Global Active Pharmaceutical Ingredients (API) Market worth USD 154.88 billion in 2016 and expected to reach USD 224.63 billion by 2022, at a CAGR of 6.4% from 2016 to 2022.Chicago, IL (SBWIRE) 05/17/2017 According to the new market research report, "Active Pharmaceutical Ingredients (API) Market, by Manufacturer (Captive, Merchant), Synthesis (Synthetic, Biological), Drug Type (Generics, Branded), Classification (HPAPI, Others), Therapeutic Area (Cardiovascular Disorders, Metabolic Disorders, CNS, Oncology, Musculoskeletal Diseases, NSAIDs, Others) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global active pharmaceutical ingredient (API) market is expected to grow at a steady CAGR of 6.4% and reach USD 224.63 billion by the year 2022.
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The global active pharmaceutical ingredients (API) market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.
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Key findings of the report:
1. According to the report, the rapid advancements in biologics are one of the major driving factors for the global active pharmaceutical ingredients (API) market.
2. Apart from that, the rising local manufacturing and the growth in the number of aging population are also expected to drive the global active pharmaceutical ingredient (API) market during the forecast period.
3. The increasing awareness towards generic drugs and the growing government initiatives are also expected to boost the growth of the active pharmaceutical ingredients (API) market during the forecast period.
Detailed segmentation analysis of the active pharmaceutical ingredients (API) market
The report segments the global active pharmaceutical ingredient (API) market by manufacturers, synthesis, drug types, classifications, therapeutic areas, and geographic regions. The manufacturer segments are further divided into merchant and captive. The synthesis segment includes biological and synthetic. The drug types include generic and branded. The classifications include HPAPI and others. The therapeutic areas include metabolic disorders, cardiovascular diseases, NSAIDs, CNS, musculoskeletal diseases, oncology, and others. Based on the geographic regions, the global active pharmaceutical ingredient (API) market is further divided into North America, Asia-Pacific, Europe, and Rest of the World.
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The active pharmaceutical ingredients (API) market report provides analysis of the key players, including:
1. Teva Pharmaceutical Industries, Ltd
2. Sun Pharmaceutical Industries Ltd
3. Dr.Reddy's Laboratories
4. Aurobindo Pharma Ltd
5. Mylan N.V
6. Novartis AG
7. Cambrex Corporation
8. Boehringer Ingelheim GmbH
9. Pfizer, Inc
10. Lonza Group
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