Candesartan Cilexetil API Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 5.1% from 2026 to 2033.
South Korea's Candesartan Cilexetil API Market is experiencing notable growth, driven by the increasing prevalence of hypertension and the pharmaceutical industry's demand for high-purity active pharmaceutical ingredients (APIs). In 2024, the market was valued at approximately USD 13.44 million and is projected to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period.
Pharmaceutical companies are focusing on producing APIs with purity levels of ≥98% and ≥99% to meet stringent quality standards. This emphasis on high-purity APIs is crucial for the development of effective antihypertensive medications, such as candesartan cilexetil tablets and capsules, which are widely used in the treatment of high blood pressure and related cardiovascular conditions.
Key factors contributing to the market's growth include:
Increasing Hypertension Cases: The rising number of hypertension cases in South Korea necessitates effective treatment options, boosting the demand for candesartan cilexetil APIs.
Aging Population: An aging demographic is more susceptible to cardiovascular diseases, leading to higher consumption of antihypertensive drugs.
Healthcare Infrastructure: South Korea's advanced healthcare system facilitates the rapid adoption of new and effective medications.
Regulatory Support: Government initiatives and favorable regulations support the pharmaceutical industry's growth and the development of high-quality APIs.
Manufacturers are also exploring combination therapies to enhance treatment efficacy. For instance, Shinpoong Pharm introduced "Candeamlo Tablet," combining candesartan cilexetil with amlodipine besylate, marking the first combination of an angiotensin receptor blocker (ARB) and a calcium channel blocker (CCB) in Korea.
As the demand for effective hypertension treatments continues to rise, South Korea's candesartan cilexetil API market is poised for sustained growth, driven by innovation, quality standards, and a robust healthcare infrastructure.
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Tapi Teva
Jiangxi Synergy Pharma
Ningbo Menovo Pharma
Tianyu Pharma
Shaoxing Hantai Pharmaceutical
Zhejiang Huahai Pharmaceutical
Chempro Group
Suanfarma
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Candesartan Cilexetil API Market
Hypertension Management
Heart Failure Treatment
Chronic Kidney Disease
Congestive Heart Failure
Tablets
Injectable Solutions
Oral Suspensions
Pharmaceutical Wholesalers
Retail Pharmacies
Online Pharmacies
Hospitals and Clinics
Hospitals
Homecare Settings
Outpatient Facilities
4 mg
8 mg
16 mg
32 mg
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Candesartan Cilexetil API Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Candesartan Cilexetil API Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Candesartan Cilexetil API Market, By Type
6. South Korea Candesartan Cilexetil API Market, By Application
7. South Korea Candesartan Cilexetil API Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Candesartan Cilexetil API Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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