The global active pharmaceutical ingredient market size was USD 159.35 billion in 2020. The market is projected to grow from USD 174.17 billion in 2021 to USD 272.44 billion in 2028 at a CAGR of 6.6% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Active Pharmaceutical Ingredient Market, 2021-2028.”
According to our expert analysts, the increasing prevalence of chronic diseases and the rising demand for modified medicine, coupled with the advent of novel drug delivery devices are few of the aspects estimated to play a crucial role in improving the active pharmaceutical ingredients market growth during the mentioned timeframe.
Industry Development
March 2021 – Amgen confirmed the acquisition of Rodeo Therapeutics, a biopharmaceutical firm that focuses on developing small molecule therapies. The acquisition will enable Amgen to expand its inflammation APIs portfolio.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/active-pharmaceutical-ingredient-api-market-102656
List of Key Players Covered in the Market Report
- Teva Pharmaceutical Industries Ltd (Petah Tikva, Israel)
- AbbVie Inc. (North Chicago, U.S.)
- Abbott (Abbott Park, U.S.)
- Aurobindo Pharma (Hyderabad, India)
- Cipla Inc. (Mumbai, India)
- Reddy’s Laboratories Ltd (Hyderabad, India)
- Sun Pharmaceutical Industries Ltd (Mumbai, India)
- Amgen Inc. (Thousand Oaks, U.S.)
- Biocon (Bengaluru, India)
- Mylan N.V. (Canonsburg, U.S.)
- Boehringer Ingelheim International GmbH (Ingelheim am Rhein, Germany)
Strong Demand for Pharmaceutical Drugs to Kindle Market Growth
The prevalence of various chronic diseases is on the rise owing to the upsurge in geriatric population and inactive lifestyles. This is generating an ever growing demand for therapeutic drugs in this market. As per the Indian Brand Equity Foundation’s (IBEF) examination in June 2021, the Indian pharmaceutical sector was responsible for over 50% of the global demand for numerous vaccines, 40% of U.S. generic brand’s demand as well as U.K’s 25% of all medications demand. The aforementioned factors will bolster the active pharmaceutical ingredient market growth.
Report Coverage
The report presents a systematic study of this market sections and systematic examination of the market overview. A thoughtful assessment of the current market trends as well as the upcoming prospects is offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the market growth.
The COVID-19 impact has been added in the report to aid investors and business experts with an enriched understanding of the conceivable jeopardies existing in the market. The report further discusses the key players and their prominent strategies to stay in the dominating position.
Quick Buy – Active Pharmaceutical Ingredient Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102656
On the basis of type, the global market can be segregated into generic API, and branded API.
Based on type, the market is segmented into generic API and branded API. Whereas by synthesis, the market is divided into synthetic and biological. The market is led by the synthetic API segment, this is owing to the low production price of chemically manufactured API and moderately low cost of the raw materials utilized for the production of synthetic active pharmaceutical ingredients.
North America to Proliferate Led by Increasing Pharmaceutical R&D
North America was worth USD 76.77 billion in 2020 and the region is anticipated to be responsible for holding the highest active pharmaceutical ingredient market share of the global market during the predicted period.
The European region is estimated to perceive an optimistic growth during the forecast period owing to the upsurge in resources for research programs along with existence of major market players in this region.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/active-pharmaceutical-ingredient-api-market-102656
Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Chronic Diseases -2018
- New Product Launches by Key Players
- Recent Industry Developments- Partnerships, Mergers, And Acquisitions
- Therapeutic Applications of the Different Types of Active Pharmaceutical Ingredient
- Global Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Generic API
- Branded API
- Market Analysis, Insights and Forecast – By Synthesis
- Biological API
- Synthetic API
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Rest of World
- North America Industry Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Generic API
- Branded API
- Market Analysis, Insights and Forecast – By Synthesis
- Biological API
- Synthetic API
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
- Europe Active Pharmaceutical Ingredient (API) Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Generic API
- Branded API
- Market Analysis, Insights and Forecast – By Synthesis
- Biological API
- Synthetic API
- Market Analysis, Insights and Forecast – By Country/Sub-region
-
-
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
-
- Asia Pacific Industry Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Generic API
- Branded API
- Market Analysis, Insights and Forecast – By Synthesis
- Biological API
- Synthetic API
- Market Analysis, Insights and Forecast – By Country/Sub-region
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Rest of World Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
-
-
- Generic API
- Branded API
-
- Market Analysis, Insights and Forecast – By Synthesis
-
-
- Biological API
- Synthetic API
-
- Competitive Analysis
- Key Industry Developments
- Global Market Share Analysis (2018)
- Company Profiles (Overview, Products & Services, SWOT analysis, Recent Developments, Strategies, Financials (based on availability))
-
-
- Teva Pharmaceutical Industries Ltd
- AbbVie Inc.
- Abbott
- Aurobindo Pharma
- Cipla Inc.
- Dr. Reddy’s Laboratories Ltd
- Sun Pharmaceutical Industries Ltd
- Amgen Inc.
- Biocon
-
- Mylan N.V.
- Others
Continued…
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd