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The global active pharmaceutical ingredients market analyst says 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 labour costs are the major factors that have contributed to the increased competence of vendors in these countries.Complete report on active pharmaceutical ingredients market spread across 60 pages, analyzing 5 major companies and providing 47 data exhibits are now available at http://www.reportsnreports.com/reports/783688-global-active-pharmaceutical-ingredients-market-2017-2021.html
According to the active pharmaceutical ingredients market 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.
In 2016, the Americas accounted for around 42% in the active pharmaceutical ingredients market. The APIs market in the Americas is growing due to the high demand for generic drugs, especially in the US. Patent expiries of blockbuster drugs are also expected to contribute to the market growth. The active pharmaceutical ingredients market in APAC is expected to grow considerably during the forecast period, which can be due to the presence of many vendors that offer generic APIs. In addition, the availability of cheap labour and the presence of many manufacturing facilities, especially in China, India, Japan, and South Korea will also influence the market growth.
The following companies are 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. Order a copy of Global Active Pharmaceutical Ingredients Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=783688
Global Active Pharmaceutical Ingredients Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
Further, the active pharmaceutical ingredients market 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.
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