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Global chiral technology market: 14.5% CAGR forecast between 2013-17
Global Chiral Technology Market 2013-2017 - a new market research report on 2014-04-04 15:03:04
The Global Chiral Technology market is to grow at a CAGR of 14.53 percent over the period 2013-2017. One of the key factors contributing to this market growth is the favorable governmental regulations. The Global Chiral Technology market has also been witnessing the increasing outsourcing of pharmaceutical production to the APAC Region. However, the complexity of chiral chemistry could pose a challenge to the growth of this market.

Many global pharmaceutical companies are nowadays facing several challenges such as patent expirations and pricing pressures. As a result, these companies are on the lookout for cost containment measures. For instance, drug manufacturing in Asian countries is less expensive than it is in western countries. Further, the growing prominence of Asia as an end-user market and its growth in terms of manufacturing as well as human resource capabilities is expected to contribute to the growth of the market during the forecast period.

Governmental regulations that support the use of chiral technology constitute a major driver in this market. Healthcare authorities in many countries have introduced guidelines and policies that provide incentives for investments made in developing single enantiomer drugs.

One of the main challenges in this market is the complexity of chiral chemistry. The complexity of chiral chemistry is higher in the case of molecules containing multiple chiral centers. As a result, the selection of an appropriate technique for the synthesis and resolution of such molecules becomes challenging.

Key vendors dominating this space include BASF SE, Daicel Corp. Royal DSM N.V.

Other vendors mentioned are Bachem Holding AG, Cambrex Corp.,Codexis Inc.,Johnson Matthey plc, Novasep Inc., Phenomenex Inc., Regis Technologies Inc., Solvias AG, Strem Chemicals Inc..

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