In a recent published report, Kenneth Research has updated the market report for Active Pharmaceutical Ingredients/API Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Active Pharmaceutical Ingredients/API Market products.
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The global Active Pharmaceutical Ingredients/APImarket was valued at USD 157.87billion in 2016 and is projected to reach USD 271.97billionby 2025, growing at a CAGR of 6.23% from 2017 to 2025.
An active ingredient (AI) is the ingredient in a pharmaceutical drug that is biologically active. With increased investments and focus on API and its applications in R&D, the market is expected to grow at a high rate during the forecast period.
1. Market Drivers
1.1 Increasing Prevalence of chronic disorders
1.2 Increase cases of cancer
1.3 Technological advancements in API
1.4 Increasing geriatric population
1.5 Increasing scope of generics
1.6 Expansion of applications of biopharmaceuticals
2. Market Restraints
2.1 Unfavorable Drug pricing poilicies
2.2 Stringent regulations
1. By Therapeutic Application:
1.2 Cardiovascular Disease
1.4 Central Nervous System and Neurological Disorders
1.6 Other Therapeutic Applications
2. By Type of Drug:
2.1 Prescription Drugs
2.2 Over-The-Counter Drugs
2.3 Active Pharmaceutical Ingredients Market, By Potency
2.3.1 Low to Moderate Potency Active Pharmaceutical Ingredients
2.3.2 Potent to Highly Potent Active Pharmaceutical Ingredients
3. By Type of Synthesis:
3.1 Synthetic Active Pharmaceutical Ingredients
3.1.1 Innovative Synthetic APIs
3.1.2 Generic Synthetic APIs
3.2 Biotech Active Pharmaceutical Ingredients
3.2.1 By Type
220.127.116.11 Innovative Biotech APIs
3.2.2 By Product
18.104.22.168 Monoclonal Antibodies
22.214.171.124 Hormones and Growth Factors
126.96.36.199 Fusion Proteins
188.8.131.52 Therapeutic Enzymes
184.108.40.206 Blood Factors
3.2.3 By Expression System
220.127.116.11 Mammalian Expression Systems
18.104.22.168 Microbial Expression Systems
22.214.171.124 Yeast Expression Systems
126.96.36.199 Plant Expression Systems
188.8.131.52 Insect Expression Systems
4. By Type of manufacturer:
4.1 Captive Manufacturers
4.2 Merchant API Manufacturers
5. By Type:
5.1 Innovative Active Pharmaceutical Ingredients
5.2 Generic Active Pharmaceutical Ingredients
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Pfizer, Inc.
2. Novartis International AG
5. Bristol-Myers Squibb
6. Teva Pharmaceutical Industries Ltd.
7. ELI Lilly and Company
8. Glaxosmithkline PLC
9. Merck & Co., Inc.
10. Abbvie Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Active Pharmaceutical Ingredients/APImarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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