Press release
Active Pharmaceutical Ingredients (API) Market Size Will Anticipated to Touch US$ 331.3 Billion, Growing at CAGR of 6.4% by 2031 | TMR Research
Active Pharmaceutical Ingredients (API) Market
Active Pharmaceutical Ingredients (API) Market (활성 약제 성분(API) 시장) is expected to reach a market value of US$ 331.3 Bn in 2031, expanding at a CAGR of 6.4% from 2021 to 2031.
Request a PDF Sample of this Report Now!
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1690
Overview of Active Pharmaceutical Ingredients (API) Market
The global API market is segmented by type (innovative APIs, generic APIs), synthesis (synthetic, biotech), type of manufacturer (captive, merchant), therapeutic application (cardiology, oncology, CNS, endocrinology, others), and geographical regions. The market has witnessed substantial growth due to the increasing prevalence of chronic diseases, rising demand for generic drugs, and advancements in biotechnology.
Top Companies:
Merck & Co., Inc.
Teva Pharmaceutical Industries Ltd.
Sanofi
Pfizer, Inc.
Novartis AG
Mylan N.V.
Lonza
WuXi AppTec Co., Ltd.
Piramal Pharma Solutions
Hisun USA, Inc.
Ipca Laboratories Ltd.
AbbVie, Inc.
Alembic Pharmaceuticals Limited
BASF SE
Biocon Ltd.
Boehringer Ingelheim International GmbH
Bristol-Myers Squibb Company
Cambrex Corporation
Dr. Reddy's Laboratories Ltd.
Eli Lilly and Company
GlaxoSmithKline plc.
Recent Developments in Active Pharmaceutical Ingredients (API) Market
Recent advancements and trends in the API market include:
Biotech APIs: Increasing development and utilization of biotech APIs, including monoclonal antibodies and recombinant proteins.
High Potency APIs (HPAPIs): Growth in demand for HPAPIs used in targeted cancer therapies and other specialized treatments.
Green Chemistry: Adoption of green chemistry principles in API synthesis to minimize environmental impact and enhance sustainability.
Outsourcing: Rising trend of pharmaceutical companies outsourcing API production to contract manufacturing organizations (CMOs) for cost efficiency and expertise.
Regulatory Compliance: Strengthening regulatory frameworks to ensure API quality, safety, and efficacy, leading to increased investments in compliance and quality control.
Drivers of Market Growth
Several factors contribute to the growth of the API market:
Prevalence of Chronic Diseases: Rising incidence of chronic diseases such as cancer, diabetes, and cardiovascular disorders driving demand for APIs.
Generic Drugs: Expiration of patents for blockbuster drugs leading to increased production of generic APIs.
Biopharmaceutical Innovations: Advancements in biopharmaceuticals and personalized medicine creating demand for specialized APIs.
Aging Population: Growing aging population requiring more medications and treatments.
R&D Investments: Significant investments in research and development by pharmaceutical companies to innovate and improve API synthesis.
Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1690
Conclusion
The API market is poised for significant growth, driven by the increasing prevalence of chronic diseases, demand for generic drugs, biopharmaceutical innovations, aging population, and R&D investments. Innovations in biotech APIs, HPAPIs, green chemistry, outsourcing, and regulatory compliance are enhancing the market's potential.
Market Segmentation
Manufacturer Type
In House Manufacturing
Contract Manufacturing
Drug Type
Branded or Innovative Prescription Drugs
Generic Prescription Drugs
Over-the-counter (OTC) Drugs
API Type
Synthetic
Biological
Plant Extracts
Application
Anti-infective
Cardiovascular
Neurological
Metabolic Disorder
Respiratory
Oncology
Others
End User
Pharmaceutical & Biotechnological Industry
CROs
CMOs
Others
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=1690<ype=S
More Trending Reports by Transparency Market Research -
Urinary Tract Disorders Propels Ureteral Stents Market (尿路疾患が尿管ステント市場を牽引): https://www.globenewswire.com/news-release/2024/07/05/2909009/32656/en/Rising-Incidence-of-Urinary-Tract-Disorders-Propels-Ureteral-Stents-Market-to-Achieve-USD-823-7-Million-by-2031-Transparency-Market-Research-Inc.html
Cryotherapy Market (Marché de la cryothérapie): https://www.globenewswire.com/en/news-release/2024/07/03/2908096/32656/en/Cryotherapy-Market-to-be-Worth-USD-885-7-million-by-2034-Growing-a-CAGR-9-3-Exclusive-Report-by-Transparency-Market-Research-Inc.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Active Pharmaceutical Ingredients (API) Market Size Will Anticipated to Touch US$ 331.3 Billion, Growing at CAGR of 6.4% by 2031 | TMR Research here
News-ID: 3613985 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for API
Api 607 Vs API 608: A Comprehensive Comparison Guide Of Industrial Valve
Introduction: Why are API standards so important for industrial valves?
In high-risk industries such as oil and gas, chemicals and power, the safety and reliability of valves can directly affect the stability of production systems. The standards set by API (American Petroleum Institute) are the technical bible of industrial valves around the world. Among them, API 607 and API 608 are key specifications frequently cited by engineers and buyers.
This article will…
Vehicle API Market 2023 | Futuristic Technology- CarAPI, Caruso, One Auto API, A …
The Vehicle API market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Vehicle API report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period.
The Vehicle API research report also provides insights of different regions that are…
Face Recognition API Market Growth, Business Overview 2023, and Forecast to 2030 …
Facial recognition is a way of recognizing a human face through technology. A facial detection system uses biometrics to map facial features from a photograph or video. It compares information with a database of known faces to find a match. Moreover, the accuracy of facial recognition systems has improved way better in the last decade. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger,…
API Management Market Report 2018: Segmentation by Solution (API Portal, API Gat …
Global API Management market research report provides company profile for Akana, Inc. (U.S.), Apiary, Inc. (U.S.), Axway, Inc. (France), CA Technologies, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Dell Boomi, Inc. (U.S.), DigitalML (U.S.), Fiorano Software, Inc. (U.S.), Google, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), IBM Corporation (U.S.), Mashape Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical…
Telecom API Market: OTT Service Providers Continue Cutting into Telecom API Prof …
The highly fragmented market of telecom API holds a staggering number of service providers and aggregators that are already offering their APIs to various telecom carriers. Alcatel Lucent, Apigee Corp., and Fortumo OU were the leading providers of telecom API from a global perspective in 2014. Telecom carriers have partnered with them and other prominent players in the past to launch APIs in the market.
According to Transparency Market Research’s latest…
Small Molecule API Market Growth Drivers 2018 | by Types Synthetic/Chemical API, …
Complete Study of Small Molecule API Market Research Report is added on MarketResearchFuture.com with Latest Advancement. Detail analysis on possible segments and sub segments of the Small Molecule API Market. Along with this regional analysis of the market which includes North America, Europe, Asia Pacific and Middle East and Africa.
Global Small Molecule API Market – Overview
Development in the small molecule API can be attributed due to the growth observed in…
