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Global Active Pharmaceutical Ingredients (API) Markets, 2021-2028 – Increasing Preference for Outsourcing APIs & Targeted Therapy Approach in Cancer Treatment

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Dublin, Oct. 05, 2021 (GLOBE NEWSWIRE) — The “Global Active Pharmaceutical Ingredients Market Size, Share & Trends Analysis Report by Type Of Synthesis (Biotech, Synthetic), by Type Of Manufacturer (Captive, Merchant), by Type, by Application, by Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

The global active pharmaceutical ingredients market size is expected to reach USD 312.56 billion by 2028 and is expected to expand at a CAGR of 6.6% from 2021 to 2028

The market is driven by the growth of the biopharmaceutical sector, advancements in active pharmaceutical ingredient (API) manufacturing, and an increase in the geriatric population.

The growth of the captive API segment is propelled by companies investing in solving challenges and developing new chemical ways for the production of APIs in house. This aids in reducing costs and the risk of contamination. Artificial intelligence and protein synthesis are expected to facilitate faster development with greater control over the process.

The rising prevalence of chronic and lifestyle-based conditions, such as cardiovascular diseases, is accelerating the demand for API. For instance, as per U.S. Pharmacist in 2020, 47% of adults have at least one risk factor that supports cardiovascular disease development. Cardiovascular diseases are one of the global, critical public health burdens driving extensive R&D for APIs in the field.

The generic API segment is gaining share in the market owing to its cost effectiveness, which helps in catering to the needs of the rising number of patients in developing regions with a low-income population. According to the Association for Accessible Medicines (AAM), in 2017, there was a considerable rise in manufacturing units in Asia, Australia, and EU5. There has also been an increase in the market share of generic drugs.

Developing nations like India are receiving an increased preference in the market over dominant API market countries, like China, owing to geopolitical situations. Furthermore, other factors favoring India include quality raw materials and products, large workforce, vast distribution network, and government subsidies under schemes like “Make in India”.

For addressing unmet medical needs, companies are collaborating to develop novel treatments. This allows firms to use their resources to aid in the development of products and enhance the supply chain. In August 2019, OmniChem Private Limited was acquired by Ajinomoto Bio-Pharma Services (earlier they were in a joint venture since 2011 for the manufacturing of APIs). The acquisition was completed in June 2020.

Active Pharmaceutical Ingredient Market Report Highlights

  • According to the WHO, around 17.5 million people die each year due to cardiovascular diseases, accounting for 31% of all deaths across the globe
  • The growing geriatric population in Asian countries, such as Japan and China, along with high untapped opportunities, is expected to drive the market during the forecast period. It is estimated that over 20% of the Japanese population is aged 65 and above
  • According to the CDC, about 795,000 people in the U.S. suffer from stroke every year, out of which 87% cases are of ischemic stroke
  • Companies are looking to diversify their API suppliers and manufacturers to different locations instead of outsourcing it to just one manufacturer or country
  • Key players are increasingly focusing on vaccines, for instance, Sanofi announced an investment of USD 601.37 million for vaccine production and research in France. These investments are anticipated to drive the development of new vaccine APIs in the coming years to help facilitate readiness to deliver new products

Market Dynamics

Market Driver Analysis

  • Growing geriatric population
  • Rising prevalence of target diseases such as hospital-acquired infections, genetic, cardiovascular, and neurological diseases
  • Increasing preference for targeted therapy approach in cancer treatment
  • Increasing preference for outsourcing APIs

Market Restraint Analysis

  • High capital investments and production cost
  • Stringent Safety and handling regulations regarding APIs

Companies Mentioned

  • AbbVie, Inc.
  • Boehringer Ingelheim International GmbH
  • Bristol-Myers Squibb Company
  • Cipla, Inc.
  • Merck & Co., Inc.
  • Albemarle Corporation
  • Aurobindo Pharma
  • Viatris Inc. (Mylan N.V.)
  • Teva Pharmaceutical Industries Ltd.
  • Sun Pharmaceutical Industries Ltd.
  • Dr. Reddy’s Laboratories Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/3e9giu


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50 Scholarships Empowering STEM & Sustainability Education for UK Youth

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NEW YORK, April 15, 2024 /PRNewswire/ — AFS Intercultural Programs, a global non-profit educational exchange organisation, is proud to announce the second year of Global STEM Innovators scholarships in the United Kingdom – equipping young people with access to STEM, sustainability, and global competence education.

The AFS Global STEM Innovators is a five-week, full-scholarship exchange program, for 50 youth (ages 14 to 17), that fosters the understanding and skills needed to help the world transition to a more sustainable future. The program combines an interactive virtual exchange focused on global skills, and a week-long, in-person workshop focused on innovations in STEM. Scholars will explore sustainability and social impact through diverse perspectives, innovations, and real-world case studies, including opportunities to meet with STEM industry leaders and experts.
Upon program completion, scholars earn the award-winning AFS Global Competence Certificate and are invited to join the AFS Global STEM alumni community, which offers mentorship, networking, and further academic and professional development opportunities.
Program Dates
Application Deadline: 15 May 2024Virtual Exchange: 8 July – 9 August 2024 (online)Workshop: 11-17 August 2024 (in-person)Eligibility
Legal residence in one of the following postcode areas: Aberdeen (AB), Cardiff (CF), Darlington (DL), Newport (NP), Swansea (SA), or Teesside (TS)Birthdate: 1 January 2007 – 31 July 2010AFS has partnered with Celtic English Academy in Wales to administer the program. Full scholarship funding is provided by bp, which supports AFS Global STEM programs to help build the STEM talent that the world needs to create sustainable solutions and improve the diversity of talent in STEM.
AFS brings decades of expertise in impact-driven educational exchange and the power of a global network. “We know that young people are eager to innovate and bring positive change to their communities, and we are proud to empower young people with critical global skills and knowledge, like cross-cultural communication, empathy, and conflict resolution,” says Daniel Obst, President & CEO of AFS. “Educating more young people to become global citizens is crucial to create a more sustainable future.”
To learn more or apply, please visit https://afs.org/global-stem/innovators/.
 
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Zimperium Positioned as the Leader in the 2024 SPARK MatrixTM for In-App Protection by Quadrant Knowledge Solutions

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The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading In-App Protection vendors.Zimperium, with its comprehensive technology for In-App Protection, has received strong ratings across the parameters of technology excellence and customer impact.MIDDLETON, Mass., April 15, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named Zimperium as the 2024 technology leader in the SPARK Matrix™: In-App Protection, Q2 2024.

 
The Quadrant Knowledge Solutions SPARK Matrix™ includes a detailed analysis of the global market dynamics, vendor landscape, and competitive positioning. The study also provides a competitive analysis and ranking of the leading In-App Protection providers in the form of the SPARK Matrix™. The study also provides strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market positions.
Ayush Patidar, Analyst at Quadrant Knowledge Solutions, states, “Zimperium’s Mobile Application Protection Suite (MAPS) provides ‘shift left’ security to Android and iOS mobile applications through a unified security platform that protects sensitive user information through app shielding techniques and advanced cryptographic key protection capabilities. Zimperium has received strong ratings across technology excellence and customer impact and has been positioned as a leader in the SPARK Matrix: In-App Protection, Q1 2024.”
 “In-app protection capabilities enable seamless integration of security throughout the application lifecycle from development to runtime without slowing down releases.  The app’s comprehensive protection prevents reversing and tampering in app stores and defends against on-device threats,” said Krishna Vishnubhotla, Vice President of Product Marketing, Zimperium. “Being able to update the in-app detections and responses over the air is key as it allows security teams to keep up with evolving threats without having to release a new app every time.”
Additional Resources:
For more information about Zimperium, visit hereSPARK Matrix: In-App Protection, Q1 2024Complimentary Download – SPARK Matrix: In-App Protection, Q1 2024: LinkAbout Zimperium
Zimperium enables companies to realize the full potential of mobile-powered business by activating a Mobile-First Security Strategy. Built for the demands of mobile business, Zimperium’s Mobile-First Security Platform™ delivers unmatched security across both applications and devices. Only Zimperium delivers autonomous mobile security that dynamically adapts to changing environments so companies can securely capitalize on the new world of mobile-powered opportunities. Zimperium is headquartered in Dallas, Texas and backed by Liberty Strategic Capital and SoftBank. For more information, follow Zimperium on Twitter (@Zimperium) and LinkedIn, or visit www.Zimperium.com.
Zimperium Media Contacts:
Lisa Bergamo [email protected]  (650) 380-9250, Sena McGrand [email protected] (917) 941-4975
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
Quadrant Media Contact:Mr. Ajinkya Ingle Quadrant Knowledge Solutions Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts 01949 United StatesEmail: [email protected] Phone: (+1) 978-344-2770
Content Source: https://quadrant-solutions.com/press-release/zimperium-positioned-as-the-leader-in-the-2024-spark-matrixtm-for-in-app-protection-by-quadrant-knowledge-solutions-544
Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/
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Broadcom Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Delivering Reliable and Flexible Hybrid Cloud Management Solutions

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Broadcom’s VMware software leads the industry with its innovative approach to hybrid cloud management, providing businesses with unparalleled visibility, automation, and control over diverse IT environments.
SAN ANTONIO, April 15, 2024 /PRNewswire/ — Frost & Sullivan recently researched the hybrid cloud management industry and based on its findings, recognizes Broadcom Inc. with the Global Company of the Year Award. This award is based on VMware software which Broadcom acquired in November 2023.

VMware software unifies and streamlines hybrid cloud environments and accelerates app innovation for the world’s most complex organizations. VMware hybrid cloud management solutions are globally recognized for their comprehensive features and integrations that extend visibility and control to Kubernetes environments and applications. VMware software, however, is unique based on in its integrated support for various infrastructures and its focus on automation to ensure consistent security and governance policies, reduce human error, and maintain budget alignment.
Through its acquisition of VMware, and with its strategic product development and highly innovative approach, Broadcom has solidified its position as a leader in the hybrid cloud management space. The company has solidified its position as a leader in the hybrid cloud management space by offering features not offered by other providers, including support for Kubernetes environments. Its hybrid management platforms support the widest variety of infrastructures and clouds in the market today, and recent enhancements have strengthened its security capabilities.
“Broadcom has earned its leadership position by acquiring VMware’s highly successful hybrid cloud platform. As Broadcom drives VMware’s roadmap for continued enhancements around app-aware infrastructure management comes to fruition, the company will experience continual growth as a market leader,” said Karyn Price, Industry Principal, ICT at Frost & Sullivan.
Recognizing the evolving needs of the global market, VMware successfully integrated new functionality by acquiring companies such as Mesh7 and SaltStack prior to the Broadcom acquisition. Mesh7 brought valuable API management capabilities, enhancing VMware’s service offerings, while SaltStack improved the company’s event-driven automation and security operations. This blend of strategic acquisitions with in-house platform development has allowed the company to offer a versatile solution that addresses a broad spectrum of cloud management demands.
Furthermore, VMware consistently demonstrated an unwavering commitment to organic growth, mainly through enhancing its app-aware infrastructure management capabilities. By consistently developing and updating its product suite, VMware ensured its offerings remained at the forefront of technology, catering to the dynamic needs of businesses undergoing digital transformation. In addition, Broadcom leverages generative artificial intelligence (AI) automation features, showing strategic thinking and leadership in platform growth and evolution. As a result, this commitment to innovation and growth positions VMware software as a key participant in the hybrid cloud management space, and Broadcom is expected to strengthen its market leadership in the next few years.
“With VMware software, Broadcom is one of the few providers that offers integrated support for APAC-based infrastructure providers and boasts the broadest variety of infrastructures supported on its hybrid cloud management platform,” noted Price.
Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence, in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership, in terms of customer value and market penetration.
Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:
Tarini SinghP: +91- 9953764546E: [email protected] 
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