Industry Background:
Active pharmaceutical ingredients (APIs) are good quality ingredients that are essential for the manufacture of effective & safe medicines. High prevalence & incidence rates of cancers, dental carries, cardiovascular diseases, back pain, & periodontal diseases drive the growth of the market. Demand for low-cost medicines & increase in the number of ANDA filings are fueling the growth of global active pharmaceutical ingredients market. Patent expiration of prominent drugs, favorable government initiatives, regional penetration & increasing aged population are some of the factors that are driving the market growth. Strict validation & safety guidelines stated by WHO & fragmented market are the factors that are hampering the growth of API market.This growth is primarily driven by Growing Incidences of Chronic Diseases and Inclination towards Bio-pharmaceuticals products.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Pfizer, Inc. (United States), Novartis AG (Switzerland), Sanofi (France), Boehringer Ingelheim (Germany), Bristol-Myers Squibb (United States), Teva Pharmaceutical Industries Ltd. (Israel), Eli Lilly and Company (United States), GlaxoSmithKline plc (United Kingdom) and Merck & Co., Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Increasing Technological Advancements in API Manufacturing
. Major Players, such as Pfizer, Inc. (United States), Novartis AG (Switzerland), Sanofi (France), Boehringer Ingelheim (Germany), Bristol-Myers Squibb (United States), Teva Pharmaceutical Industries Ltd. (Israel), Eli Lilly and Company (United States), GlaxoSmithKline plc (United Kingdom) and Merck & Co., Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Acquisitions and collaborations have been the key growth strategies adopted by players in the recent years. For example, In January 2018, Pfizer entered into a collaboration with Sangamo Therapeutics, Inc. (US) for the development of a potential gene therapy to treat amyotrophic lateral sclerosis (ALS) and in May 2018, Novartis acquired AveXis, a clinical-stage gene therapy company, to develop a gene-based treatment for spinal muscular atrophy.
Market Drivers
- Growing Incidences of Chronic Diseases
- Inclination towards Bio-pharmaceuticals products
Market Trend
- Increasing Technological Advancements in API Manufacturing
- Acceptance of Artificial Intelligence-Based Tools for Drug Discovery
Restraints
- Availability of counterfeit products
- High manufacturing cost
Opportunities
Increasing Healthcare Expenditure and Growing Investments by Pharmaceutical Companies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Active Pharmaceutical Ingredient Study Sheds Light on
The Active Pharmaceutical Ingredient Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Active Pharmaceutical Ingredient industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Active Pharmaceutical Ingredient industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.