The 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.
Global Active Pharmaceutical Ingr…ts (API) Market, By ProductType (Innovative, Generic), Manufacturer (Captive, Merchant), Synthesis (Synthetic, Biotech), Product (mAb, Hormone), Drug (OTC, Rx), Therapy (Diabetes, Oncology, CNS, CVD), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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API is constantly increasing the outsourcing along with different methods of formulation of active drug ingredients due to the expiration of patent of branded drugs as a result there is no use of investing in R&D activities which can benefit the company or the manufacturers. Therefore manufacturers generally prefer generic drugs over the branded or recognized ones because of the growing sales in API market.
Active Pharmaceutical Ingredients (API) Market – Market Segmentation:
The Global Active Pharmaceutical Ingr…ts (API) Market,is segmented on the basis of type, manufacturer, synthesis, product,drug, therapy, and geography.
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Active Pharmaceutical Ingredients (API)Market – Geographical Segmentation:
- North America
- South America
- Middle East and Africa
Some of the major players operating in this market are
- Teva Pharmaceutical Industries Ltd
- Merck & Co., Inc
- GlaxoSmithKline plc
- Novartis International AG
- 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,
- Mylan N.V.,
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Active Pharmaceutical Ingredients (API) Market– Competitive Landscape:
The Active Pharmaceutical Ingredients (API) Market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market.
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