global demand for artemisinic acid, collaborations and partnerships are being formed between pharmaceutical companies, research institutions, and organizations involved in malaria control. These partnerships aim to pool resources, expertise, and production capabilities to scale up the production of artemisinic acid and ensure its availability for the production of artemisinin-based antimalarial drugs.

Regulatory challenges and quality control: The production and use of artemisinic acid are subject to regulatory requirements and quality control standards. Governments and regulatory bodies play a crucial role in ensuring the safety, efficacy, and quality of artemisinic acid and its derivatives. Stringent regulatory processes and quality control measures are in place to ensure that artemisinic acid meets the required standards for pharmaceutical use.

Research and development for new applications: Artemisinic acid is not limited to its role as an intermediate in the production of artemisinin-based antimalarial drugs. Ongoing research is exploring the potential of artemisinic acid in other applications, such as cancer treatment, anti-inflammatory agents, and anti-parasitic drugs. The discovery of new therapeutic applications for artemisinic acid may further drive its market growth and diversify its applications.

The Following is the Scope of Analysis Mainly Covered by Our Research on the Global {XX} Market:
Highlights-Regions
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Egypt
South Africa
UAE
Turkey
Saudi Arabia

Player list
Sanofi
KPC Pharmaceuticals, Inc
Guilin Pharmaceutical Co., Ltd
Calyx Chemicals and Pharmaceuticals Ltd.
Novartis AG
Ipca Laboratories Ltd.
Cipla Inc.
Shin Poong Pharm Co., Ltd.
Rupus Global Limited
AdvacarePharma

Types list
Antimalarial Injections
Antimalarial Tablets

Application list
Pharmaceutical and Biotechnology Companies
Academic and Research Institutes
Hospitals & Diagnostic Centers
Others

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