Global Active Pharmaceutical Ingredients (API) Market 2024 | Analysis By-GlaxoSmithKline plc, Novartis International AG, Dr. Reddy’s Laboratories Ltd., AbbVie Inc., Bristol-Myers Squibb Company, Pfizer Inc.

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 period of 2017 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.

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

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.

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Competitive Analysis:

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) market for global, Europe, North America, Asia Pacific and South America.

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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