The Global Active Pharmaceutical Ingredients (API) Market is expected to reach an estimated valuation of USD 215.12 Bn by the end of 2023, recording steady CAGR of over 4% during the forecast period (2018-2023).
— Active Pharmaceutical Ingredients Market Scenario:
MRFR’s outlook towards the worldwide active pharmaceutical ingredient (API) market remains positive with a 4.93% CAGR forecast for the next five years. In terms of clinical efficacy and value, APIs have become an important component in the healthcare sector. The emergence of novel therapeutics coupled with development of advanced delivery systems is likely to create lucrative market opportunities for APIs in the forthcoming years. The growing trend towards personalized medicines is also influencing the API market landscape. In addition, increased focus towards reducing overall cost of manufacturing and supply chain consolidation are some of the other reasons behind the dramatic growth of APIs in recent years.
This report delivers an analysis of the global active pharmaceutical ingredient (API) market through a holistic angle. The report users will find a deep correlation between market forecasts and market dynamics. As a part of the analysis, key drivers, trends, opportunities and restraints influencing the growth of the market were also discussed in the report. Users will come across an exhaustive market revenue analysis in the report, which will enable them to gain a deeper understanding of the current market scenario. The key market segments studied are based on manufacturing process, type of synthesis, API formulation, application and molecules. For region-wise analysis of the market, regions such as North America, South America, Asia Pacific (APAC), Europe and the Middle East and Africa (MEA) were considered. Cross-sectional econometric data was used for region-wise market sizing.
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On the basis of manufacturing process, captive manufacturing and contract manufacturing are the two market segments analyzed for evaluating the overall market value. By type of synthesis, the market has been bifurcated into synthetic and biotech. By API formulation, key market segments covered include generic API and innovative API. By application, the market has been segmented into cardiovascular disease, oncology, neurological disorders, orthopedic disorders, respiratory, gastrointestinal disorders, urology and others. Estimations were also made by analyzing the market on the basis of molecule, which include small molecule and large molecule.
Sanofi, Bayer AG, Pfizer Inc., F. Hoffmann-La Roche AG, Abbott Laboratories, Merck & Co., Inc., Boehringer Ingelheim GmbH, GlaxoSmithKline Plc (GSK), Novartis AG, Eli Lilly and Company and Teva Pharmaceutical Industries Ltd. Profiles of the companies mentioned above are included in the report. Company profiling covered revenue analysis, segmental share, geographical dominance, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives.
The research methodologies used in this report include a specific structure tailored for the relevant field of study. Our data analysts implement both primary and secondary data to answer all pertinent research questions accurately. Primary data collection includes first-hand interviews with management & operational level participants in the industry, while secondary data collection uses credible sources to verify primary data and make meaningful observations on various factors affecting the market. Our market estimation and validation employ top-down and bottom-up approaches to ensure reliability. Our analysts to promote an objective, intelligent and precise representation of the current market, have exhaustively studied every relevant parameter.
Base Year- 2017
Projection Period- From 2018 to 2023
Market Denomination- USD Million
Conversion Rate- Considered as per the respective financial years
Active pharmaceutical ingredient (API) manufacturers
Suppliers and distributors
Raw material suppliers
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By Manufacturing Process
By Type of Synthesis
By API Formulation
North America (The U.S., and Canada),
Europe; Western Europe (Germany, France, the UK, Italy, Spain, and Rest of Western Europe, Eastern Europe
Asia Pacific (APAC); Japan, China, India, Australia, Republic of Korea and Rest of Asia Pacific
The Middle East & Africa (MEA)
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Release ID: 377576