$213 Billion Active Pharmaceutical Ingredients/API Market by Type, Manufacturer, Synthesis, Product, Drug, Therapy - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Active Pharmaceutical Ingredients/API Market by Type (Innovative, Generic), Manufacturer (Captive, Merchant), Synthesis (Synthetic, Biotech), Product (mAb, Hormone) Drug (OTC, Rx), Therapy (Diabetes, Oncology, CNS, CVD) - Global Forecast to 2021" report to their offering.

The Active Pharmaceutical Ingredients Market in Terms of Value is Expected to Reach USD 213.97 Billion by 2021 from USD 157.95 Billion in 2016, Growing at a CAGR of 6.3% from 2016 to 2021

Major factors contributing to the growth of the active pharmaceutical ingredients market include increasing incidence of chronic diseases, rising prevalence of cancer, technological advancements in API manufacturing, growing importance of generics, rapidly increasing geriatric population, increase in abbreviated new drug applications (ANDA) and increasing uptake of biopharmaceuticals. Government initiatives to encourage adoption of generics also provide an impetus for the growth of this market.

For instance, in 2008, the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Government of India, launched the Jan Aushadhi Scheme (Public Medicine Scheme) for providing quality medicines to the masses at affordable prices. Under this initiative, the government set up Jan Aushadhi stores to provide generic drugs to patients.

Similarly, The European Union's decentralized procedure (DCP) for drug approval is an effective system for cross-border collaboration on the authorization of medicines. This is being used as a model for a number of new global initiatives in the harmonization of pharmaceutical regulatory standards. The implementation of such standards in turn is expected to drive the adoption of generic drugs.

Emerging biosimilars market, increasing scope for HPAPIs, emerging markets and emerging technologies have opened an array of opportunities for the active pharmaceutical ingredients market. However, factors such as a stringent regulatory requirements and unfavorable drug price control policies across various countries may restrain the growth of this market.

Market Dynamics

Drivers

  • Increasing Incidence of Chronic Diseases
  • Rising Prevalence of Cancer
  • Technological Advancements in Api Manufacturing
  • Growing Importance of Generics
  • Rapidly Increasing Geriatric Population
  • Increase in Abbreviated New Drug Applications (ANDA)
  • Increasing Uptake of Biopharmaceuticals

Restraints

  • Stringent Regulatory Requirements
  • Unfavorable Drug Price Control Policies Across Various Countries

Opportunities

  • Emerging Biosimilars Market
  • Increasing Scope for High-Potency Active Pharmaceutical Ingredients
  • Emerging Markets
  • Emerging Technologies

Challenges

  • Product Differentiation
  • High Manufacturing Costs

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Active Pharmaceutical Ingredients Market, by Type

7 Active Pharmaceutical Ingredients Market, by Type of Manufacturer

8 Active Pharmaceutical Ingredients Market, by Type of Synthesis

9 Active Pharmaceutical Ingredients Market, by Type of Drug

10 Active Pharmaceutical Ingredients Market, by Therapeutic Application

11 Active Pharmaceutical Ingredients Market, by Region

12 Competitive Landscape

13 Company Profiles

  • Abbvie Inc.
  • Boehringer Ingelheim
  • Bristol-Myers Squibb
  • Eli Lilly and Company
  • Glaxosmithkline Plc
  • Merck & Co., Inc.
  • Novartis International AG
  • Pfizer, Inc.
  • Sanofi
  • Teva Pharmaceutical Industries Ltd.

For more information about this report visit http://www.researchandmarkets.com/research/7zb7jq/active

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Pharmaceuticals, Drug Discovery

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Pharmaceuticals, Drug Discovery