Global Active Pharmaceutical Ingredients (API) Industry will be 168.9 Bn Along with 6.9% of CAGR | Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19

According to AllTheResearch's analysis, The Global Active Pharmaceutical Ingredients (API) Market was valued at US$ 168.9 Bn in the year 2018 and is expected to reach US$ 273.3 Bn by the year 2026, growing at a CAGR of 6.2% by 2026. The ripple effect of Coronavirus-COVID19 on the Active Pharmaceutical Ingredients (API) Ecosystem Market Ecosystem needs to become part of strategy discussions to emerge strong.

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Active Pharmaceutical Ingredients (API) Market are expected to grow at the fastest pace during the forecast period. An active pharmaceutical ingredient is that part of a drug that is intended to provide pharmacological activity, i.e., biological activity, in the treatment or prevention of diseases, or is intended to affect the function or structure of the human body. The major factors driving the growth of the active pharmaceutical ingredients market are the increasing prevalence of chronic diseases, increasing uptake of biopharmaceutical products, and the rising importance of generic drugs. However, the increasing penetration of counterfeit drugs and drug price control policies across the globe are expected to impede the growth of this market.

Market Segmentation:

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Biotech API segment is expected to grow at the highest CAGR during the forecast period
Based on the synthesis type, the active pharmaceutical ingredients market has been segmented into synthetic API and biotech API. The synthetic segment held the highest share in the base year. However, the biotech sub-segment is expected to grow at the highest CAGR during the forecast period. The high efficiency of biotech molecules, coupled with the increasing demand for biopharmaceuticals, is expected to drive the market for this segment. The biotech API segment is further divided into monoclonal antibodies, recombinant proteins, and others. The biotech API segment can be further divided into mammalian expression systems, yeast expression systems, microbial expression systems, and others, on the basis of the expression system

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By Region Analysis:
1.North America (US and Canada)
2.Europe (UK, Germany, France and Rest of Europe)
3.Asia Pacific (China, Japan, India and Rest of Asia Pacific)
4.Latin America (Brazil, Mexico and Rest of Latin America)
5.Middle East & Africa (GCC and Rest of Middle East & Africa)

North America to dominate the Active Pharmaceutical Ingredients (API) market throughout the forecast period
In the base year 2018, North America dominated the market, followed by Europe. The major reasons behind the dominance of North America are the increasing prevalence of chronic diseases in the region and growing healthcare expenditure. Technological advancements in the manufacturing process of active pharmaceutical ingredients, increasing prevalence of cancer, and the rising demand for biologics are some other factors that are expected to drive the growth of the API market in North America.
And more...

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