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Introduction: Sustained Growth in Pharmaceutical API Manufacturing

• Strong growth from $206.95 billion in 2023 to $219.76 billion in 2024.
• Expected compound annual growth rate (CAGR) of 6.2%.
• Drivers: increased pharmaceutical R&D, outsourcing preference, chronic illness prevalence, healthcare expenditure, patent expirations, and government policies.

Future Outlook: Anticipating Expansion

• Projected growth to $279.03 billion in 2028.
• Forecasted CAGR of 6.2%.
• Drivers: aging population, technological advancements, cancer prevalence, mergers and acquisitions, emerging economies.
• Major trends: production facility expansion, AI integration, greener manufacturing, QR code labeling.

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Rising Aging Population Fueling Growth In Pharmaceutical API Manufacturing

• Aging population drives increased pharmaceutical demand.
• WHO predicts 80% of seniors in low- and middle-income nations by 2050.
• Aging demographics lead to heightened pharmaceutical API demand, propelling market growth.

Leading Players: Driving Innovation

• Major companies: Pfizer Inc., Sanofi S.A, Teva Pharmaceutical Industries Ltd., and more.
• Diverse portfolios catering to various therapeutic needs.
• Focus on innovation and strategic partnerships.

Technological Advancements Streamlining The API Manufacturing Process

• Adoption of modern technologies enhances API manufacturing efficiency.
• Advances in Lyophilization optimize freeze-drying processes.
• Example: Telstar’s LyoGistics Zero improves hygiene in API manufacturing.

Piramal Pharma Ltd Strategic Acquisition Of Hemmo Pharmaceuticals

• Piramal Pharma Ltd. acquires Hemmo Pharmaceuticals for $105.8 million in March 2021.
• Acquisition expands PPS’s peptide API industry access and capabilities.
• Hemmo Pharmaceuticals brings expertise in peptide API manufacturing and development.

Market Segmentation: Understanding the Landscape

• Therapy area segments: Cardiovascular Disorders, Metabolic Disorders, Neurological Disorders, Oncology, Musculoskeletal Disorders, and others.
• API type segments: Chemical API, Biological API.
• Drug type segments: Prescription Drugs, Over-The-Counter (OTC) Drugs.

Regional Insights: Dynamics Across Geographies

• North America leads the market in 2023.
• The Middle East anticipates the fastest growth during the forecast period.

Conclusion: Advancing Pharmaceutical API Manufacturing

• Pharmaceutical API manufacturing market poised for robust expansion.
• Aging demographics, technological advancements, and strategic acquisitions drive growth.
• Adoption of greener practices and AI integration mark emerging trends.
• Regional dynamics underscore diverse opportunities for market stakeholders.

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