Press release
Animal Health Active Pharmaceutical Ingredients Market to reach US$ 9,162.2 Mn at a CAGR of 7.3% between 2017 -2025
Animal Health Active Pharmaceutical Ingredients Market 2022
Animal Health Active Pharmaceutical Ingredients Market is expected to be worth US$ 9,162.2 Mn by the year 2017 -2025, at a CAGR of 7.3% between 2017 -2025. Digital health is into occupation of a noteworthy position in our lives, thereby rendering it a significant tool in the medical device trends going forward. This would be the overall outlook of the healthcare vertical in the forecast period.
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The global animal health active pharmaceutical ingredient (API) market is projected to register an impressive expansion at 7.3% CAGR during the forecast period 2017 to 2025, according to a recent study by Persistence Market Research (PMR). PMR's study estimates the market to increase from revenues worth US$ 5,216.1 Mn in 2017 to reach US$ 9,162.2 Mn by 2025-end.
Company Profiles
Glenmark Pharmaceutical Ltd.
Zoetis Inc.
Eli Lilly & Co.
Sanofi Winthrop Industrie (CEPiA)
Indukern, S.A.
Ofichem BV
P&R SpA (Olon SpA)
Lonza Group AG
Huvepharma
fine gold animal health
Blanver Farmoquimica E Farmaceutica SA
Zhejiang Hisun Pharmaceutical Co. Ltd
Changzhou Yabang-Qh Pharmachem Co., Ltd.
Shanghai Pharmtech Co. Ltd.
Ningxia Tairui Pharma CO. Ltd.
Shaanxi Hanjiang Pharmaceutical Group Co.,Ltd.
Sequent Scientific Ltd.
NGL Fine Chem Ltd.
Omkar Speciality Chemicals Limited
Excel Industries Ltd.
Others
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Limited Insurance or Government Intervention Provides Smooth Flow to the Market Growth in APAC
Asia Pacific (APAC) will continue to be the most lucrative region in the global animal health active pharmaceutical ingredient market, with sales exhibiting the second highest CAGR through 2025. APAC has remained one of the largest API suppliers, at affordable costs.
Governments across APAC have been making investments and focusing on local manufacturing facilities of APIs. Favorable policies offered by these governments have been shifting the focus of API manufacturers in moving their production bases to APAC countries, such as India and China.
In addition, limited insurance or government intervention provides smooth flow to market growth in these regions.
However, animal health API products manufactured in APAC countries do not meet regulatory standards, and there has been increasing concerns pertaining to the quality of APIs, especially those produced in China and India. Western regulatory bodies are becoming stricter in the inspection of APIs produced in these regions.
Manufacturers are further facing challenges in bridging the gap between the cost and quality of APIs. These factors will inhibit growth of the market in APAC.
Europe to Remain the Second Largest Market for Animal Health APIs
Europe will remain the second largest market for animal health active pharmaceutical ingredients. Leading healthcare companies are located in the Europe, which in turn has boosted requirement for veterinary APIs in the region. Consumption of veterinary drugs in Europe has surged substantially over the past few years. Spain has been witnessed to be the largest consumer of veterinary antimicrobial APIs in the EU.
In addition, rising improvements in the animal productivity has driven growth of the animal health industry in this region. These incidences are expected to augment growth of the animal health API market in Europe.
However, the pharmaceutical industry in Europe has been concerned with potential short-term impacts of REACH regulations. This is likely to result in decreased supply of materials, or reagents, which are not preregistered by EU suppliers.
In addition, dynamic changes in Europe's macro-economic environment, such as the Brexit, has been impacting the intra-European trade and overall pharmaceutical sector. These factors might curb growth of the animal health API market in Europe.
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Antiparasitics to Remain the Largest Adopted APIs in the Market
Antiparasitics will continue to be the largest adopted API in the market, followed by anti-infectives. Sales of Antiparasitics are expected to register the fastest expansion, to account for the largest revenues by 2025-end. In contrast, revenues from sales of anesthetics and NSAIDs will remain comparatively lower than antiparasitics and anti-infectives.
Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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