IMARC Group’s latest report, titled “Active Pharmaceutical Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the global active pharmaceutical ingredients market size reached a value of US$ 200.6 Billion in 2020. Active pharmaceutical ingredient (API) refers to the biological substance or combination of substances used in a pharmaceutical drug (e.g., tablet, capsule). It is one of the primary ingredients utilized in the manufacturing of medicines. In combination therapies, two or more active ingredients are used to trea0t different disease symptoms. Stringent quality control regulations are followed in the manufacturing of APIs as they represent the main component considered while making the prescription.
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The increasing affordability of active pharmaceutical ingredients is primarily driving the market growth. Additionally, the growing number of blockbuster patent expiries are creating enormous opportunities for generic APIs. The market is further catalyzed by the high potency of APIs to treat diseases beyond the scope of small molecule drugs. Other factors, including the growing geriatric population, rising expenditures on healthcare services, increasing prevalence of lifestyle diseases, etc., will continue to drive the market for APIs. Looking forward, IMARC Group expects the global active pharmaceutical ingredients (API) market to exhibit moderate growth during the forecast period (2021-2026).
Market Breakup by Drug Type:
- Innovative Active Pharmaceutical Ingredients
- Generic Active Pharmaceutical Ingredients
Market Breakup by Therapeutic Application:
- Cardiovascular and Respiratory
- Central Nervous System Disorders
- Neurological Disorders
Market Breakup by Synthesis:
- Synthetic Active Pharmaceutical Ingredients Type
- Innovative Synthetic APIs
- Generic Synthetic APIs
- Biotech Active Pharmaceutical Ingredients Type
- Innovative Biotech APIs
- Biotech Active Pharmaceutical Ingredients Product
- Monoclonal Antibodies
- Fusion Proteins
- Therapeutic Enzymes
- Blood Factors
- Biotech Active Pharmaceutical Ingredients Expression System
- Mammalian Expression Systems
- Microbial Expression Systems
- Yeast Expression Systems
- Transgenic Animal Systems
On the basis of the type of manufacturers, captive manufacturers exhibit a clear dominance in the market, followed by merchant API manufacturers.The market has been segregated based on the type of synthesis into synthetic and biotech APIs. At present, synthetic APIs account for the largest market share.
Region-wise, North America enjoys the leading position in the market. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape with Key Player:
- Pfizer Inc.
- Novartis International AG
- Boehringer Ingelheim
- Bristol-Myers Squibb
- Teva Pharmaceutical Industries Ltd.
- ELI Lilly and Company
- Merck & Co. Inc.
- Abbvie Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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