Active Pharmaceutical Ingredient Market Expected to Grow at 245.2 Billion In Revenue by 2024

According to Market Study Report, Active Pharmaceutical Ingredient/ API Market provides a comprehensive analysis of the Active Pharmaceutical Ingredient Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.This report also provides market landscape and market share information in the Active Pharmaceutical Ingredient Market.

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The Global Active Pharmaceutical Ingredient/ API Market is estimated to reach USD 245.2 Billion by 2024 from USD 182.2 Billion in 2019, at a CAGR of 6.1% during the forecast period. This report spread across 253 pages, profiling 12 companies and supported with 245 tables and 41 figures are now available in this research.

Top Key Players Profiled in the Active Pharmaceutical Ingredient Market:
o Pfizer, Inc. (US)
o Novartis AG (Switzerland)
o Sanofi (France)
o Boehringer Ingelheim (Germany)
o Bristol-Myers Squibb (US)
o Teva Pharmaceutical Industries Ltd. (Israel)
o Eli Lilly and Company (US)
o GlaxoSmithKline plc (UK)
o Merck & Co., Inc. (US)
o AbbVie Inc. (US)
o F. Hoffmann-La Roche Ltd. (Switzerland)
o AstraZeneca plc (UK)

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"The biotech APIs segment is expected to grow at the highest CAGR during the forecast period."
On the basis of type of synthesis, the APIs market is categorized into synthetic APIs and biotech APIs. The synthetic APIs segment is estimated to account for the largest share in 2019. However, the biotech APIs segment is expected to grow at a higher rate over the forecast period.

"The monoclonal antibodies segment is expected to account for the largest share of the global biotech APIs market."
Based on product, the biotech APIs market is segmented into monoclonal antibodies, hormones& growth factors, cytokines, fusion proteins, therapeutic enzymes, recombinant vaccines, and blood factors. In 2019, the monoclonal antibodies segment is estimated to account for the largest share of the biotech APIs market.

Breakdown of primary participants' profile:
o By Company Type - Tier 1: 37%, Tier 2: 22%, Tier 3:41%
o By Designation - C-level: 25%, D-level: 20%, Others: 55%
o By Region - North America: 40%, Europe: 27%, Asia: 20%, RoW: 13%

Competitive Landscape of Active Pharmaceutical Ingredient Market:
1 Overview
2 Market Player Ranking
3 Competitive Leadership Mapping
3.1 Vanguards
3.2 Dynamic Differentiators
3.3 Innovators
3.4 Emerging Players
4 Competitive Situation and Trends
4.1 Product Launches
4.2 Expansions
4.3 Acquisitions
4.4 Other Strategies

Reason to access this report:
The report will help market leaders/new entrants by providing them the closest approximations of the revenue numbers for the overall APIs market and its sub segments. Also, this report will help stakeholders to better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies.

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This release was published on openPR.