The pharmaceutical drugs are made up of two core components: the API, which is the vital ingredient and the excipients, are the substances which helps in delivering the API to the human system. The pharmaceuticals companies use certain standards to control and regulate the strength of the API in each drug. However, the standard varies from one brand to another. Many pharmaceutical companies located in the United States and Europe have started outsourcing the API manufacturing in order to reduce the costs on expensive equipment, employees and infrastructure.
MARKET DYNAMICS
The Active Pharmaceutical Ingredient (API) market is anticipated to grow in the forecast period owing to driving factors such as growing prevalence of chronic diseases, advancements in technology for API production, rising adoption of generic medicine, increasing focus on personalize medicine and increasing investments in the pharmaceutical sector. The market is subject to various stringent laws and regulations that deal with patenting, testing, safety, efficacy and marketing and unfavorable drug price control policies across various countries hinders with the market growth.
MARKET SCOPE
The "Global Active Pharmaceutical Ingredient (API) Market Analysis to 2028" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of active pharmaceutical ingredient (API) market with detailed market segmentation by type of synthesis, therapeutic application and geography. The global Active Pharmaceutical Ingredient (API) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading active pharmaceutical ingredient (API) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global active pharmaceutical ingredient (API) market is segmented on the basis of type of synthesis and therapeutic application. The active pharmaceutical ingredient (API) market, based on type of synthesis is segmented into Biotech and Synthetic. Based on therapeutic application, the market is segmented as cardiology, oncology, CNS and neurology, orthopaedic, endocrinology, pulmonology, gastroenterology, nephrology, ophthalmology and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global active pharmaceutical ingredient (API) market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The active pharmaceutical ingredient (API) market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting active pharmaceutical ingredient (API) market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the active pharmaceutical ingredient (API) market in these regions.
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MARKET PLAYERS
The reports cover key developments in the active pharmaceutical ingredient (API) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from active pharmaceutical ingredient (API) market are anticipated to lucrative growth opportunities in the future with the rising demand for active pharmaceutical ingredient (API) market in the global market. Below mentioned is the list of few companies engaged in the active pharmaceutical ingredient (API) market.
The report also includes the profiles of key active pharmaceutical ingredient (API) market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
• Teva Pharmaceutical Industries Ltd.
• AbbVie, Inc.
• Boehringer Ingelheim International GmbH
• Cipla, Inc.
• Merck & Co., Inc.
• Bristol-Myers Squibb Company
• Albemarle Corporation
• Mylan N.V.
• Aurobindo Pharma
• Sun Pharmaceutical Industries Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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