World API Market Discussed by Stratistics Market Research Consulting in New Report Published at MarketPublishers.com02 Nov 2015 • by Natalie Aster
LONDON – The value of the worldwide market for active pharmaceutical ingredients (API) amounted to USD 121.4 billion as of 2014 and is expected to reach USD 198.8 billion by 2022-end, recording a 6.4% CAGR. A number of factors like patent expiration of leading drugs, government legislative initiatives, regional penetration, and rising elderly population are fuelling the market. Nevertheless, the market growth is being hampered by strict validation and safety guidelines issued by the World Health Organisation and fragmented market.
The anti-infectives application grabbed the lion’s market share as of 2014, whereas the oncology application is likely to post the highest growth at a CAGR of over 8.8% through to 2022. Geography-wise, North America takes the lead in the global API market owing to its highly developed R&D projects in the field of medical sciences, therapies, and drug products. APAC is expected to grow at the fastest CAGR of over 8%, due to favourable investments in health and medical research and patent expirations of drugs.
Dr. Reddy’s Laboratories, WuXi Apptec, Pfizer, Teva Pharmaceutical, Novartis, Mylan, Actavis, BASF, Cambrex and Novartis are among the top players in the market.
New insightful report “Active Pharmaceutical Ingredients Global Market Outlook - Trends, Forecast, and Opportunity Assessment (2014-2022)” developed by Stratistics Market Research Consulting delves into the world API market, analysing and segmenting it by types of API, type of manufacturing, therapeutic applications, and geography. The study presents market share assessments for the segments region- and country-wise, key industry players’ market shares, strategic recommendations, detailed forecasts to 2022 of the market segments and sub segments and also the regional markets. The report provides deep insights into key market growth drivers & constraints, threats, challenges, opportunities, trends, investment opportunities. Strategic recommendations in key business segments based on the market estimations are provided. The study canvasses the competitive landscape uncovering the key common trends, profiles the leading companies covering their strategies, recent developments, and financials. Supply chain trends limelighting the latest technology advances are discussed, too.
Active Pharmaceutical Ingredients Global Market Outlook - Trends, Forecast, and Opportunity Assessment (2014-2022)
Published: October, 2015
Price: US$ 4,150.00
More reports by the publisher can be found at Stratistics Market Research Consulting page.