Industry Background:
The Active Pharmaceutical Ingredient (API) is the chief therapeutic entity in a drug product and it is the part of any drug that produces the intended effects. Some drugs, such as combination therapies, have multiple active ingredients to treat different symptoms or act in different ways. Production of APIs has traditionally been done by the pharmaceutical companies themselves in their home countries. But in recent years many corporations have opted to send manufacturing overseas to cut costs. This has caused significant changes to how these drugs are regulated, with more rigorous guidelines and inspections put into place.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Teva Pharmaceutical Industries Ltd (Israel), Novartis International AG (Switzerland), Pfizer Inc. (United States), Johnson & Johnson (United States), Mylan N.V. (United States), BASF SE (Germany), GlaxoSmithKline plc (United Kingdom), Merck & Co., Inc. (United States), AbbVie Inc. (United States),, AstraZeneca plc (United Kingdom), North China Pharmaceutical Group (China), Dr. Reddy’s Laboratories Ltd. (India), F. Hoffmann-La Roche Ltd (Switzerland), Bayer AG (Germany) and Cambrex (United States) |
According to AMA, the market for Active Pharma Ingredient is expected to register a CAGR of 5.93% during the forecast period to 2028. This growth is primarily driven by Rising Incidence of Chronic Diseases like Cancer, Increasing Importance of Generics Medicines in Developing Economies Upsirging Adoption of Organ-On-Chip Models in Drug Development and Growing Focus on Precision Medicine.
Globally, a noticeable market trend is evident Increasing Adoption of Artificial Intelligence-Based Tools for Drug Discovery The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Teva Pharmaceutical Industries Ltd (Israel), Novartis International AG (Switzerland), Pfizer Inc. (United States), Johnson & Johnson (United States), Mylan N.V. (United States), BASF SE (Germany), GlaxoSmithKline plc (United Kingdom), Merck & Co., Inc. (United States), AbbVie Inc. (United States),, AstraZeneca plc (United Kingdom), North China Pharmaceutical Group (China), Dr. Reddy’s Laboratories Ltd. (India), F. Hoffmann-La Roche Ltd (Switzerland), Bayer AG (Germany) and Cambrex (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. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
On 31st January 2020, Sandoz has announced that it has successfully completed the acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly-owned subsidiary of Aspen Pharmacare Holdings Limited. Sandoz has acquired all of the shares in Aspen Japan K.K. and associated assets held by AGI.
On 14th September 2018, Lonza Pharma & Biotech has announced the launch of its pharmaceutical early-intermediates supply initiative. The initiative leverages chemical production facilities at the company’s Visp (CH) site to address increasing global early-intermediates supply security and quality concerns. Lonza now offers its customers an integrated supply chain from non-GMP early intermediates to cGMP advanced intermediates and APIs.
Influencing Trend:
Increasing Adoption of Artificial Intelligence-Based Tools for Drug Discovery
Market Growth Drivers:
Rising Incidence of Chronic Diseases like Cancer, Increasing Importance of Generics Medicines in Developing Economies Upsirging Adoption of Organ-On-Chip Models in Drug Development and Growing Focus on Precision Medicine
Challenges:
Product Differentiation - A Major Concern for API Manufacturers and High Manufacturing Costs
Restraints:
Unfavorable Drug Price Control Policies Across Various Countries and Increasing Penetration of Counterfeit Drugs
Opportunities:
Technological Advancements and Development in API Manufacturing, Rising Investments in Real-World Evidence By Pharmaceutical Companies and Highly Potent Active Pharmaceutical Ingredients
AMA Research follows 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 showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze 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 includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Active Pharma Ingredient Market
- Analysis about New Entrants in Active Pharma Ingredient Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Active Pharma Ingredient Study Sheds Light on
The Active Pharma Ingredient Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Active Pharma Ingredient industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Active Pharma Ingredient industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.