API (Active Pharmaceutical Ingredients) Market Size Anticipated To Reach USD 239.8 Billion By 2025
“North America dominated in terms of revenue share in 2015 and Asia Pacific is expected to grow at a significant growth rate over the forecast period.�
Global Active Pharmaceutical Ingredients (API) Market is expected to reach a value of USD 239.8 billion by 2025, based on a new report by Grand View Research, Inc. The rising prevalence of lifestyle-induced & age-related diseases and cancer is projected to drive the market over the forecast period. Advancements in recombinant molecular technologies and high capitalization for development of novel drugs are also estimated to boost growth. Access Full Research Report on Active Pharmaceutical Ingredients (API) Market: http://www.grandviewresearch.com/industry-analysis/active-pharmaceuticalingredients-market Favourable government initiatives for increasing focus toward generic drugs is a key factor for market growth. Decrease in generic drug prices, higher acceptance in low
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