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Active Pharmaceutical Ingredients: Global Markets to 2024 | Technavio

LONDON–(BUSINESS WIRE)–#ActivePharmaceuticalIngredientsMarket–The active pharmaceutical ingredients market is expected to grow by USD 60.56 billion, progressing at a CAGR of over 6% during the forecast period.


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The increasing number of type II DMFs is one of the major factors propelling market growth.

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Active Pharmaceutical Ingredients Market: Manufacturing Type Landscape

The increased adoption of healthcare services has benefited the global APIs market significantly. The rising accessibility to affordable healthcare services has increased the demand for low-cost medicines. Consequently, the need for low-cost APIs is increasing for manufacturing finished drugs. To cater to the growing demand for low-cost drugs, innovators are switching to CMOs for outsourcing either the bulk actives or the late-stage intermediates. Market growth by the captive API segment will be slower than the growth of the market in the contract API segment.

Active Pharmaceutical Ingredients Market: Geographic Landscape

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Asia was the largest market for active pharmaceutical ingredients in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. The growing partnerships between Asian API manufacturers and global vendors, along with the policy revamp in the region, favoring intellectual properties, will significantly influence active pharmaceutical ingredients market growth in Asia over the forecast period. Almost 66% of the market’s growth will originate from Asia during the forecast period. Japan, China, and India are the key markets for active pharmaceutical ingredients in Asia. Market growth in this region will be faster than the growth of the market in other geographies.

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Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: CUSTOMER LANDSCAPE

PART 07: MARKET SEGMENTATION BY MANUFACTURING TYPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

PART 14: APPENDIX

PART 15: EXPLORE TECHNAVIO

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