Active Pharmaceutical Ingredient Market Rise in Sustainability Around The World | 2019 – 2028
Active Pharmaceutical Ingredients(API) is commonly referred as ‘Drug substance” or ‘Bulk pharmaceutical chemical’. Active ingredient is the substance which is biologically active in pharmaceutical drug. Active Pharmaceutical Ingredients (API) of good quality are core to the manufacturing of effective and safe essential drugs. Initially only limited number of large manufacturers of finished pharmaceutical products have their own API manufacturing plants. The majority of manufacturers used to buy all APIs from the open market. Some drug contains more than one active pharmaceutical ingredients.
Key Factors which drives the active pharmaceutical ingredients markets are advancement in manufacturing technology for producing API, growing industrialization, increase frequency of chronic diseases, rise in prevalence of cancer. Other factors such as increase in population, increase in number of diseases, uses of APIs in various therapeutic area such as cardiovascular, oncology, dermatology, metabolic diseases, respiratory etc.
Increase in the number of FDA approvals for new molecular entities, large scale manufacturers are now focusing on active pharmaceutical ingredient(API) production, most of the major generic drug manufacturing companies have their own API manufacturing facility are the trend witnessed in global active pharmaceutical ingredient market. Biological ingredient is expected to be fastest growing segment in the global API market.
The global active pharmaceutical ingredient market report has been segmented on the basis of manufacturing process, API type, drug type, therapeutic area and region. On the basis of region, the global active pharmaceutical ingredient market is segmented into North America, Europe, Asia Pacific,
Latin America, Middle East & Africa.
Currently, the market in North America dominates the active pharmaceutical ingredient markets in terms of revenue. The market in Asia Pacific is projected to have fastest growing market. However, increasing acceptance and increasing penetration are enhancing the biopharmaceuticals drug market in both developed and developing economies.
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Global active pharmaceutical ingredient market segmentation by manufacturing process:
- Captive Manufacturing
- Contract Manufacturing
Global active pharmaceutical ingredient market segmentation by API type:
- Synthetic Chemical API
- Biological API
Global active pharmaceutical ingredient market segmentation by drug type:
- Branded Drugs
- Generic Drugs
Global active pharmaceutical ingredient market segmentation by therapeutic area:
- Cardiovascular Disorders
- Metabolic Disorders
- Neurological Disorders
- Musculoskeletal Disorders
- Other Therapeutics Uses (including dermatology, ENT, Haematology, Ophthalmology etc.)
Key players in active pharmaceutical ingredient markets are AstraZeneca PLC, Mylan Pharmaceuticals Inc., Roche AG, Pfizer Inc., Merck & Co., Inc., Johnson & Johnson Inc., Sanofi S.A. , GlaxoSmithKline Plc, Novartis AG and Eli Lilly & Co.