Active Pharmaceutical Ingredients Market Analysis,
Size, Growth, Share, Trend, Forecast 2023 – 2030
Active Pharmaceutical Ingredients Market Growth & Trends
The global active pharmaceutical ingredients market size is expected to reach USD 352.98 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.0% during the forecast period, according to a new report by Grand View Research, Inc. The market is driven by the growth of the biopharmaceutical sector, advancements in active pharmaceutical Ingredients (API) manufacturing, and an increase in the geriatric population.
The growth of the captive API segment is propelled by companies investing in solving challenges and developing new chemical ways for the production of APIs in-house. This aids in reducing costs and the risk of contamination. Artificial intelligence and protein synthesis are expected to facilitate faster development with greater control over the process.
The rising prevalence of chronic and lifestyle-based conditions, such as cardiovascular diseases, is accelerating the demand for API. For instance, as per U.S. Pharmacist in 2020, 47% of adults have at least one risk factor that supports cardiovascular disease development. Cardiovascular diseases are one of the global, critical public health burdens driving extensive R&D for APIs in the field.
Browse full report with Table of Content (PDF with All Related Graph and Chart)
@: https://www.grandviewresearch.com/industry-analysis/active-pharmaceutical-ingredients-market
To address unmet medical needs, companies are collaborating to develop novel treatments. This allows firms to use their resources to aid in the development of products and enhance the supply chain. In November 2021, Merck & Co Inc. announced that it has acquired Acceleron Pharma, this acquisition would help Merck & Co to expand their cardiovascular portfolio and pipeline.
Active Pharmaceutical Ingredients Market Report Highlights
Innovative APIs held the largest share of 47.07% in 2022, owing to increasing research and development activities for novel drug development and positive government initiatives
The cardiovascular disease segment held the largest revenue share of 21.54% in 2022, attributed to the rising prevalence of target disease globally
The synthetic API segment dominated the market with the largest revenue share of 72.6% in 2021, owing to the higher availability of raw materials and easier protocols for the synthesis of these molecules
North America accounted for the largest revenue share of 38.80% in 2021 and is expected to maintain its lead over the forecast period. This is attributed to the rising epidemiology of cancer, along with other lifestyle-induced diseases, thus encouraging the R&D activities, thereby boosting the market growth
Active Pharmaceutical Ingredients Market Segmentation
GrandViewResearchhassegmentedtheglobalactivepharmaceuticalIngredients marketbasedonthetypeofsynthesis,typeofmanufacturer,type,application,typeof drugandregion:
Active Pharmaceutical Ingredients Type of Synthesis Outlook (Revenue, USD Billion, 2018 - 2030)
Biotech
o BiotechAPIsMarket,ByType(Revenue,USDBillion,20182030)
o GenericAPIs
o InnovativeAPIs
o BiotechAPIsMarket,ByType(Revenue,USDBillion,20182030)
o MonoclonalAntibodies
o Hormones
o Cytokines
Synthetic
o RecombinantProteins
o TherapeuticEnzymes
o Vaccines
o BloodFactors
o SyntheticAPIsMarket,ByType(Revenue,USDBillion,2018 -2030)
o GenericAPIs
o InnovativeAPIs
Active Pharmaceutical Ingredients Type of Manufacturer Outlook (Revenue, USD Billion, 2018 - 2030)
CaptiveAPIs
MerchantAPIs
o MerchantAPIsMarket,ByType(Revenue,USDBillion,2018 -2030)
o GenericAPIs
o InnovativeAPIs
o MerchantAPIsMarket,ByType(Revenue,USDBillion,2018 -2030)
o Biotech
o Synthetic
Active Pharmaceutical Ingredients Type Outlook (Revenue, USD Billion, 20182030)
GenericAPIs
InnovativeAPIs
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/active-pharmaceutical-ingredientsmarket/request/rs1
Active Pharmaceutical Ingredients Type of Drug (Revenue, USD Billion, 20182030)
PrescriptionDrugs
Over-the-counterDrugs
Active Pharmaceutical Ingredients Application Outlook (Revenue, USD Billion, 2018 - 2030)
CardiovascularDiseases
Oncology
CNSandNeurology
Orthopedic
Endocrinology
Pulmonology
Gastroenterology
Nephrology
Ophthalmology
Others
Active Pharmaceutical Ingredients Regional Outlook (Revenue, USD Billion, 20182030)
NorthAmerica
o U.S.
o Canada
Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
o Hungary
AsiaPacific
o Japan
o China
o India
o SouthKorea
o Australia
LatinAmerica
o Brazil
o Mexico
o Argentina
MiddleEast&Africa
o SouthAfrica
o UAE
o SaudiArabia
o Egypt
o Israel
List of Key Players in the Active Pharmaceutical Ingredients Market
Merck&Co.,Inc.
AbbVie,Inc.
Bristol-MyersSquibbCompany
BoehringerIngelheimInternationalGmbH
Cipla,Inc.
TevaPharmaceuticalIndustriesLtd.
AlbemarleCorporation
ViatrisInc.
AurobindoPharma
SunPharmaceuticalIndustriesLtd.
Dr.Reddy’sLaboratoriesLtd.
For Requesting a Free Consultation https://www.grandviewresearch.com/request-freeconsultation/658/rfc
Why Purchase this Report?
A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
The report provides a holistic view of the Active Pharmaceutical Ingredients Market.
The latest product launches, along with technological changes and developments, are included in the report.
The data analysis in the report will help you Active Pharmaceutical Ingredients Market dynamics projected from 2022 - 2030
The Report has a vast data store, so it can accommodate your custom needs as well.
Highlights Points of the Market:
The latest information on how the market is evolving to formulate their sales and marketing strategies. This Market report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth.
The market report covers the key challenges, competitive landscape, and demographic analysis that can help companies get insight into the country-specific variations.
The analysts also emphasize on the key trends and the future opportunities that can be explored in the region than can help companies in revenue expansion.
To gain competitive intelligence about leading companies with information about their market share and growth rates.
Know More Related Report:
Biodegradable Plastic Packaging Market Size, Share & Trends Analysis Report By Ingredient, By Source, By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2027
Top And Emerging Biofuels Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025
Bio-based Itaconic Acid Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025
Rhamnolipids Market Analysis, Market Size, Application, Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2015 To 2022
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.