Technavio Announces the Publication of its Research Report Global Active Pharmaceutical Ingredients Market 2017-2021
Technavio recognizes the following companies as the key players in the global active pharmaceutical ingredients market: Aurobindo Pharma, Cipla, Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries Limited, and Teva Pharmaceutical Industries.
Other Prominent Vendors in the market are: Abbott Laboratories, Albemarle, Amgen, BASF, Biocon, Boehringer Ingelheim, Bristol-Myers Squibb, CIRON Drugs & Pharmaceuticals, Dishman Pharmaceuticals and Chemicals, Emcure Pharmaceuticals, Ipca Laboratories, Johnson Matthey, Guilin Pharmaceutical, Johnson & Johnson, Lonza Group, Merck, Novartis, Pfizer, Roche.
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Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is growing influence of key markets. The influence of vendors especially from APAC and to some extent from the Eastern Europe is increasing. India, China, South Korea, and Taiwan are expected to emerge as the leading markets for generics owing to the low production cost. Expertise in process chemistry and low manufacturing and labor costs are the major factors that have contributed to the increased competence of vendors in these countries.
According to the report, one of the major drivers for this market is strong focus on HPAPI. The demand for HPAPIs is growing considerably during the forecast period due to the increase in the application of targeted therapies for the treatment of diseases. The sustained innovations since 2015 are expected to sustain the market growth in future. The number of drug approvals during 2015 was the highest in recent years. This success is driving the funding for new materials, which is, thereby increasing the R&D of new HPAPIs.
Further, the report states that one of the major factors hindering the growth of this market is government regulations. Vendors are required to comply with the various regulations and must follow extensive procedures. The regulations differ in different regions, and the regulations in the US and Europe are considered the most stringent. The good manufacturing practice (GMP) requirements as stated by the World Health Organization (WHO) provides prequalification of APIs to ensure quality. Vendors that comply with the standards and norms as stated by the WHO are provided with the Active Pharmaceutical Ingredient Master File (APIMF) number and are included in the WHO’s prequalified APIs list.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Active Pharmaceutical Ingredients
A drug is generally composed of APIs and excipients. Active Pharmaceutical Ingredients are chemical compounds or a combination of compounds that are used primarily to have the desired effect on biological systems. Excipients are inactive ingredients in a drug that are used to disperse APIs. APIs may be synthesized either through chemical or biotechnological methods.
Technavios analysts forecast the global active pharmaceutical ingredients market to grow at a CAGR of 6.61% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global active pharmaceutical ingredients market for 2017-2021. To calculate the market size, the report considers the sales of APIs in key applications areas of the pharmaceutical industry. The report considers the revenue generated from the sales of cardiovascular drugs, diabetes drugs, central nervous system (CNS) drugs, oncology drugs, and others.
The market is divided into the following segments based on geography:
Technavio’s report, Global Active Pharmaceutical Ingredients Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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