Active Pharmaceutical Ingredients Market: Current Market Trends and Industry Potential for Future Growth

Active Pharmaceutical Ingredients are chemically and biologically active components of drugs with direct effect in cure, mitigation, treatment and prevention of diseases. The global API market has witnessed tremendous growth over the last few decades owing to the increased use of drugs and biologics in the treatment of diseases. The increasing adoption of quality standards in API manufacturing such as Good Manufacturing Practices (GMP), current GMP (cGMP), and the global adoption of International Conference on Harmonisation (ICH) guidelines, have helped improve the safety standards.

The Active Pharmaceutical Ingredients (API) Market is segmented on the basis of API type, drug type, manufacturers, therapy area and geography. On the basis of type of API, the market is segmented into, Chemical API and Biological API. The market is further segmented on the basis of type of drugs into; innovative, generic and Over-the-counter (OTC) drugs. According to market players, the market is segmented into Captive (In-house) manufacturer and Merchant (contract) manufacturer. The market is also segmented on the basis of therapy area into; Oncology Drugs, Non-steroidal Anti-inflammatory Drugs, Cardiovascular Drugs, Anti-diabetic Drugs, Neurology Drugs, Musculoskeletal drugs and others.

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On the other hand, the API industry is facing the challenges such as, shortening the development time, reducing the cost of development, improving the process design and meeting the quality standard without compromising on the profitability. The global API market is likely to be impacted by a large number of innovative drugs going off patent in the recent years.

There is an impending need for technological innovations to maintain the profitability in high volume and a low value environment. The major factors driving the market growth are, rising incidences of oncology, cardiovascular, diabetes and lifestyle diseases, rising number of hospitals and diagnostic centers, rising geriatric population in developing countries, increasing healthcare expenditure, increasing disease awareness and education.

KEY MARKET BENEFITS:

• Comprehensive analysis of factors that drive and restrict the growth of the Active Pharmaceutical Ingredients (API) Market is provided

• The report provides a comprehensive analysis of the current market and estimations through 20142020, which would enable the stakeholders to capitalize on prevailing market opportunities

• The projections in the report are made considering the current market trends and market potential for the period of 2014-2020, in terms of value

• An in-depth analysis of key segments of the market demonstrate the
types of API along with drugs, manufacturers and therapy areas in the global API market

• SWOT analysis enables to study the internal environment of the leading companies for strategy formulation

• Region-wise Active Pharmaceutical Ingredients (API) market scenario is comprehensively analyzed in the report

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Analyst review :

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

Top key players :

• Novartis AG
• Sun Pharmaceutical Industries Ltd.
• Pfizer Inc.
• Teva Pharmaceutical Industries Ltd.
• Mylan N.V.
• Dr. Reddy's Laboratories
• Actavis plc
• Lonza Group AG
• Hospira Inc.
• BASF SE.

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