Active Pharmaceutical Ingredients (API) Market -Global Industry Analysis and Forecast (2022-2029)

Active Pharmaceutical Ingredients (API) Market is expected to grow at a CAGR of 6.53% during the forecast period. Active Pharmaceutical Ingredients (API) Market is expected to reach US$ 278.94Bn. by 2029.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
To know about the Research Methodology :- Request Free Sample Report
Active Pharmaceutical Ingredients (API) Market Dynamics:
An active pharmaceutical ingredient is a biologically active portion of a pharmaceutical drug intended to perform certain pharmacological actions or have prominent effects for the diagnosis, cure, treatment, or prevention of chronic and acute diseases.

The rising prevalence of chronic diseases and increasing uptake of biopharmaceuticals is expected to majorly drive the market growth.

As per data published by the World Health Organization (WHO), chronic disease prevalence is anticipated to rise by 57.0% by the year 2021. The number of people suffering from diabetes in developing countries was 84.0 million in 1995, which is projected to increase by 2.5-fold to 228.0 million in 2029. Chronic diseases include diabetes, obesity, and cardiovascular diseases, cancer, neurological diseases, and other diseases; the rise in prevalence of these diseases are augmenting the demand for treatment that may support the market growth over the forecast period.

Furthermore, augmented demand for rapid-acting & efficient drugs and the emergence of innovative drug manufacturing facilities are expected to assist in market growth during the forecast period.

Loss of drug exclusivity is impeding revenue growth. Patent expiration is accountable for the huge loss for pharmaceutical firms in terms of revenue, which is anticipated to impede the market growth during the forecast period.
Active Pharmaceutical Ingredients (API) Market Segment Analysis:
The biotech APIs segment is expected to register comparatively higher CAGR over the forecast period owing to high R&D for novel biosimilar drugs, escalating demand for protein-based therapeutics, and rising key traditional manufacturers’ focus toward biological drugs.

A surge in prescription rates and drug prices coupled with higher spending on R&D activities are expected to contribute to the dominance of the branded/innovative drugs segment.

The merchant manufacturers segment is expected to witness lucrative market growth. The worldwide rising outsourcing of API/drug molecule formulation from drug manufacturers in order to eliminate the need for heavy investment in manufacturing processes has increased the growth of the segment.
Active Pharmaceutical Ingredients (API) Market Regional Insights:
North America is expected to hold a substantial market share over the next ten years owing to the presence of favorable government initiatives, changing lifestyles leads to the development of diseases, rising investment in R&D, and technological developments in drug manufacturing processes.
Active Pharmaceutical Ingredients Market Research Methodology:
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply sides were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the market value for the active pharmaceutical ingredients market.
Active Pharmaceutical Ingredients Market Key Target Audience:
• Healthcare companies
• Corporate healthcare entities
• Government agencies
• Market research and consulting firms
• Venture capitalists
• Technical Students
Active Pharmaceutical Ingredients (API) Market, Key Highlights:
• Active Pharmaceutical Ingredients (API) Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Active Pharmaceutical Ingredients (API) Market

• Active Pharmaceutical Ingredients (API) Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Active Pharmaceutical Ingredients (API) Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Active Pharmaceutical Ingredients (API) Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Active Pharmaceutical Ingredients (API) Market are also profiled.
Scope of the Active Pharmaceutical Ingredients Market Report: Inquire before buying



Global Active Pharmaceutical Ingredients Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 168.17 Bn.


Forecast Period 2022 to 2029 CAGR:
6.53%
Market Size in 2029:
US $ 278.94 Bn.


 Segments Covered:
by Synthesis Type
• Biotech
• Monoclonal Antibodies
• Recombinant Proteins
• Vaccines
• Synthetic


by Drug Type
• Branded Drugs
• Generic Drugs
• Over-the-counter (OTC) Drugs


by Manufacturer Type
• Captive Manufacturers
• Merchant Manufacturers


by Therapeutic Area
• Cardiology
• Pulmonology
• Opthalmology
• Neurology
• Oncology
• Orthopedics
• Others



Active Pharmaceutical Ingredients Market, by Geography
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• MEA
• South Africa
• Saudi Arabia
• Rest of MEA
Active Pharmaceutical Ingredients Market Geographic Analysis:
• Breakdown of North America Active Pharmaceutical Ingredients Market
• Breakdown of Europe Active Pharmaceutical Ingredients Market
• Breakdown of Asia Pacific Active Pharmaceutical Ingredients Market
• Breakdown of Latin America Active Pharmaceutical Ingredients Market
• Breakdown of MEA Active Pharmaceutical Ingredients Market
Active Pharmaceutical Ingredients Market, Key Players
• AbbVie Inc. 
• Bristol-Myers Squibb Company
• Boehringer Ingelheim GmbH
• Cipla Inc.
• Merck & Co., Inc.
• Eli Lilly and Company
• Mylan N.V.
• Teva Active Pharmaceuticals Industries Ltd.
• Aurobindo Pharma
• Sun Pharmaceutical Industries, Ltd.
• Dr. Reddy’s Laboratories Ltd.
• Albemarle Corporation
• Viatris Inc.
• Pfizer Inc.
• Novartis International AG
• F. Hoffmann-La Roche AG
• AstraZeneca
• GlaxoSmithKline plc
• Actavis plc
• Hospira Inc.
• BASF SE.

Frequently Asked Questions:

1. Which region has the largest share in Global Active Pharmaceuticals Ingredients market?
Ans: Asia Pacific region holds the highest share in 2021.

2. What is the growth rate of Global Active Pharmaceuticals Ingredients market?
Ans: The Global active pharmaceuticals ingredients Market is growing at a CAGR of 6.53% during forecasting period 2022-2029.

3. What is scope of the Global Active Pharmaceuticals Ingredients market report?
Ans: Global active pharmaceuticals ingredients Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the study period of this market?
Ans: The Global active pharmaceuticals ingredients Market is studied from 2021 to 2029.