Press release
"Global Active Pharmaceutical Ingredients (API) Market " Pitching on Top Players Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc, Novartis International AG, Dr. Reddy’s Laboratories Ltd
Active Pharmaceutical Ingredients (API) Market
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The spending on healthcare has grown at a rapid pace in recent years and it increased at a CAGR of 6.50% during the forecast period of 2017 to 2024. The Active Pharmaceutical Ingredients(API) Market accounted to USD 155.1 billion in 2016 at a CAGR of 6.50%
According to Data Bridge Market Research new Market report “Active Pharmaceutical Ingredients (API) Market, By Product Type (Innovative, Generic), Manufacturer (Captive, Merchant), Synthesis (Synthetic, Biotech), Product (mAb, Hormone) ,Drug (OTC, Rx), Therapy (Diabetes, Oncology, CNS, CVD) , Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)” – Trends and Forecast to 2024″,the Active Pharmaceutical Ingredients(API) Market accounted to USD 155.1 billion in 2016 at a CAGR of 6.50% during the forecast period of 2017 to 2024.
Active Pharmaceutical Ingredients (API) Market – Key Market points:
Factors such as rising geriatric population which gives birth to age related disease, manufacturing of innovative drug along with the rise in demand efficient medicine with rapid action are driving the growth in the market. Diseases such as cancer, cardiovascular diseases, high blood pressure, vision and hearing loss, diabetes and many more are rapidly found in people in the age group of60 and above may lead growth in future.
API is constantly increasing the outsourcing along with different methods of formulation of active drug ingredients due to the expiration of patent of branded drugs as a result there is no use of investing in R&D activities which can benefit the company or the manufacturers. Therefore manufacturers generally prefer generic drugs over the branded or recognized ones because of the growing sales in API market. Others reasons which are utilizing generic drugs include lack of branded drugs, unaffordability and poor accessibility in remote area of few developing countries. Some government associations are taking measures to moderate this issue. The European Union (EU) are setting up assembling offices that not just help in enhancing the nature of the medications sold in the market but also guarantees the offers of government-endorsed and quality-checked of logically created drugs.
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Active Pharmaceutical Ingredients (API) Market – Market Segmentation:
The Active Pharmaceutical Ingredients (API) Market is segmented on the basis of type, manufacturer, synthesis, product, drug, therapy, and geography.
Type
• Innovative
• Generic
Manufacturer
• Captive
• Merchant
Synthesis
• Synthetic
• Biotech
Product
• mAb
• Hormone
Drug
• OTC
• Rx
Therapy
• Diabetes
• Oncology
• CNS
• CVD
Active Pharmaceutical Ingredients (API)Market – Geographical Segmentation:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Access Full Report @: http://databridgemarketresearch.com/reports/active-pharmaceutical-ingredients-api-market/
Active Pharmaceutical Ingredients (API) Market– Competitive Landscape:
The Active Pharmaceutical Ingredients (API) Market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America active pharmaceutical ingredients (API) market.
Browse Related Reports:
Europe Active Pharmaceutical Ingredients (API) Market, By Product Type, By End-Use, By Distribution Channel, By Country (Germany, France, U.K., Spain, Italy, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe) – Industry Trends and Forecast to 2024
http://databridgemarketresearch.com/reports/europe-active-pharmaceutical-ingredient-api-market/
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