Global Active Pharmaceutical Ingredients Market Size to Reach $360 billion by 2030, Growing at a CAGR of 6.2% Report by Beyond Market Insights (Industry Share, Growth, Analysis and Forecast from 2023 to 2030)

Atlanta, Jan. 11, 2023 (GLOBE NEWSWIRE) — Active Pharmaceutical Ingredients Market Overview: API’s are the element of drugs that are beneficial for health effects. It delivers biologically active or other direct results in the treatment, diagnosis, mitigation, or prevention of disease or concerns the function or configuration of the human or animal body. The increasing importance of generics, rising focus on the introduction of accurate medicine, and rising adoption of AI-based tools for drug discovery are surging the demand for active pharmaceutical ingredients in the global market. Regardless, high manufacturing costs and increasing usage of counterfeit drugs are some challenging aspects that are hindering market development worldwide. In expansion, growing technological developments in API manufacturing, associated with the rising availability of highly potent active pharmaceutical ingredients are further bolstering the growth of the market over the forecasting years.

Active Pharmaceutical Ingredients Market Dynamics:

The rising emphasis on precision medicine, increasing prevalence of chronic diseases, as well as growing adoption of organ-on-chip models in drug development is anticipated to boost the industry’s growth around the world. The demand for pharmaceutical drugs is on the rise owing to the high burden of chronic diseases and sedentary lifestyles. As per the Indian Economical Survey, in 2021, the pharmaceutical market in India accounted for USD 42 billion, which is projected to leverage to USD 65 billion by the year 2024. Moreover, the flourishing development of the biopharmaceutical sector, as well as the rising emergence of biosimilars are augmenting the market growth over the forecasting years.

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The innovative APIs segment dominated the active pharmaceutical ingredient market in 2021.

Based on type, innovative APIs are gaining high traction in various end-use applications because of a significant rise in the number of research & development programs that focus on introducing various innovative and cost-effective products. The increasing demand for highly potent ingredients and peptides also acts as a catalyzing factor for the demand for innovative APIs in the global market. On the other hand, the Generic APIs are likely to register the fastest CAGR over the estimated years due to the manufacturing costs being comparatively lower than Innovative APIs, along with there being less stringent regulations imposed on Generic Drugs. Thus, these factors exhibit a positive influence on the Generic APIs in the forthcoming scenario.

North America was the largest regional market for active pharmaceutical ingredients in 2021.

Based on geography, the active pharmaceutical ingredient market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The rising number of cost-containment measures for healthcare, as well as increasing investment in R&D activities, is propelling regional market growth. The United States holds most of the market shares in the North American region.  In addition, the US government imposed new political and trade policies intending to raise import duties and taxes to drive operational costs and increase the pricing pressure on manufacturers. Also, the FDA has increased its application fees for new drug approvals and amplified the frequency of routine inspections carried out at various offshore contract manufacturing facilities to secure the supply of high-quality products into the US market. Thus, these factors substantially influence the regional market growth during the estimated years.

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Active Pharmaceutical Ingredients Market Recent developments:

Various key market players in this market space are taking strategic initiatives to create a huge competitive edge for the market players. For instance;

• In December 2021, Novasep- announced a total investment of EUR 6 million (USD 5.99 million) in its Chasse-sur-Rhône, France site intending to upgrade its capabilities in fields including infectious diseases, central nervous system (CNS), and oncology.
• On August 2021, the U.S. FDA granted their approval for a novel drug application to treat schizophrenia presented by Teva Pharmaceutical and MEDinCell.  
• In Dec 2020 Piramal publicized that the company is planning to invest nearly USD 32 million in establishing a new manufacturing plant in Michigan, US to increase production and extension for non-potent and potent active pharmaceutical ingredients (APIs) by 2022.  

A list of the Key Players in the Global Active Pharmaceutical Ingredients Market is:

Some of the major key players operating in the Active Pharmaceutical Ingredients Market are Merck & Co., Inc. (US), Pfizer, Inc. (US), AbbVie Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Novartis International AG (Switzerland), Sreepathi Pharmaceuticals Limited (India), Eli Lilly and Company (US), Boehringer Ingelheim (Germany), Sanofi (France), Dr. Reddy’s Laboratories Ltd. (India), Sun Pharmaceutical Industries Ltd. (India), Bristol-Myers Squibb (US), Teva Pharmaceutical Industries Ltd. (Israel), Cipla, Inc. (India), and BDR Pharmaceuticals Internationals Pvt. Ltd. (India).

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The Beyond Market Insights research has segmented the Global Active Pharmaceutical Ingredients Market report based on Type, Type of Manufacturer, Equipment, Type of Drug, Application, and region

Active Pharmaceutical Ingredients Market, Type Outlook (2017-2030):

1. Innovative APIs
2. Generic APIS

Active Pharmaceutical Ingredients Market, Type of Manufacturer Outlook (2017-2030):

1. Captive Manufacturers
2. Merchant Manufacturers

Active Pharmaceutical Ingredients Market, Type of Synthesis Outlook (2017-2030):

1. Synthetic APIs
2. Biotech APIs

Active Pharmaceutical Ingredients Market, Type of Drug Outlook (2017-2030):

1. Prescription Drugs
2. Over-the-counter Drugs

Active Pharmaceutical Ingredients Market, Application Outlook (2017-2030):

1. Communicable Diseases
2. Oncology
3. Diabetes
4. Cardiovascular Disease
5. Pain management
6. Respiratory Diseases
7. Other Therapeutic Applications

Active Pharmaceutical Ingredients Market, Regional Outlook (2017-2030):

1. North America
2. Europe
   • France
   • Germany
   • UK
   • Italy
   • Rest of the Europe
3. Asia Pacific
   • China
   • India
   • Japan
   • South Korea
   • Australia
   • Rest of the APAC
4. Latin America
   • Mexico
   • Brazil
   • Rest of Latin America
5. Middle East & Africa
   • UAE
   • Saudi Arabia
   • Israel
   • South Africa
   • Rest of the Middle East & Africa

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