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Global Active Pharmaceutical Ingredient Market Size Analysis to 2025, key Players-ioniche Animal Health (Canada), Boehringer Ingelheim (Germany), Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Limited, Bayer Healthcare (Germany), Meria
Active Pharmaceutical Ingredient Market
Active Pharmaceutical ingredient (API) is a part of any drug or medicine that produces some effects, including few drugs or medicines that have combinations. Some multiple active ingredients are used to treat different symptoms in different ways. They are produced using high technological industrial processes both during the research & development phase and commercial production phase. There are different types of combinations used for the production of the drugs or medicines in the market. The active pharmaceutical ingredients market was valued at USD XX million in 2017, increasing at a CAGR of XX% during the forecast period till 2025.
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Global Active Pharmaceutical Ingredient Market Drivers and Restraints: Major factors that are driving the market growth are rising incidences of all kinds of diseases, and the geriatric population in the developing countries. However, the cost of improving the process design and strict FDA regulations and approvals can hinder the active growth opportunities. Other factors driving this market are huge impact from pharmaceutical industry, increasing adoption of biological and biosimilars, and rising prevalence of chronic disease. The quality of APIs has a significant effect on the efficacy and safety of medications. Poorly manufactured or compromised APIs have been connected to serious issues, even leading to death. Other factors affecting this market are the drug price control policies across various countries, large capital investment, production cost, and the fierce competition between the manufacturers.
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Global Active Pharmaceutical Ingredient Market Geographical Segmentation: The Asia-Pacific is expected to register a high growth rate compared to other regions during the forecasted period due to factors such as increasing healthcare expenditures, growing aging elderly population and the huge patient pool, and rising economies in this region. China is considered as the leader in API manufacturing in the APAC region. There are many domestic companies involved in the manufacturing and supplying of API all over the world. China exports the major share of its domestically produced API around the world. The Japanese Ministry of Health, Labor, and Welfare (JMHLW) have taken measure to reduce the healthcare expenditure and decided to promote the use of generic drugs.
Some of the prominent players of the Global Active Pharmaceutical Ingredient Market are:
ioniche Animal Health (Canada), Boehringer Ingelheim (Germany), Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Limited, Bayer Healthcare (Germany), Merial Inc. (Sanofi) (France), Elanco Animal Health (U.S.), Merck Animal Health (U.S.), Ceva Animal Health, Inc., Dr. Reddy's Laboratories Ltd., Novartis International AG, Ranbaxy Laboratories, Virbac, Zoetis (U.S.), Pfizer, Inc, Aurobindo Pharma Ltd., and Heska Co. (U.S.)
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