GLOBAL ACTIVE PHARMACEUTICAL INGREDIENTS MARKET FORECAST 2019-2027
There are various chemicals that are contained within the drugs and the portion that catalyzes in treating the condition, i.e., the active part is known as the 'active pharmaceutical ingredients' or API. The growing rate of geriatric population and the subsequent rising incidences of age-related diseases are driving the demand of the active pharmaceutical ingredients in the market.
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The global active pharmaceutical ingredients (APIs) market is anticipated to generate revenue of $XX billion by 2027 and is expected to proliferate at a CAGR of 6.10% through the forecasting years of 2019-2027.
MARKET INSIGHTS
As mentioned earlier, the growing demand for drugs to treat the aging population will primarily boost market growth during the forecast period.The applications of active pharmaceutical ingredients and APIs synthesis market are very versatile.
The cardiovascular disease, oncology, CNS and neurological disorders, orthopedic disorders, endocrinology, pulmonology, gastrointestinal disorders, nephrology, ophthalmology, and other application employ the APIs for their respective treatment.
The high amount of investment and production cost and aggressive competition among API manufacturers are the major factors hindering the active pharmaceutical ingredients market.API manufacture requires sophisticated infrastructure, and thus it is capital intensive.
API giants are employing strategies to distinguish themselves, which is further escalating the competition in the market.
REGIONAL INSIGHTS
The global active pharmaceutical ingredients market has been segmented on the basis of four major geographical regions, namely,
The active pharmaceutical ingredients market in
COMPETITIVE INSIGHTS
Companies mentioned
1. ABBVIE, INC.
2. ALBEMARLE CORPORATION
3. AUROBINDO PHARMA
4. BAYER AG
5.
6. BRISTOL-MYERS SQUIBB
7. CIPLA
8. DR. REDDY'S LABORATORIES
9. ELI LILLY AND COMPANY
10.
11. MERCK & CO., INC.
12. MYLAN N.V.
13. NOVARTIS
14. SUN PHARMACEUTICALS INDUSTRIES, LTD.
15. TEVA PHARMACEUTICAL INDUSTRIES LTD.
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