Global Active Pharmaceutical Ingredients (API) Market at a CAGR of 6.50% forecast period to 2024, Worldwide Competitors-Sanofi, Eli Lilly and Company, Boehringer Ingelheim, AbbVie Inc.
Global Active Pharmaceutical Ingredients (API) Market marketing research report could be a resource that provides current additionally as future technical and monetary details of the trade to 2025.The report proves essential once it involves market definition, classifications, applications and engagements. The global market is classified by type, product type, and material type, and application, vertical and end-use applications. In the next piece, the market was categorized as a presentation. Global Active Pharmaceutical Ingredients (API) Market industry data and information are taken from reliable sources such as websites, company annual reports, newspapers, and others, and the market experts have checked and validated them.
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 to 2024.
Major Market Competitors:
Some of the major players operating in active pharmaceutical ingredients (API) market are-Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., GlaxoSmithKline plc, Novartis International AG, Dr. Reddy’s Laboratories Ltd., AbbVie Inc., Bristol-Myers Squibb Company, Pfizer, Inc., Sanofi, Eli Lilly and Company, Boehringer Ingelheim, Sun Pharmaceutical Industries Limited, Aurobindo Pharma, Lupin, Albemarle Corporation,and Mylan N.V., among others.
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Market Definition: Global Active Pharmaceutical Ingredients (API) Market
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 Segmentation:
On the basis of product type, Active Pharmaceutical Ingredients (API) market is segmented into innovative and generic product.In 2015 innovative products dominatedthe 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, and 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, andBrazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis:
The Active Pharmaceutical Ingredients (API) Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of active pharmaceutical ingredients(API) marketfor global, Europe, North America, Asia Pacific and South America.
Table of Contents:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Market Size-by Manufacturers
Chapter 4: Production-by Regions
Chapter 5: Consumption-by Regions
Chapter 6: Market Size-by Type
Chapter 7: Market Size-by Application
Chapter 8: Manufacturers Profiles
Chapter 9: Production Forecasts
Chapter 10: Consumption Forecast
Chapter 11: Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12: Opportunities & Challenges, Threat and Affecting Factors
Chapter 13: Key Findings
Chapter 14: Appendix
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Points to pounder in the report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides five-year forecast assessed on the basis of how the market is predicted to grow
- Strategies of key players and product offerings
- In-depth market segmentation
- Recent industry trends and developments
Focusing points in the report
- Key trends in the market place
- Major players and brands
- Drivers and restrains of the market
- Strategies of key players and product offerings
- In-depth market segmentation
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Major Market Drivers and Restraints:
- Rising geriatric population
- Expansion in frequency of chronic diseases
- Increment in Abbreviated New Medication Applications (ANDA)
- Growth in technological advancement
- Unfavourable medication value and policies
- Stringent administrative prerequisites
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