The global Active Pharmaceutical Ingredients (API) Market is anticipated to grow significantly throughout the forecast period of 2021 to 2028, with a stable compound yearly growth rate (CAGR) of 6.9%. By 2028, the market is expected to be valued at over $334 billion. The increasing use of biologics in disease management, increased regulatory approvals, the patent expirations of important medications, the growing trend of outsourcing API manufacture, and the rise in the world’s geriatric population are only a few of the important reasons that have contributed to the market expansion.
The growing use of biologics in the management and treatment of numerous diseases is boosting demand for active medicinal components. Biologic medications, which are made from live organisms, provide targeted and individualised treatments for chronic illnesses, autoimmune diseases, and cancer. Because of this, there is an increasing demand for premium active pharmaceutical ingredients to help in the manufacturing of these biologics. The biologics market’s expansion as well as improvements in manufacturing techniques are fueling the API market’s expansion.
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The market for active pharmaceutical components is also expanding as a result of the rising number of new pharmaceuticals receiving regulatory approval. Rigid review procedures as a result of strict regulatory standards for drug safety and efficacy have increased the time it takes for new drugs to reach the market. Pharmaceutical firms are concentrating on API development and manufacturing as a result to speed up the medication development process. Additionally, the patent expiration of well-known medications has given generic producers new opportunities, increasing demand for active pharmaceutical ingredients.
Highlighted with 146 tables and 104 figures, this 254-page report “Global Active Pharmaceutical Ingredients (API) Market 2021-2028 by Synthesis (Synthetic, Biotech, HPAPI), Manufacturing Process (Captive, Merchant), Therapeutic Application, Drug Type, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global active pharmaceutical ingredients market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2028 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
View Report Scope and Latest Developments in the Market: https://www.marketwatch.com/press-release/global-active-pharmaceutical-ingredients-api-market-2032-by-synthesis-synthetic-biotech-hpapi-manufacturing-process-captive-merchant-therapeutic-application-drug-type-and-region-2023-06-03?mod=search_headline
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
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The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global active pharmaceutical ingredients market in every aspect of the classification from perspectives of Synthesis, Manufacturing Process, Therapeutic Application, Drug Type, and Region.
Based on Synthesis, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2018-2028 included in each section.
Synthetic API
- Branded Synthetic API
- Generic Synthetic API
Biotech API by Drug Type:
- Monoclonal Antibodies
- Recombinant Proteins
- Vaccines
- Other Biotech APIs
Biotech API by Customer Base:
- Innovative Biologic API
- Generic Biosimilar API
Biotech API by Expression Technology:
- Mammalian Expression
- Microbial Expression
- Yeast Expression
- Insect Expression
- Other Expression Technologies
HPAPI
- Branded HPAPI
- Generic HPAPI
Based on Manufacturing Process, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2018-2028 included in each section.
Captive Manufacturing
- Branded Captive API
- Generic Captive API
Merchant Manufacturing by Drug Type:
- Branded Merchant API
- Generic Merchant API
Merchant Manufacturing by Drug Synthesis:
- Merchant Synthetic API
- Merchant Biotech API
By Therapeutic Application, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2018-2028 included in each section.
- Infectious Diseases
- Oncology
- Ophthalmology
- Cardiovascular Disorders
- Central Nervous System
- Pulmonary Disorders
- Orthopedics
- Other Applications
By Drug Type, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2018-2028 included in each section.
- Branded Prescription Drugs
- Generic Prescription Drugs
- OTC Drugs
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Indonesia, Malaysia, New Zealand, Singapore, Thailand, and Vietnam)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ bn) are available for 2018-2028. The breakdown of all regional markets by country and split of key national markets by Synthesis, Manufacturing Process, and Therapeutic Application, over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AbbVie Inc.
Astrazeneca
Aurobindo Pharma Ltd.
BASF
Bayer AG
Boehringer Ingelheim
Catalent Inc.
Dr. Reddy’s Laboratories
- Hoffmann-La Roche
GlaxoSmithKline plc
Lonza Group
Lupin Limited
Merck & Co., Inc.
Mylan NV
Novartis International AG
Pfizer Inc.
Sanofi
Sun Pharmaceutical Industries Ltd.
Teva Pharmaceutical Industries Ltd.
Thermo Fisher Scientific
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