Press release
Pharmaceutical API Manufacturing Market Segmentation, Competitive Analysis Report 2020: Global Demand And Outlook By 2023 | BASF SE., Bayer Healthcare, Mylan N.V. | Covid-19 Growth And Change
The global pharmaceutical api manufacturing market is expected to decline from $174 billion in 2019 to $163.3 billion in 2020 at a compound annual growth rate (CAGR) of -6.2%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. COVID-19 pandemic is affecting industries across the globe including the pharmaceutical API Manufacturing sector. The disruptions due to lockdowns there has been a slow-down of the production and therefore leading to a shortage of supply causing a hike in prices for essential medicines which are the key factors for this decline. The market is then expected to recover and grow at a CAGR of 6.2% from 2021 and reach $194.1 billion in 2023.
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The pharmaceutical active pharmaceutical ingredients (API) manufacturing market consists of sales of pharmaceutical active pharmaceutical ingredients and related services. Active pharmaceutical ingredients are used to produce drugs which treat various diseases such as cardiovascular diseases, rare genetic disorders, infections, metabolic disorders, cancers, respiratory diseases and others. Active pharmaceutical ingredient is a chemical which is responsible for the pharmacological activity in the living body and are used as a major base for preparation of drugs.
The rise in aging population is one of the major drivers of the pharmaceutical API manufacturing market. As the aging population increases, the demand for pharmaceutical drugs also increases. API acts as a specialty drug in these medicines to cure a particular disease.
Pharmaceutical API Manufacturing Market Segmentation: -
By Therapy Area
1. Cardiovascular disorders
2. Metabolic disorders
3. Neurological disorders
4. Oncology
5. Musculoskeletal disorders
6. NSAIDs
7. Other therapeutics uses
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By API Type
1. Chemical API
2. Biological API
Few Points From Table Of Content
1. Executive Summary
2. Pharmaceutical API Manufacturing Market Characteristics
3. Pharmaceutical API Manufacturing Market Size And Growth
4. Pharmaceutical API Manufacturing Market Segmentation
5. Pharmaceutical API Manufacturing Market Regional And Country Analysis
……
25. Pharmaceutical API Manufacturing Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Pharmaceutical API Manufacturing Market
27. Pharmaceutical API Manufacturing Market Trends And Strategies
28. Pharmaceutical API Manufacturing Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the pharmaceutical api manufacturing market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the pharmaceutical api manufacturing market are Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Boehringer Ingelheim, Pfizer, Inc., Aurobindo Pharma, Novartis AG, Dr. Reddy`s Laboratories, Merck & Co., Inc., BASF SE., Bayer Healthcare
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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