The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Active Pharmaceutical Ingredients Global Market Report 2023, the active pharmaceutical ingredients market is expected to show significant growth in the forecast period.

Key insights from the active pharmaceutical ingredients market forecast include:

1. Market Size

The global active pharmaceutical ingredients market is expected to grow from $204.11 billion in 2022 to $218.40 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The active pharmaceutical ingredients market size is expected to grow to $275.36 billion in 2027 at a CAGR of 6.0%.

2. Major Driver

The rising prevalence of chronic diseases is likely to drive the growth of the active pharmaceutical ingredients market in the coming years.  According to the International Diabetes Federation (IDF), a Belgium-based global organisation that advocates for the global treatment, control, and cure of diabetes, the number of people with diabetes is expected to rise to 578 million by 2030, and 700 million by 2045, up from 463 million in 2019. Diabetes kills about half of adults under the age of 60, making it one of the top ten killers. As a result, the rising prevalence of chronic diseases will propel the active pharmaceutical ingredients market forward.

View More On The Active Pharmaceutical Ingredients Market Report 2023 – https://www.thebusinessresearchcompany.com/report/active-pharmaceutical-ingredients-global-market-report

3. Key Trend

API (active pharmaceutical ingredient) production technological innovation is a key trend gaining prominence in the active pharmaceutical ingredients market. To maintain their market position, major players are striving on introducing innovative technologies and processes in the optimised manufacturing of APIs such as continuous flow chemistry, innovations in lyophilization, powder handling, and process control. In May 2022, for example, NovAliX, a France-based clinical research organisation focused on drug discovery, ALYSOPHIL SAS, a France-based developer of an innovative industrial strategy based on continuous flow chemistry, De Dietrich Process Systems, a France-based global provider of engineered systems, process solutions, and process equipment, and Bruker will merge. An revolutionary approach for generating active pharmaceutical ingredients (APIs) has been introduced by a US-based creator, supplier, and seller of high-performance scientific equipment as well as analytical and diagnostic solutions. The PIPAc (Production Intelligente de Principes Actifs) project, based on a Smart Production of Active Ingredients model, aims to advance API manufacturing by severing the lengthy and often complex supply chains associated with pharmaceutical production and developing rapid-response mobile API production units ready for global deployment. By combining cutting-edge synthesis, continuous flow chemistry, and in-flow analysis with artificial intelligence, PIPAc will create a next-generation, autonomous, and optimised unit.

4. Largest Region

North America was the largest region in the active pharmaceutical ingredients market in 2022.

5. Major Players

Major players in the food diagnostics market are Albemarle Corporation, Aurobindo Pharma, Dr. Reddy’s Laboratories Ltd., AbbVie Inc., Teva Pharmaceutical Industries Ltd., Cipla Inc., Boehringer Ingelheim International GmbH, Merck KGaA, Sun Pharmaceutical Industries Ltd., Bristol-Myers Squibb Company, Mylan Pharmaceuticals ULC, BASF Corporation, Lupin, Johnson & Johnson Services Inc., and F. Hoffmann-La Roche Ltd.

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Key Active Pharmaceutical Ingredients Market Segments
The global active pharmaceutical ingredients market is segmented –
1) By Type: Innovative APIs (Active Pharmaceutical Ingredient), Generic APIs (Active Pharmaceutical Ingredient)
2) By Type Of Manufacturer: Captive Manufacturers, Merchant Manufacturers
3) By Type Of Synthesis: Synthetic APIs (Active Pharmaceutical Ingredient), Biotech APIs (Active Pharmaceutical Ingredient)
4) By Type Of Drug: Prescription Drugs, Over-The-Counter Drugs
5) By Therapeutic Application: Communicable Diseases, Oncology, Diabetes, Cardiovascular Disease, Pain Management, Respiratory Diseases, Other Therapeutic Applications

The Active Pharmaceutical Ingredients Global Market Report 2023  provides an in-depth analysis on the active pharmaceutical ingredients market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the active pharmaceutical ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Pharmaceutical API Manufacturing Global Market Report 2023
Pharmaceutical Excipients Global Market Report 2023
Pharmaceutical Processing Seals Global Market Report 2023

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