The global Active Pharmaceutical Ingredients market was valued at USD 189.51 Billion in 2020 and is projected to reach USD 308.96 Billion by 2028, growing at a CAGR of 6.30% from 2021 to 2028.
Definition and Overview
Active Pharmaceutical Ingredients are responsible for the pharmaceutical effect of formulated medicines. Few drugs, like combination therapies, have various active ingredients to treat different symptoms or act in different ways. The high quality drugs that uses APIs for treating various diseases include oncology, cardiology, CNS and neurology, orthopaedic, pulmonology, gastroenterology, nephrology, ophthalmology, and endocrinology. APIs are helpful in creating sustainable healthcare system by introducing more innovative products.
The global Active Pharmaceutical Ingredients market report provides exhaustive analysis on segments, regions/countries, companies, and such several strategic marketing tools such as Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Downstream Buyers, List of distributors, and Value Chain Analysis among others. The report covers market size and estimations for each segment/region/country for the years 2016–2028. It provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. Moreover, the report includes a thorough analysis on competitive landscape comprising of extensive company profiles based on various parameters such as company overview, market revenue, business, product portfolio, and marketing strategies among others.
COVID-19 Impact Analysis
Outbreak of COVID-19 in 2020 compelled governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to restrict swift spread of COVID-19. However, these actions had a drastic impact on the global economy, as the companies across the globe were forced to either close or partially closed their operations, leading to supply chain disruptions and impairing of various industries. Moreover, in 2021 several key markets such as U.S., India, and Brazil among other witnessed second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
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The report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes:
- Impact Assessment of COVID-19 Pandemic
- Pre & Post COVID-19 Market Size
- Qualitative analysis on the short term & long-term impact of COVID-19 on the market
- The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Read Full Report:
The report delivers an acute breakdown of the market based on various segments such as Business Mode, Synthesis Type and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Business Mode, the market is divided into Captive API, Merchant API. Captive API is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Synthesis Type, the market is divided into Synthetic, Biotech. Biotech attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
About the Authors:
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