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Active Pharmaceutical Ingredients Market Research Report Information By Manufacturing Process (Captive Manufacturing and Contract Manufacturing), By Type of Synthesis (Synthetic and Biotech), By API Formulation (Generic API and Branded/Innovative API), By Application (Cardiovascular Disease, Oncology, Neurological Disorders, Orthopedic Disorders, Respiratory, Gastrointestinal Disorders, Urology, and others), By Molecules (Large Molecule and Small Molecule), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.
Active Pharmaceutical Ingredients Market Size was valued at USD 277.1 billion in 2021 and is projected to grow from USD 299.21 billion in 2022 to USD 512.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.98% during the forecast period (2022 – 2030). The active pharmaceutical ingredients (API) market refers to the industry involved in the production and supply of the active components or substances that are used in the manufacturing of pharmaceutical drugs. These ingredients are responsible for the therapeutic effects of the medications. APIs can be derived from various sources, including chemical synthesis, fermentation, or biotechnology processes. The market includes API manufacturers and suppliers that provide these crucial ingredients to pharmaceutical companies. The COVID-19 pandemic had a significant impact on the API market. The disruptions caused by the pandemic, such as lockdown measures, travel restrictions, and supply chain disruptions, affected the production and distribution of APIs. Many countries, realizing the vulnerabilities exposed by the pandemic, sought to reduce their dependency on foreign suppliers and focused on strengthening domestic API manufacturing capabilities. The increased demand for COVID-19 treatments and vaccines further intensified the demand for APIs. Pharmaceutical companies globally raced to develop and produce therapeutics and vaccines, resulting in a surge in the demand for APIs, particularly those used in antiviral medications and vaccine formulations.
The pandemic also highlighted the importance of a resilient and diversified supply chain for APIs. Governments and pharmaceutical companies have been exploring ways to ensure a stable supply of APIs by promoting local manufacturing, strategic stockpiling, and collaborations to mitigate future disruptions.
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Key Players
Some of the market key players are Sanofi SA (France), Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc (US), Abbott (US), Bayer AG (UK), Merck & Co Inc (US), Boehringer Ingelheim GmbH (UK), GlaxoSmithKline Plc (UK), Novartis AG (UK), Eli Lilly and Company (US), and Teva Pharmaceutical Industries Ltd (Israel)
Market Segmentation
The Global Active pharmaceutical ingredients market has been segmented into Manufacturing Process, Type, API Formulation, Application and Molecules
Based on Manufacturing Process: Captive Manufacturing and Contract Manufacturing
Based on Type: Synthesis Synthetic and Biotech
Based on API Formulation: Generic API, Branded/Innovative API
Based on Application: Cardiovascular Disease, Oncology, Neurological Disorders, Orthopedic Disorders, Respiratory, Gastrointestinal Disorders and Urology
Based on Molecules: Large Molecule and Small Molecule
Regional Analysis
Asia Pacific, particularly India and China, holds a significant share in the market due to their robust API manufacturing capabilities and cost advantages. North America, especially the United States, has a strong market presence with a focus on high-quality APIs and stringent regulatory standards. Europe also has a notable market share, with countries like Germany and Switzerland known for their advanced pharmaceutical manufacturing capabilities. The Middle East and Africa region is gradually increasing its presence in the API market, with countries like the United Arab Emirates and South Africa investing in pharmaceutical manufacturing. Latin America has a growing market share, driven by countries like Brazil and Mexico, which are expanding their pharmaceutical industries and attracting API manufacturers.
Browse In-depth Market Research Report (157 Pages) on Active Pharmaceutical Ingredients: https://www.marketresearchfuture.com/reports/active-pharmaceutical-ingredients-market-1385
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