Pharmaceutical Fine Chemicals Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#chemicals–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Pharmaceutical
Fine Chemicals Procurement Research Report.’ The insights
and data in this report provide a strategic analysis of the supply
markets, factors influencing purchasing decisions, procurement best
practices, pricing models, supplier landscape, and an analysis of the
supplier capability matrix for the pharma
and healthcare industry. This report breaks down the data and
analysis behind the procurement of pharmaceutical fine chemicals and
acts as an all-inclusive guide for making smart purchasing decisions.

“The global pharmaceutical fine chemicals market is witnessing
a shift in outsourcing of pharmaceutical fine chemicals from LCCs such
as China and India to developed regions such as Europe and North America
due to quality issues and regulatory violations,” says SpendEdge
procurement analyst Tridib Bora. “Also, the demand for pharmaceutical
fine chemicals is driven by the growth in regulatory approvals for new
drug applications as well as demand for innovative drug formulations,”
added Tridib.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Pharmaceutical Fine Chemicals Market:

• Increase in digitalization initiatives by suppliers
• Increase in M&A activity
• The growth of biologics and biosimilars

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Increase in digitalization initiatives by suppliers:

In the pharmaceutical fine chemicals industry, leading suppliers are
increasingly investing in digitalization. Digitalization helps in
increasing accountability and transparency across supply chains.
Adoption of such initiatives includes the continuous processing of data
that relies heavily on digitalization for collecting and processing
information in real-time to enhance quality and productivity of
pharmaceutical fine chemicals firms.

Increase in M&A activity:

The pharmaceutical fine chemicals industry is witnessing an increase in
M&A activity. This can be attributed to several factors including the
expansion into a new geographical territory in a complex regulatory
environment and the expansion of product portfolios. The increasing M&A
activities also help in enhancing the quality of products for buyers.

The growth of biologics and biosimilars:

In the chemicals industry, the increasing use of biologics and
biosimilars is significantly impacting the growth of the global
pharmaceutical fine chemicals market. The growth of this segment is
leading to the demand for specific pharmaceutical fine chemicals that
cater to the individual process need of different biologic formulations.
Moreover, the emergence of biologics is enhancing the capability of
pharmaceutical medicines in treating chronic diseases.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]