Press release
Active Pharmaceutical Ingredients (API) Industry to Reach US$ 291.7 Billion by 2027
Active Pharmaceutical Ingredients
The global active pharmaceutical ingredients (API) market size reached US$ 209.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 291.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.46% during 2022-2027.
Active pharmaceutical ingredients (API) refer to a biologically active component that is used in the production of tablets and capsules. They are a mixture of substances that are generally added to furnish pharmacological activity or direct effects in the diagnosis, mitigation, cure, prevention or treatment of numerous types of diseases. They are intended to act in different ways or treat numerous symptoms while affecting the structure and functioning of the body. Consequently, they find application in high-quality drugs that treat diseases pertaining to orthopedic, oncology, neurology, pulmonology, nephrology and endocrinology.
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Global Market Trends:
The global market is majorly driven by the growing prevalence of chronic diseases among the masses. Along with this, the rising investments by public and private agencies in extensive research and development (R&D) activities in the field of biotechnology are impacting the market growth favorably. In addition to this, the escalating demand for newer drugs among the geriatric population due to comorbidities is significantly supporting the market growth. Due to the rapid outbreak of COVID-19, the demand for drugs has increased rapidly, further propelling the market. Some other factors driving the market include increasing mergers and acquisitions among pharmaceutical manufacturers, significant growth in the pharmaceutical industry and the growing number of research laboratories and clinical trials.
Top Leading Companies In API Market Listed Below:
• Pfizer Inc.
• Novartis International AG
• Sanofi SA
• Boehringer Ingelheim Group
• Bristol-Myers Squibb Company
• Teva Pharmaceutical Industries Ltd.
• Eli Lilly and Company
• GlaxoSmithKline plc
• Merck & Co. Inc.
• AbbVie Inc.
Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/active-pharmaceutical-ingredients-market
Key Market Segmentation:
Breakup by Drug Type:
• Innovative Active Pharmaceutical Ingredients (API)
• Generic Active Pharmaceutical Ingredients (API)
Breakup by Manufacturer:
• Captive Manufacturers
• Merchant API Manufacturers
o Innovative Merchant API Manufacturers
o Generic Merchant API Manufacturers
Breakup by Synthesis:
Synthetic Active Pharmaceutical Ingredients (API):
Market Breakup by Type:
• Innovative Synthetic APIs
• Generic Synthetic APIs
Biotech Active Pharmaceutical Ingredients (API):
Market Breakup by Type:
• Innovative Biotech APIs
• Biosimilars
Market Breakup By Product:
• Monoclonal Antibodies
• Vaccines
• Cytokines
• Fusion Proteins
• Therapeutic Enzymes
• Blood Factors
Market Breakup By Expression System:
• Mammalian Expression Systems
• Microbial Expression Systems
• Yeast Expression Systems
• Transgenic Animal Systems
• Others
Breakup by Therapeutic Application:
• Oncology
• Cardiovascular and Respiratory
• Diabetes
• Central Nervous System Disorders
• Neurological Disorders
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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