02 Nov The Global Market Survey on Active Pharmaceutical Ingredients Market. The API Market is Forecasted to Jump Xx Usd Mn by 2024
Active pharmaceutical ingredient is biologically active and is a part of the drug which produces pharmacological effect. Some drugs which are used in a combination therapy have multiple active pharmaceutical ingredients (API) to treat more than one symptoms. Active pharmaceutical ingredients used for making the wide range of drugs that used to treat chronic diseases such as cancer, metabolic disorders, cardiovascular disorders, and neurological disorders, and others.Active pharmaceutical ingredient is biologically active and is a part of the drug which produces pharmacological effect. Some drugs which are used in a combination therapy have multiple active pharmaceutical ingredients (API) to treat more than one symptoms. Active pharmaceutical ingredients used for making the wide range of drugs that used to treat chronic diseases such as cancer, metabolic disorders, cardiovascular disorders, and neurological disorders, and others.
The major factors driving the API market growth include increase in the incidence of chronic diseases, and penetration of healthcare systems in underdeveloped countries and increased the consumption of drugs are expected to fuel the growth of active pharmaceutical ingredient (API) market. Furthermore, a surge in healthcare spending, development of healthcare infrastructure around the world enables boost the growth of active pharmaceutical ingredients market. However, unfavorable drug pricing policies in some countries and stringent regulatory requirements are hampering the active pharmaceutical ingredient market.
- The global active pharmaceutical ingredients market is segmented on the basis of type of synthesis (biotechnological, synthetic, non-synthetic), application area (cardiovascular system, oncology, CNS & neurological system, etc.).
- The global active pharmaceutical ingredients market is expected to reach XX USD Mn by 2024 with a growing CAGR of XX% from 2018 to 2024
- The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
The global API market have been divided into following categories-
- Type of synthesis
2. Application area
- Cardiovascular system
- CNS & Neurological system
- Gastrointestinal system
- Nephrology system
3. Geographical regions,
- North America
- Latin America and
- The Middle East & Africa
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North America accounts major pie in API market. In addition, a rise in biotechnological advances led to rising demand for the active pharmaceutical ingredients in North America region. Asia-Pacific is expected to record the fastest CAGR owing to many manufacturers and favorable government policies in the region.
Europe API market is expected to grow at a significant rate owing to manufacturers prioritizing high-quality standards, advanced manufacturing installations, and high purity of intermediates.
Some of the key players in API market are Pfizer, Inc. (U.S.), Sanofi (France), Lonza Group (Switzerland), Boehringer Ingelheim (Germany), Novartis AG (Switzerland), GlaxoSmithKline plc (U.K.), Bristol-Myers Squibb (U.S.), Zhejiang Hisun Pharmaceutical Co., Ltd. (China), Aenova Group GmbH (Germany), Catalent, Inc. (U.S.), Teva Pharmaceutical Industries Ltd., (Israel) Aurobindo Pharma Limited (India), Eli Lilly and Company (U.S.), AbbVie Inc. (U.S.)., and Merck & Co., Inc. (U.S.) to name a few.Active Pharmaceutical Ingredient Market is witnessing robust growth rate due to highly fragments of various players. Market players are banking on mergers and acquisitions to expand their manufacturing capabilities, geographical expansions and to increase the market share.
In 2014, Hospira acquired API manufacturing facility and an associated R&D facility from Orchid Chemicals & Pharmaceuticals, an Indian pharmaceuticals company.
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Key Questions Answered
- What is the current and future active pharmaceutical ingredients market outlook worldwide? What trends are affecting the global market?
- What is the competitive landscape and market share of major players in the API globally?
- What are the key, high growth markets that API manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the API currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of API?
- What are the challenges and barriers that have hindered widespread adoption of active pharmaceutical ingredients?
Reasons to buy active pharmaceutical ingredients market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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