Global Active Pharmaceutical Ingredient Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Active Pharmaceutical Ingredient market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global active pharmaceutical ingredient market size was US$ 91.1 billion in 2021. The global active pharmaceutical ingredient market is forecast to grow to US$ 331.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Chemicals called Active Pharmaceutical Ingredients (API) are employed in the manufacture of medications. The drug contains physiologically active substances (APIs). The active pharmaceutical ingredient (API) and the excipient are the two components that make up any medication. The excipient is an inactive component of the medication that transports the API.
Factors Influencing the Market
Over the past few decades, there has been a sharp increase in the prevalence of chronic diseases such as diabetes, coronary artery disease, chronic obstructive pulmonary disease (COPD), asthma, hepatitis, arthritis, and cancer. The growing prevalence of these diseases, combined with the rising elderly population, will bring untapped potential opportunities for the market. According to the International Diabetes Federation, there will be 23.6 million new instances of cancer annually by 2030. Thus, it will benefit the active pharmaceutical ingredient market during the study period.
The need for biosimilars in a variety of therapeutic applications, as well as the expanding number of biologic pharmaceuticals that are no longer covered by patents, is expected to boost the growth of the active pharmaceutical ingredient market during the study period. Apart from that, generic versions of proprietary biologic drugs known as biosimilars do not need to adhere to the same stringent regulatory standards as branded biologic drugs. As a result, it makes them comparatively cost-effective, which will contribute to the growth of the overall active pharmaceutical ingredient market.
On the flip side, stringent government regulations associated with the use of active pharmaceutical ingredients may limit the growth of the market during the forecast period.
COVID-19 Impact Analysis
Almost every government body has raised investments in the healthcare and pharmaceuticals sector after the sudden onset of the COVID-19 pandemic, prompting the rate of R&D activities. Since active pharmaceutical ingredients play an essential role in the treatment of various diseases, the global market will witness lucrative growth opportunities in the coming years. However, the market witnessed several obstacles during the initial phase of the pandemic.
China is a significant source of many Active Pharmaceutical Ingredients; however, the government-imposed restrictions limited the import and export of goods. As a result, it hampered the growth of the active pharmaceutical ingredient market.
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Regional Analysis
North America is forecast to dominate the active pharmaceutical ingredient, owing to the rising occurrence of preventable chronic diseases, the growing geriatric population, and increasing government emphasis on generic drugs. Furthermore, the surging demand for biologics and specialty drugs, combined with the growing technological advancements in the sector, will boost the growth of the active pharmaceutical ingredient market during the study period.
Competitors in the Market
? Cipla
? Bristol Myers Squibb
? Boehringer Ingelheim GmbH
? BASF SE
? Aurobindo Pharma
? Albemarle Corporation
? Abbvie Inc.
? Dr. Reddy’s Laboratories Ltd
? Eli Lilly and Company
? Viatris Inc
? Other Prominent Players
Market Segmentation
The global active pharmaceutical ingredient market segmentation focuses on Type, Synthesis, Application, and Region.
By Type
? Innovative APIs
? Generic APIS
By Type of Synthesis
? Synthetic
? Biotech
By Application
? Communicable Diseases
? Oncology
? Diabetes
? Cardiovascular Disease
? Pain management
? Respiratory Diseases
? Others
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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