Active Pharmaceutical Ingredients (API) Market size was worth at USD 134.2 billion in the year 2015 which is anticipated to reach a value of USD 239.8 billion by 2025, with CAGR of 6.0%. Rising prevalence of chronic diseases such as neurological diseases, cardiovascular diseases, can lead to the growth.
The key drivers can be the rising demand of efficient and rapid acting drugs and introduction of innovative drug production facility. Major key players are choosing for outsourcing the product from the developing regions such as India, Brazil and China, which also anticipated to drive the market.
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Based on synthesis type, the market is categorized into synthetic and biotech. Various methods are adopted by the manufacturing companies depending up on the complexity of the molecule required. Synthetic drugs are manufactured on the basis of organic chemistry in contrast to biotechnology based drugs, which are produced by utilizing molecular techniques. Further classification of biotech segment is recombinant proteins, monoclonal antibodies and vaccines.
In 2015, synthetic segment held the largest share. The key factors for the biotech APIs segment growth are large R&D investment for new biosimilars, increasing demand for protein-based medicines, and rising focus of key manufacturers toward biological drugs.
Manufacturer Type Insights
Based on the type of manufacturer, it is categorized into outsourced or merchant or in-house or captive APIs. According to market estimates, in 2015, in-house APIs was the largest segment and outsourced APIs are anticipated to be the fastest growing market.
All pharmaceutical companies does not have separate unit for the formulation of API. This has led to rise in the outsourcing of the molecules from the production sites. The need of investment in expensive production processes is eliminated by the outsourcing.
Cancer, neurological disorders & CNS, endocrinal disorders and cardiovascular diseases are some of the major applications of the API. In 2015, CVD (cardiovascular diseases) dominated the market owing to its high rate of prevalence and high product availability. CVD has been reported as the major cause of death in the U.S since many years.
In addition, oncology is expected to be the fastest-growing segment and is estimated to witness the CAGR of 7% owing to high number of products waiting approval. Moreover, increasing prevalence of cancer worldwide is anticipated to further boost market.
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Market Segment:
API Type of Synthesis Outlook (Revenue, USD Billion, 2014 - 2025)
- Biotech
- Monoclonal antibodies
- Recombinant proteins
- Vaccines
- Synthetic
API Type of Manufacturer Outlook (Revenue, USD Billion, 2014 - 2025)
- Captive APIs
- Merchant APIs
API Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Generic APIs
- Innovative APIs
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Industry OVERVIEW OF Active Pharmaceutical Ingredients(API) MARKET 2020 TO 2026:The market intelligence report on the Global Active Pharmaceutical Ingredients(API) Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The Global Active Pharmaceutical Ingredients(API) Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.
Additionally, the report also gives a historical analysis of the market to use that data to predict future growth trends.In market segmentation by manufacturers, the report covers the following companies-Pfizer, Novartis International, Sanofi, Boehringer Ingelheim, Bristol-Myers Squibb, Teva Pharmaceutical, Eli Lilly and Company, GlaxoSmithKline, Merck & Co, AbbVie, Johnson & Johnson, Bayer, Sun Pharmaceutical Industries, DSM, Hisun Pharmacy, Huahai Pharmaceutical, North China Pharmaceutical Group, Shandong Lukang Pharmaceutical, Haerbin Pharmaceutical Group, Shandong Xinhua Pharmaceutical, Jiangsu Hengrui Medicine, Lonza Group, Aurobindo Pharma, Lupin, Biocon, OthersFurthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
The report has been created after analyzing its essential information in the overall Global Active Pharmaceutical Ingredients(API) market 2020, the vital market aspects influencing the market growth in the coming years.
Our team of expert analysts has scrutinized the Active Pharmaceutical Ingredients(API) market report by referring to the data provided by leading companies.In market segmentation by types of Active Pharmaceutical Ingredients(API), the report covers-Synthetic APIsBiotech APIsOthersIn market segmentation by applications of the Active Pharmaceutical Ingredients(API), the report covers the following uses-OncologyDiabetesCardiovascular DiseaseCNS and Neurological DisordersEndocrinologyOtherThe following years are used in this study to estimate the size of the Active Pharmaceutical Ingredients(API) market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.
It also discusses the supply-demand dynamics and key participants with vital business intelligence and helps them with a research-backed forecast for the global Active Pharmaceutical Ingredients(API) market.The evaluation includes the forecast, a summary of the competitive landscape, the market shares of competitors, as well as the market trends, demands, opportunities and challenges existing in the sector, and elaborate product analysis.
The global Active Pharmaceutical Ingredient (API) market size was worth at USD 134.2 billion in the year 2015 which is anticipated to reach a value of USD 239.8 billion by 2025, with CAGR of 6.0%.
Expiration of patent results in increasing focus for development of generic versions of the molecules.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/active-pharmaceutical-ingredients-api-market/request-sample Synthesis Type Insights Based on synthesis type, the market is categorized into synthetic and biotech.
In 2015, synthetic segment held the largest share.
Manufacturer Type Insights Based on the type of manufacturer, it is categorized into outsourced or merchant or in-house or captive APIs.
Owing of high rate of prescription, high drug development initiatives, and high price, the innovative APIs segment dominated in 2015.
Global Duloxetine API Market” that contains the information from 2015 to 2023.
Active pharmaceutical ingredients (APIs) are used in the manufacturing of pharmaceutical dosage forms such as tablets and capsules.
Additionally, duloxetine API is used to help relieve neuropathic pain in people with diabetes or ongoing pain due to disease conditions such as arthritis, fibromyalgia, and chronic back pain.The factors such as the rising prevalence of depression, growing penetration of generic drugs, growing cases of anxiety, the growing trend of outsourcing, strong drug pipeline, and increasing demand for newly developed small molecule drugs are expected to drive the market growth during the forecast period.Segment analysisThe global duloxetine API market has been segmented into application.
In this region, North America is expected to dominate the market owing to the increasing incidence of chronic diseases such as psychological disorders, diabetes, increasing government focus on generic drugs, and technological advancements in the manufacturing processes of APIs.
In Europe, the market growth is majorly due to the increasing pharmaceutical sector.
In this region, Japan accounted for a market share of 13.7% in 2017.
The global active pharmaceutical ingredients market was valued at US$ 162,000.0 Mn in 2017 and is projected to expand at a cumulative annual growth rate (CAGR) of 5.4% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Global Active Pharmaceutical Ingredients (API)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2028.’ The report suggests that increase in the use of pharmaceuticals globally is estimated to boost the active pharmaceutical ingredients market between 2018 and 2026.
The market in Europe is projected to expand at a moderate growth rate of 5.0% during the forecast period.
In addition, health care companies are striving to cut hospitalization costs while offering better services to patients in the country.Read Report Overview - https://www.transparencymarketresearch.com/active-pharmaceutical-ingredients.htmlIncrease in Government Prioritization of Biomedical Innovation Globally to Fuel MarketGovernments across the world have prioritized biomedical innovation.
Drugs approved by the FDA are used for the treatment of relapsed or refractory acute lymphoblastic leukemia, relapsed breast cancer, moderate-to-severe plaque psoriasis, advanced or metastatic urothelial carcinoma, acute bacterial skin infections, Chagas disease, open-angle glaucoma or ocular hypertension, type 2 diabetes mellitus, and septic or other distributive shock.
Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1690Increase in the Incidence of Acute and Chronic Diseases Globally to Fuel MarketRise in the prevalence of cancer, cardiovascular diseases, and diabetes; sedentary lifestyles; and a rise in the aging population are key factors driving the active pharmaceutical ingredients (API) market.
High degree of competition and reduced profitability are the key factors attributed to the increased preference for outsourcing API production over in-house API manufacturing.The Synthetic Chemical API Segment is Projected to Lead the Active Pharmaceutical Ingredients MarketAround 66.0% of the APIs currently available in the market constitute synthetic chemical APIs, popularly known as small molecules.
