(PharmaNewsWire.Com, January 23, 2018 ) Global Active Pharmaceutical Ingredients (API) Market accounted to USD 155.1 billion in 2016 growing at a CAGR of 6.50% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Active Pharmaceutical ingredients are central ingredient or chemical utilized as a part in manufacturing pharmaceutical medications. It consists of certain steps by procedures, such as chemical synthetic, recombinant DNA or other biotechnology techniques, maturation process, segregation from natural sources or any of these combinations.
Market Competitors of Global Active Pharmaceutical Ingredients (API):
Teva Pharmaceutical Industries Ltd.
Merck & Co., Inc.
GlaxoSmithKline plc
Novartis International AG
Dr. Reddys Laboratories Ltd.
AbbVie Inc.
Bristol-Myers Squibb Company
Pfizer, Inc.
Sanofi
Mylan N.V.
Among others
Market Segmentation of Global Active Pharmaceutical Ingredients (API) Market
On the basis of product type, Active Pharmaceutical Ingredients (API) market is segmented into innovative and generic product. In 2015 innovative products dominated the market but in future period generic product will dominate growth in the market due to patent expiration of various renowned drugs as the manufacturer facedhuge losses.
On the basis of manufacture, active pharmaceutical ingredients (API) market is segmented into captive and merchant. Here merchant segment will be dominating in forecastperiod because of expansion in outsourcing with different units for the formulation of active drug ingredients and need not to invest in manufacturing sectors.
Based on synthesis, active pharmaceutical ingredients (API) market is segmented into synthetic and biotech. In 2015, synthetic segment was leading with the largest market share. The rising demand for protein based therapeutics and increase in R&D techniques will definitely contribute towards growth in the forecast period.
On the basis of product, active pharmaceutical ingredients (API)market is segmented intomAb and hormone. Based on drug, active pharmaceutical ingredients (API) market is segmented into OTC and RX.
On the basis of therapy, active pharmaceutical ingredients (API) market is segmented into diabetes, oncology, CNS, and CVD.
On the basis of geography, active pharmaceutical ingredients (API) market report covers data points for 28 countries across multiple geographies such as
North America & South America
Europe
Asia-Pacific
Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Major Players in Active Pharmaceutical Ingredients (API) Market are included which give a brief analysis of following points:
Market Overview
Market Dynamics
Drivers, Restraints, Opportunities and Challenges
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