Active Pharmaceutical Ingredient Market Size to Reach US$ 285.5 Bn, Globally, by 2027

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The global active pharmaceutical ingredient market size is likely to reach USD 285.5 billion by the end of 2027 and is expected to grow at a compound annual growth rate (CAGR) of 6.82% during the forecast period 2020 to 2027. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, market share analysis, potential challenges, profitability graph and the overall market environment.

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.

Key Market Players and 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.

Some of the noteworthy companies in the active pharmaceutical ingredient market include:

  • Albemarle Corporation
  • AurobindoPharma
  • Reddy's Laboratories Ltd.
  • AbbVieInc
  • Teva Pharmaceutical Industries Ltd
  • Mylan N.V.
  • CiplaInc
  • BoehringerIngelheim International GmbH
  • Merck & Co., Inc
  • Sun Pharmaceutical Industries Ltd
  • Bristol-Myers Squibb Company

Market Segmentation

By Type of Manufacturer

  • Merchant APIs
  • Captive APIs

By Type

  • Generic APIs
  • Innovative APIs

By Type of Synthesis

  • Biotech
    • Recombinant Proteins
    • Monoclonal Antibodies
    • Vaccines
  • Synthetic

By Application

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

Regional Segmentation

  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia, Korea and Rest of Asia Pacific)
  • Latin America (Brazil and Rest of Latin America)
  • The Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

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.

Why should you invest in this report?

If you are aiming to enter the global active pharmaceutical ingredient market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for active pharmaceutical ingredient are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Data points covered under active pharmaceutical ingredient market research study:

  • The historic and forecast market estimation from years 2016 to 2027
  • Market estimation and research analysis for the global market by distribution channel
  • Market estimation and research analysis for the global market by region
  • Research analysis on market dynamics including drivers, restraints, opportunities, trends, and market challenges.
  • Competitive scenery and business strategies by key players
  • SWOT Analysis
  • PORTER's five force research analysis
  • PEST Analysis
  • DR impact analysis
  • Heat map analysis
  • Investment feasibility analysis

Key Questions Answered by the Report:

  • What will be the size of the global active pharmaceutical ingredient market in 2027?
  • What is the expected CAGR for the active pharmaceutical ingredient market between 2020 and 2027?
  • Which are the top players active in this global market?
  • What are the key drivers of this global market?
  • How will the market situation change in the coming years?
  • Which region held the highest market share in this global market?
  • What are the common business tactics adopted by players?
  • What is the growth outlook of the global active pharmaceutical ingredient market?

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