The global active pharmaceutical ingredient (API) market is estimated to grow at a CAGR of 4.93% during the forecast period 2018-2023. The global market is expected to register a market value of $215,125.4 million by 2023 considering base amount as $161,143.2 million in 2017. The global active pharmaceutical ingredient (API) market research study is an overview of the active pharmaceutical ingredient (API) and pharmaceutical industrial.
The major factors driving the market growth is rising prevalence of chronic diseases, growing importance of generics and growth in abbreviated new drug applications (ANDA) are supporting the growing importance of generics. Cardiovascular diseases are the most prevalent cause of death globally. For instance, the U.S., among ~92.1 million adults, a person suffers with at least a type of cardiovascular disease in 2017, as per the report provided by Centers for Disease Control and Prevention (CDC). However, adverse drug price control policies and stringent regulatory policies are some factors hampering the market growth over the forecast period. The comprehensive analysis of the market drivers and challenges of the active pharmaceutical ingredient (API) industry is provided in detail in the market research report.
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Overview of the market segmentation of the global active pharmaceutical ingredients market
The global active pharmaceutical ingredients market is segmented by manufacturing process, by type of synthesis, by API formulation, by application, by molecule.
Manufacturing Process segment is further segmented into:
- Contract Manufacturing
- Captive Manufacturing
API Formulation segment is further segmented into:
- Innovative API
- Generic API
Application segment is further segmented into:
- Oncology
- Cardiovascular Diseases
- Neurological Disorders
- Respiratory
- Orthopedic Disorders
- Urology
- Gastrointestinal Disorders
- Others
Synthesis segment is further segmented into:
- Biotech
- Synthetic
Molecule segment is further segmented into:
- Small Molecule
- Large Molecule
Overview of the market players in the Global Active Pharmaceutical Ingredients Market
The key players present in the market are profiled and analyzed in detail. Some of the major market players are Abbott Laboratories, Bayer AG, Boehringer Ingelheim GmbH, Eli Lilly and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline Plc (GSK), Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi, Teva Pharmaceutical Industries Ltd. and others. The company profiling include in the research report shows detailed insights about the companies’ role in the market by analyzing company’s financial performance, strategic developments and company’s product line were discussed in detail. The key strategies adopted by market players include mergers and acquisitions, partnerships, collaborations, business expansion, and other competitive strategies.
Geographical overview of the Global Active Pharmaceutical Ingredients Market
The global Active Pharmaceutical Ingredients market is segmented into regions to understand the market scenario in depth. The global market is segmented into:
- Americas (North America, US, Canada and South America)
- Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
- Asia-Pacific (India, China, Japan, Australia, Republic of Korea and Rest of Asia-Pacific)
- Middle East & Africa (Middle East & Africa)
The Americas region is expected to hold dominant position in the market and expected to grow at a CAGR of 4.74% by 2023. Whereas, the Asia-Pacific is analyzed to grow at fastest rate and expected to witness a CAGR of 5.27% by 2023.
Some of the key topics covered in the report include:
- Report Prologue
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Active Pharmaceutical Ingredients Market, by Manufacturing Process
- Global Active Pharmaceutical Ingredients Market, by Type of Synthesis
- Global Active Pharmaceutical Ingredients Market, by API Formulation
- Global Active Pharmaceutical Ingredients Market, by Application
- Global Active Pharmaceutical Ingredients Market, by Molecule
- Global Active Pharmaceutical Ingredients Market, by Region
- Competitive Landscape
- Company Profiles
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