December 30, 2020

Active Pharmaceutical Ingredient Market Will Reach US$ 285.5 Bn by 2027

Active Pharmaceutical Ingredient Market (By Synthesis: Biotech, Synthetic; By Type: Generic API, Innovative API; By Type of Manufacturer: Captive, Merchant; By Application: Cardiology, CNS & Neurology, Nephrology, Ophthalmology, Pulmonology, Gastroenterology, Oncology, Endocrinology, Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

The global Active Pharmaceutical Ingredient Market Size is projected to reach USD 285.5 billion by 2027, with a compound annual growth rate (CAGR) of 6.82%% during the forecast timeline 2020 to 2027. Our reports on Active Pharmaceutical Ingredient market provide a holistic analysis, industry size, share, market trends, growth drivers, challenges and forecast, top vendor analysis covering around 15+ vendors.

This research report evaluates Active Pharmaceutical Ingredient Market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global Active Pharmaceutical Ingredient Market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2019 along with a forecast from 2020 to 2027 based on value.

Active Pharmaceutical Ingredient (API) is the portion of drug that generates intentional effects. APIs are biologically and chemically active constituents of medicines with direct effect in mitigation, prevention, cure and treatment of diseases. Some of the medicines like combination therapies have many active ingredients to treat diverse symptoms or perform in numerous ways. Active Pharmaceutical Ingredient has active ingredient that is contained in medicine. For illustration, an active ingredient to reduce pain is incorporated in a painkiller. A slight amount of the active ingredient has result thus only small part of the active ingredient is confined in medicine.

Companies use certain principles to regulate strength of the API in all drugs. Nevertheless, these standards may vary extensively from one brand to other. Every brand may employ diverse test methods that may result in dissimilar potencies. Although many pharmaceutical firms are located in the U.S. and England, numerous API manufacturers are also located overseas. The biggest are situated in Asia Pacific, predominantly in India and China. Increasing numbers of organizations are outsourcing to curtail costs on employees, costly equipment, and infrastructure.

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Growth Factors

Continuously growing prevalence of chronic illness, escalating significance of generics, and the cumulative uptake of biopharmaceuticals are some of the prime factors stimulating the growth of the active pharmaceutical ingredient market globally. Alternatively, the critical drug price control policies in numerous nations and the swelling diffusion of counterfeit drugs may hamper the growth of API market in these nations during next few years. As per, 2017 NCBI article on a survey directed in a tertiary hospital in Japan, about 339 bacteremia UTI cases were identified. Thus, escalating occurrence of such infectious sickness and hospital-acquired contaminations are projected to stimulate growth of API market in the nearby future.

Some of the prime factors spurring the growth of the market are increasing occurrences of cardiovascular, oncology, lifestyle and diabetes diseases, intensifying number of diagnostic centers and hospitals and escalating elderly population in emerging countries. Furthermore, cumulative healthcare spending, growing disease responsiveness and education are propelling the growth of the market. Conversely, a shortage of accomplished workforce and inadequate accessibility of drugs in the emerging nations are hampering the growth of the market in these regions.

Report Highlights

  • Some of the tactical initiatives commenced by many business players to sustain stability in the market are biological products, new drugs launches, collaborations, acquisitions, and geographical expansion.
  • Oncology is projected to be the fastest-growing segment driven by developing pervasiveness of cancer and cumulative lifestyle-associated sicknesses.
  • In the event of outsourcing, APIs are subject to strict regulations and omission from the nation they are shipped to. For example, API manufacturing plants abroad still go via an scrutiny by the U.S. Food & Drug Administration.
  • API market has observed marvelous growth since last few decades due to augmented application of biologics and drugs in the treatment of diseases.

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Regional Snapshots

In 2019, North America conquered the global market on account of high economic development plus widespread technological innovations in the region. Snowballing pervasiveness of cancer and other lifestyle-related illnesses inspires R&D undertakings by crucial market participants, thus enhancing the growth of the market. Asia Pacific is anticipated to record fastest growth in the market throughout the estimate period. On account of obtainability of affordable labor, foremost corporations in the market are setting up API business plants in emerging nations such as India and China.

Key Players & Strategies

Numerous companies are concentrating on widespread R&D for the development of drugs explicit to novel biomarkers. There are several APIs in the market for tumor treatment like Imatinib by Novartis and Trastuzumab, Bevacizumab, and Rituximab by Roche. Inorganic growth via acquisition and merger are some of the crucial tactics accepted by top business players since past few years. For example, Ranbaxy acquired Sun Pharmaceutical, to aid company appear as India’s uppermost drug manufacturer. Correspondingly, Hospira acquired API manufacturing facility and related R&D capacity of Orchid Chemicals & Pharmaceuticals Ltd. in July 2014.

Boehringer Ingelheim collaborated with Solve Care-an Estonian block-chain healthcare company to produce a Diabetes Care Administration Network In June 2019. The digital mode is intended at streamlining management tactics for patients with type 2 diabetes. This platform will allow patients to interconnect with healthcare suppliers, co-ordinate with specialists, comprehend their insurance, and access precise records.

Prominent players operating in this market are Pfizer, Inc., Dr. Reddy's Laboratories, Teva Pharmaceutical Industries Ltd., Mylan N.V., Novartis AG, Sun Pharmaceutical Industries Ltd., Actavisplc, BASF SE., Lonza Group AG, and Hospira Inc. among others.

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Market Segmentation

By Type of Manufacturer

  • Merchant APIs
  • Captive APIs

By Type

  • Generic APIs
  • Innovative APIs

By Type of Synthesis

  • Biotech
  • Synthetic

By Application

  • Orthopedic
  • Pulmonology
  • Gastroenterology
  • Endocrinology
  • Cardiology
  • Oncology
  • CNS & Neurology
  • Nephrology
  • Ophthalmology
  • Others

By Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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