USD 210.01 billion
Global Active Pharmaceutical Ingredients Market Size, Share, Growth Analysis, By Application(Captive AP and Merchant APIs), By Business mode(Synthetic and Biotech) - Industry Forecast 2024-2031
Report ID:
SQMIG35I2125 |
Region:
Global |
Published Date: February, 2024
Pages:
248
|
Tables:
59 |
Figures:
75
Global Active Pharmaceutical Ingredients Market Insights
Active Pharmaceutical Ingredients Market size was valued at USD 210.01 billion in 2019 and is poised to grow from USD 222.4 billion in 2023 to USD 351.81 billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).
Active Pharmaceutical Ingredients are becoming popular since they Actress key ingredient.The single active Pharmaceutical Ingredients are you used to make single dose medication, whereas several active pharmaceutical medians are used to make fixed-dose medicines.In every medicine API is present only in required amount due to its requirement in medicines Is less to produce the effect.
The medicine, which produces intended therapeutic effects, inculcates active Paracetamol ingredients.For instance, in painkillers, the active ingredients relieve pain. In the OTC drug crocin, the API is paracetamol. API is used in high quality drugs that treat diseases pertaining to oncology, cardiology, CNS and neurology, orthopedic, pulmonology, gastroenterology, nephrology, ophthalmology, and endocrinology. Through innovations of products and technological advancement APIs can potentially create a healthcare system which will be more sustainable.
US Active Pharmaceutical Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic
Fastest Growth
Synthetic
Growth Rate
5.9% CAGR
Global Active Pharmaceutical Ingredients Market ($ Bn)
Country Share for North America Region (%)
Global Active Pharmaceutical Ingredients Market By Synthesis ($ Bn)
Global Active Pharmaceutical Ingredients Market By Synthesis (%)
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Global Active Pharmaceutical Ingredients Market Segmental Analysis
Global Active Pharmaceutical Ingredients market is segmented on the basis of application,Business mode, synthesis,by type, and region. By application, the market is segmented into Cardiology, Pulmonology, Oncology, Ophthalmology, Neurology, Orthopedic, and Other Applications. By business mode, the market is segmented into Captive AP and Merchant API. By synthesis, the market is segmented into Synthetic and Biotech. By type the market is segmented into Generic and Branded.By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Active Pharmaceutical Ingredients Market Analysis by Application
By application, the global market is divided into many segments such as Cardiology, Pulmonology, Oncology, Ophthalmology, Neurology, Orthopedic, and Other Applications. The Cardiovascular segment held the largest global Active Pharmaceutical Ingredients market share due to the wide range of benefits provided by Active Pharmaceutical Ingredients in Cardiovascular disease. Increased awareness and high prevalence of cardiovascular Disease will propel the growth of the market in future.The lipid and cholesterol related diseases are decreasing day by day due to several government initiatives such as national cholesterol education programme to improve awareness.
Active Pharmaceutical Ingredients Market Analysis by Synthesis
By Synthesis, the Active Pharmaceutical Ingredients market is classified into Synthetic and Biotech. The Synthetic API segment is one of the main reasons for innovation and growth across all Pharmaceuticals industries including the global market. Incoming years many synthetic molecules are anticipated to go off patent, which will boost this segment of API market.Voice. In the forecasted year, Due to increased demand for pharmaceuticals and higher efficiency of the molecule biotech segment is anticipated to witness the significant growth.
Global Active Pharmaceutical Ingredients Market By Synthesis, 2023 (%)
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Global Active Pharmaceutical Ingredients Market Regional Insights
Globally, North America is estimated to hold the highest global Active Pharmaceutical Ingredients market share in 2021. Unhealthy lifestyle induced with diseases. Rising incidence of cancer stimulates R&D which is boosting the API market in the North America region.Above all, Asia Pacific is expected to grow fastest during the forecast period. All the countries across the globe depend upon the production of APIs at lower cost which is produced in Asian countries like India and China. Owing to the advantage of lower cost increasing healthcare expenditure, the region is anticipated to grow with highest CAGR in future.
Global Active Pharmaceutical Ingredients Market By Region, 2024-2031
- Largest
- Fastest
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Global Active Pharmaceutical Ingredients Market Dynamics
Active Pharmaceutical Ingredients Market Drivers
Increasing Focus on Precision Medicine is Boosting Active Pharmaceutical Ingredients Market
- Precision medicine helps in predicting prevention and treatment strategies for particular disease in a particular group of people that sought to be more accurate. Due to accuracy, various healthcare systems, clinicians, pharmaceutical companies, patients and govts are recognising precision medicine as one of the finest growing opportunities in future.Therefore, the growth in precision medicine will help active pharmaceutical ingredient market to grow.
Active Pharmaceutical Ingredients Market Restraints
Concerns related to Drug Pricing to Hinder Market Growth
- Restriction on reimbursements or profits helps most nations control pharmaceutical manufacturer prices either directly or indirectly. Many major countries across the globe are unregulated pharmaceutical market which leads to the fluctuation of the prices and can restrain the growth of market.Government in several countries has induced price control to limit spending on pharmaceuticals, which inturn leads to the reduction in R&D spending and lower new molecular entities being developed per annum.
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Global Active Pharmaceutical Ingredients Market Competitive Landscape
Competition in the global Active Pharmaceutical Ingredients market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of innovations compatible with Active Pharmaceutical Ingredients will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Active Pharmaceutical Ingredients Market Top Player’s Company Profiles
- Teva Pharmaceutical Industries Ltd.
- Pfizer Inc.
- Novartis International AG
- Sanofi S.A.
- Merck & Co., Inc.
- Boehringer Ingelheim GmbH
- GlaxoSmithKline plc
- AstraZeneca plc
- Bristol-Myers Squibb Company
- AbbVie Inc.
- Eli Lilly and Company
- BASF SE
- Lonza Group Ltd.
- Cambrex Corporation
- Dr. Reddy's Laboratories Ltd.
- Sun Pharmaceutical Industries Ltd.
- Lupin Limited
- Cadila Healthcare Ltd.
- Cipla Ltd.
- Aurobindo Pharma Limited
Active Pharmaceutical Ingredients Market Recent Developments
- In April 2022,Pharmazell, a company that specializes in supplying specialty active pharmaceutical ingredients has announced the closing of its merger with Nova SAB, the contract development and manufacturing organization with expertise in complex small molecules and antibody drug and conjugates the completion of merger initiated in September 2021 creates a unified company that off both CDMO and SPI manufacturing services.
Global Active Pharmaceutical Ingredients Key Market Trends
- Highly potent active pharmaceutical ingredients are the major form of API which includes several advantages such as requirements for a lower therapeutic dose, capacity to bind a specific receptor and high efficiency.The pharmaceutical companies small molecules to Offer new medicines that indicate a shift of HPAPIs.
Global Active Pharmaceutical Ingredients Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Active Pharmaceutical Ingredients market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as Air international regulations on drugs. Active Pharmaceutical Ingredients will enable devices to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 210.01 billion |
| Market size value in 2031 | USD 351.81 billion |
| Growth Rate | 5.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Active Pharmaceutical Ingredients Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Active Pharmaceutical Ingredients Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Active Pharmaceutical Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Active Pharmaceutical Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Active Pharmaceutical Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Active Pharmaceutical Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Active Pharmaceutical Ingredients Market Report Snapshots
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