Active Pharmaceutical Ingredients Market is Growing Massively till 2027
- celina redden
- Sep 6, 2021
- 3 min read
Active Pharmaceutical Ingredients Market Research Report: Information By Manufacturing Process (Captive Manufacturing and Contract Manufacturing), Type of Synthesis (Synthetic and Biotech), By API Formulation (Generic API and Branded/Innovative API), Application (Cardiovascular Disease, Oncology, Neurological Disorders, Orthopedic Disorders, Respiratory, Gastrointestinal Disorders, Urology and others), Molecules (Large Molecule and Small Molecule) and Region - Forecast till 2028
Overview
The global active pharmaceutical ingredients market, during the forecast period 2015 to 2023, will register growth at a CAGR of 4.96%. The market for active pharmaceutical ingredients is set to reach USD 215,125.4 million by 2023. As per analysts, the global market is anticipated to witness growth owing to the factors such as the growing incidences of chronic diseases as well as upsurge in novel drug applications. However, the market will face challenges and restraints due to regulatory drawbacks and the rigorous supervisory strategies during the forecast period 2015 to 2023.
Latest COVID-19 Impact Industry news
Pfizer along with BioNTech have got the clearance for the first human clinical trial for the COVID-19 vaccine in Germany that will be big pass to the test for companies that have proposed the vaccine on 200 healthy people that are aged 118 to 55 years in the first stage and for the patients in the high-risk stage or the second stage.Active Pharmaceutical Ingredients Market Overview
Active Pharmaceutical Ingredients Market are used as antibody drug conjugates that are important and effective treatment modalities that are used in the combination with monoclonal antibodies and are biologically active and useful drugs for cancer. APIs especially target cancer cells effectively, that is causing the minimum exposure of drugs for healthy tissues. These pharmaceuticals with patent expirations of blockbuster drugs have given rise to the generic versions of these molecules.
After the patent expiration, the R&D investments that are done by the companies are not beneficial for them. The prevalence of congenital heart diseases is growing at a faster rate and the development of hospital-acquired infections that are expected to drive the growth of the global active pharmaceutical ingredients. According to the NCBI in 2017 article that has conducted the survey in Japan, mostly around 339 bacteremia UTI cases were identified.
The global active pharmaceutical ingredients market report presents the increasing growth of the global market which will register a CAGR of about 4.96% that will reach USD 215,125.4 million by the year 2023. The increasing cases of the chronic disease and the growth of the new drug applications with the rising acceptance with the growing importance of generics all around the globe that is expected to enhance the growth of the active pharmaceutical ingredients market.
Active Pharmaceutical Ingredients Market Key Players
The prominent players in the global active pharmaceutical ingredients market are Sanofi SA (France), F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (US), Abbott (US), Bayer AG(UK), Merck & Co., Inc (US), Boehringer Ingelheim GmbH (UK), Glaxosmithkline Plc (UK), Novartis AG (UK), Eli Lilly and Company (US), and Teva Pharmaceutical Industries Ltd (Israel).
Active Pharmaceutical Ingredients Market segmentation
The global active pharmaceutical ingredients market presents the market scenario of the global market with the rise in the growth of pharmaceuticals. On the basis of manufacturing processes, the global active pharmaceutical ingredients market can be split into:
Contract manufacturing
Captive manufacturing
Based on the type of synthesis, the global active pharmaceuticals ingredients market can be divided into:
Biotech
Synthetic
Biotech synthesis is the market that can be further segmented into:
Vaccines
Recombinant proteins
Monoclonal antibodies
Others
According to the report, the API formulation has been divided and the global active pharmaceutical ingredients market can be classified into:
branded/innovative API
Generic API
Based on the applications, the global market can be categorized under:
Neurological disorders
Cardiovascular disease oncology
Orthopedic disorders
Respiratory
Gastrointestinal disorders
Urology
Others
Active Pharmaceutical Ingredients Market Regional analysis
The global market has been studied and observed based on the regions of Europe, Asia-Pacific, Americas, Middle East and Africa. The American region is expected to hold the largest share and is dominating the global market due to the rising technological advancements in diagnostics and related to neurological disorders. The European region will hold the second largest share and the presence of a large number of CMOs are involved in the manufacturing of APIs with the need for developing generic drugs.
Asia-Pacific region is also growing its presence of rapidly developing economies that are emerging as the major spots for the outsourcing of drug manufacturing.
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