Global Active Pharmaceutical Ingredients (API) Market Expected to Increase Highest Revenue by 2024, Key Vendors: AbbVie Inc., Bristol-Myers Squibb Company, Pfizer, Inc., Sanofi, Eli Lilly and Company, Boehringer Ingelheim, Mylan N.V.
In understanding the Global Active Pharmaceutical Ingredients (API) Market in depth, the readers will find this report very helpful. Also discussed are the new strategic plan and suggestions that will help both old and new players on the market to maintain competitiveness. This report provides an exhaustive study of the Chemical and Materials industry that explains the trends in the market definition, classifications, applications, commitments, and global industry. All business profiles of leading players and brands have been published in the Global Active Pharmaceutical Ingredients (API) Market report. This market report covers strategic profiling of key market players, analyzing their core competencies comprehensively, and drawing a competitive market landscape. The Global Active Pharmaceutical Ingredients (API) Market industry data and information are taken from reliable sources such as websites, company annual reports, newspapers, and others, and the market experts have checked and validated them.
The Global Active Pharmaceutical Ingredients (API) Market accounted to USD 155.1 billion in 2016 growing at a CAGR of 6.50% during the forecast to 2024.
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Market Definition: Global Active Pharmaceutical Ingredients (API) Market
Active Pharmaceutical ingredients are central ingredient or chemical utilized as a part in manufacturing pharmaceutical medications. It consists of certain steps by procedures, such as chemical synthetic, recombinant DNA or other biotechnology techniques, maturation process, segregation from natural sources or any of these combinations.
Major Market Competitors:
Some of the major players operating in active pharmaceutical ingredients (API) market are-Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., GlaxoSmithKline plc, Novartis International AG, Dr. Reddy’s Laboratories Ltd., AbbVie Inc., Bristol-Myers Squibb Company, Pfizer, Inc., Sanofi, Eli Lilly and Company, Boehringer Ingelheim, Sun Pharmaceutical Industries Limited, Aurobindo Pharma, Lupin, Albemarle Corporation,and Mylan N.V., among others.
Market Segmentation: Global Active Pharmaceutical Ingredients (API) Market
On the basis of product type, Active Pharmaceutical Ingredients (API) market is segmented into innovative and generic product.In 2015 innovative products dominatedthe market but in future period generic product will dominate growth in the market due to patent expiration of various renowned drugs as the manufacturer facedhuge losses.
On the basis of manufacture, active pharmaceutical ingredients(API) market is segmented into captive and merchant. Here merchant segment will be dominating in forecastperiod because of expansion in outsourcing with different units for the formulation of active drug ingredients and need not to invest in manufacturing sectors.
Based on synthesis, active pharmaceutical ingredients(API) market is segmented into synthetic and biotech. In 2015, synthetic segment was leading with the largest market share. The rising demand for protein based therapeutics and increase in R&D techniques will definitely contribute towards growth in the forecast period.
On the basis of product, active pharmaceutical ingredients(API)market is segmented intomAb and hormone. Based on drug, active pharmaceutical ingredients (API) market is segmented into OTC and RX.
On the basis of therapy, active pharmaceutical ingredients (API)market is segmented into diabetes, oncology, CNS, and CVD.
On the basis of geography, active pharmaceutical ingredients (API)market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others. In 2017, North America is expected to dominate the market.
Table of Contents:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Market Size-by Manufacturers
Chapter 4: Production-by Regions
Chapter 5: Consumption-by Regions
Chapter 6: Market Size-by Type
Chapter 7: Market Size-by Application
Chapter 8: Manufacturers Profiles
Chapter 9: Production Forecasts
Chapter 10: Consumption Forecast
Chapter 11: Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12: Opportunities & Challenges, Threat and Affecting Factors
Chapter 13: Key Findings
Chapter 14: Appendix
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The Active Pharmaceutical Ingredients (API) Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of active pharmaceutical ingredients(API) marketfor global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Rising geriatric population
• Expansion in frequency of chronic diseases
• Increment in Abbreviated New Medication Applications (ANDA)
• Growth in technological advancement
• Unfavourable medication value and policies
• Stringent administrative prerequisites
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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