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Active Pharmaceutical Ingredients Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Published : Dec 2022

Report ID: ARC146

Pages : 250

Format : Active Pharmaceutical Ingredients Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Active Pharmaceutical Ingredient Market Size accounted for USD 196.8 Billion in 2021 and is estimated to reach the value of  USD 342.9 Billion by 2030 growing at a CAGR of 6.5% from 2022 to 2030. Medications such as anti-infectives, diabetic, cardiovascular, analgesics, & pain management drugs have long dominated the active pharmaceutical ingredients (API) market growth. Furthermore, strategic initiatives like the introduction of new medicines and biological products, mergers, collaborations, and regional expansions are predicted to drive the active pharmaceutical ingredients (API) market value over the projected years.

North America region led with more than 39% active pharmaceutical ingredient market share in 2021

Active Pharmaceutical Ingredient Market Highlights

  • Global API market revenue intended to gain USD 342.9 billion by 2030 with a CAGR of 6.5% from 2022 to 2030
  • North America region led with more than 39% API market share in 2021
  • Asia-Pacific active pharmaceutical ingredient market growth will observe strongest CAGR from 2022 to 2030
  • By type of synthesis, synthetic APIs segment generated about 74% market share in 2021
  • By type, the innovative APIs segment engaged more than 66% of the total market share in 2021
  • Growing demands the highly potent APIs, drives the API market size

Active Pharmaceutical Ingredients are crucial for the medicinal effect of manufactured drugs. Few medications, such as combination therapies, include many active components that cure various symptoms or operate in unique ways. Oncology, CNS & neurology, cardiology, orthopedics, pulmonology, nephrology, ophthalmology, gastroenterology, and endocrinology are some of the high-quality medications that use APIs to treat diverse disorders. APIs are important in developing a sustainable medical system by bringing more creative products.

Asia-Pacific active pharmaceutical ingredient market growth will observe strongest CAGR from 2022 to 2030

Active Pharmaceutical Ingredient Market Trends

Market Drivers

  • Rising adoption of biologicals and biosimilars
  • Increasing the use of biopharmaceuticals
  • Growing rates of infectious, cardiovascular, genetic, and other chronic diseases
  • Growing focus on targeted therapy and technological improvement in API manufacturing

Market Restraints

  • High production cost
  • Unfavorable medicine pricing regulations in several nations

Market Opportunities

  • Growing demands the highly potent APIs
  • Growing incidence of cancer & rising sophistication in oncology drug research

API Market Report Coverage

Market Active Pharmaceutical Ingredient Market
API Market Size 2021 USD 196.8 Billion
API Market Forecast 2030 USD 342.9 Billion
API Market CAGR During 2022 - 2030 6.5%
API Market Analysis Period 2018 - 2030
API Market Base Year 2021
API Market Forecast Data 2022 - 2030
Segments Covered By Type of Synthesis, By Type of Manufacturer, By Type, By Application, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled AbbVie Inc., Merck & Co., Inc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd, Cipla, Inc., Albemarle Corporation, Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Mylan N.V., Aurobindo Pharma, and Dr. Reddy’s Laboratories Ltd.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Active Pharmaceutical Ingredient Market Insights

API is synthetically and organically dynamic parts of medications with a direct impact on the cure, moderation, treatment, and counteractive action of maladies. The worldwide API market size has seen enormous development in the course of the most recent couple of decades inferable from the expanded utilization of medications and biologics in the treatment of maladies. The expanding appropriation of value models in API manufacturing, for example, Good Manufacturing Practices (GMP), current GMP (cGMP), and the worldwide reception of International Conference on Harmonization (ICH) rules, has improved the security guidelines. On the other hand, the API business is confronting difficulties, for example, shortening the improvement time, diminishing the expense of advancement, improving the procedure structure, and fulfilling the quality guideline without settling on the benefit.

The global active pharmaceutical ingredients market is probably going to be impacted by an extensive number of innovative medications going off-patent in the ongoing years. There is an approaching requirement for mechanical advancements to keep up the benefit in high volume and a low esteem condition. The central point driving the market development is rising occurrences of oncology, cardiovascular, diabetes and lifestyle infections, the rising number of clinics and indicative focuses, the rising geriatric populace in emerging nations, expanding human services consumption, and expanding illness responsiveness and instruction. On the other hand, an absence skilled gifted workforce and constrained availability of medications in emerging nations are probably going to confine the market development.

Active Pharmaceutical Ingredient Market Growth 2022 - 2030

Active Pharmaceutical Ingredient Market Segmentation                                                                        

The worldwide API market segmentation is based on the type of synthesis, type of manufacturer, type, application, and geography.

API Market By Type of Synthesis

  • Biotech
    • Monoclonal Antibodies
    • Recombinant Proteins
    • Vaccines
  • Synthetic

By type of synthesis, synthetic APIs segment generated about 74% market share in 2021

According to an active pharmaceutical ingredient industry analysis, the synthetic API segment dominates the global market in 2021. This growth is due to increased raw material availability and simpler techniques for the manufacture of such compounds. Many synthetic chemicals are also likely to become non-patentable in the next years, which will increase growth.

API Market By Type of Manufacturer

  • Captive APIs
  • Merchant APIs

According to the active pharmaceutical ingredient market forecast, the captive API segment is expected to increase at a rapid pace in the coming years. This growth is due to easy raw material availability and significant investments by key players in the development of high-end production facilities. Moreover, major innovations and efforts by important companies indicate a strong preference for in-house production over outsourcing. Influences such as the significant expense of in-house development of these compounds and the growing demands for biopharmaceuticals are driving the segment growth.

Active Pharmaceutical Ingredient Market By Type

  • Innovative APIs
  • Generic APIs

By type, the innovative APIs segment engaged more than 66% of the total market share in 2021

In terms of type, the Innovative APIs segment accounted for a significant market share in 2021. This growth can be ascribed to increased R&D efforts for novel medicine development, as well as favorable government laws. Several innovative solutions are already in development as a consequence of substantial study in this subject and are likely to launch throughout the projected period. New industry participants are projected to fuel the APIs market expansion.

Active Pharmaceutical Ingredient Market By Application

  • Cardiology
  • Orthopedic
  • Oncology
  • Endocrinology
  • Pulmonology
  • Gastroenterology
  • CNS & Neurology
  • Nephrology
  • Ophthalmology
  • Others

In terms of application, the API market's oncology application segment is anticipated to grow at the quickest rate over the estimated time period. The segment is being driven by factors that include changing lifestyle choices and the rising occurrence of cancer. The growing popularity of sedentary lifestyles is increasing the incidence of numerous metabolic illnesses. In most nations, hormonal imbalance is becoming a significant concern. Thyroid & coupling hormone imbalances are examples of these illnesses. Levothyroxine is a well-known API for the treatment of hypothyroidism.

Active Pharmaceutical Ingredient Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

North America Holds Dominating Share of Active Pharmaceutical Ingredient Market

In terms of geography, North America leads the global API market in 2021. The primary factors driving the market's overall growth are rising chronic illness prevalence, increasing government focus on generic medications, growing preference for specialized medications and biologics, as well as technological developments in API production processes. Moreover, Asia-Pacific is predicted to develop at the quickest rate in the market over the forecast period. This expansion is owing to the initiatives of leading companies in the industry for establishing API business facilities in emerging economies like China and India.

Active Pharmaceutical Ingredient Market Players

The Active Pharmaceutical Ingredient (API) market is consolidated with a large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview, and revenues. Some of the top API market companies offered in the professional report include AbbVie Inc., Merck & Co., Inc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd, Cipla, Inc., Albemarle Corporation, Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Mylan N.V., Aurobindo Pharma, and Dr. Reddy’s Laboratories Ltd.

Frequently Asked Questions

How big is global active pharmaceutical ingredient (API) market?

The estimated value of global active pharmaceutical ingredient market in 2021 was accounted to be USD 196.8 Billion.

What is the CAGR of global active pharmaceutical ingredient market during forecast period of 2022 to 2030?

The projected CAGR active pharmaceutical ingredient market during the analysis period of 2022 to 2030 is 6.5%.

Which are the key players operating in the market?

The prominent players of the global active pharmaceutical ingredient market are AbbVie Inc., Merck & Co., Inc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd, Cipla, Inc., Albemarle Corporation, Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Mylan N.V., Aurobindo Pharma, and Dr. Reddy’s Laboratories Ltd.

Which region held the dominating position in the global active pharmaceutical ingredient market?

North America held the dominating active pharmaceutical ingredient during the analysis period of 2022 to 2030.

Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?

Asia-Pacific region exhibited fastest growing CAGR for active pharmaceutical ingredient during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global active pharmaceutical ingredient market?

Rising adoption of biologicals and biosimilars and growing rates of infectious, cardiovascular, genetic, and other chronic diseases drives the growth of global active pharmaceutical ingredient market.

By type of synthesis segment, which sub-segment held the maximum share?

Based on type of synthesis, synthetic segment is expected to hold the maximum share active pharmaceutical ingredient market.

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