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Pharmaceutical API Manufacturing Global Market Report 2022: Rising Prevalence of Cancer and Rapid Technological Advancements Boost Growth

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Global Pharmaceutical API Manufacturing Market

Global Pharmaceutical API Manufacturing Market
Global Pharmaceutical API Manufacturing Market

Dublin, Jan. 24, 2023 (GLOBE NEWSWIRE) -- The "Pharmaceutical API Manufacturing Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.

This report describes and explains the pharmaceutical API manufacturing market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The global pharmaceutical API manufacturing market reached a value of nearly $184,949.84 million in 2021, having grown at a compound annual growth rate (CAGR) of 5.08% since 2016. The market is expected to grow from $184,949.84 million in 2021 to $248,026.93 million in 2026 at a rate of 6.04%. The market is then expected to grow at a CAGR of 5.89% from 2026 and reach $330,161.93 million in 2031

Growth in the historic period resulted from an increase in pharmaceutical R&D expenditure, increasing preference for outsourcing APIs, growing prevalence of chronic illness, increased healthcare expenditure, a rise in disposable income, an increase in patent expiration and growing government policies for API production. Factors that negatively affected growth in the historic period were stringent regulations for approval of pharmaceutical drugs, pricing pressures from regulators, coronavirus pandemic and high competition between API manufacturers.

Going forward, a rise in ageing population, rapid technological advancements, rising prevalence of cancer, increasing mergers and acquisitions and high potential of emerging economies will drive the growth. Factors that could hinder the growth of the pharmaceutical API manufacturing market in the future include rising popularity of alternative therapies and natural remedies, high cost of API and drug development with threat of failure and Russia-Ukraine war.

The pharmaceutical API manufacturing market is segmented by therapy area into cardiovascular disorders, metabolic disorders, neurological disorders, oncology, musculoskeletal disorders and other therapeutics uses. The other therapeutics uses market was the largest segment of the pharmaceutical API manufacturing market segmented by therapy area, accounting for 45.57% of the total in 2021. Going forward, the oncology segment is expected to be the fastest growing segment in the pharmaceutical API manufacturing market segmented by therapy area, at a CAGR of 8.44% during 2021-2026.

The pharmaceutical API manufacturing market is segmented by API type into chemical API and biological API. The chemical API market was the largest segment of the pharmaceutical API manufacturing market segmented by API type, accounting for 71.89% of the total in 2021. Going forward, the biological API segment is expected to be the fastest growing segment in the pharmaceutical API manufacturing market segmented by API type, at a CAGR of 7.00% during 2021-2026.

The pharmaceutical API manufacturing market is also segmented by drug type into prescription drugs and over-the-counter (OTC) drugs. The prescription drugs market was the largest segment of the pharmaceutical API manufacturing market segmented by drug type, accounting for 88.20% of the total in 2021. Going forward, over-the-counter (OTC) drugs segment is expected to be the fastest growing segment in the pharmaceutical API manufacturing market segmented by drug type, at a CAGR of 6.58% during 2021-2026.

Asia Pacific was the largest region in the pharmaceutical API manufacturing market, accounting for 36.71% of the total in 2021. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the pharmaceutical API manufacturing market will be Asia Pacific and North America where growth will be at CAGRs of 6.63% and 6.24% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 6.05% and 5.37% respectively.

Market-trend-based strategies for the pharmaceutical API manufacturing market include focus on production facility expansion, use of artificial intelligence (AI), focus on greener API manufacturing, increasing investments and focus on use of QR code labelling.

Player-adopted strategies in the pharmaceutical API manufacturing market include focus on launching new research centers, focus on expanding business presence by increasing investments and focus on customer service.

Report Attribute

Details

No. of Pages

296

Forecast Period

2021 - 2031

Estimated Market Value (Million) in 2021

Million184949.84 Million

Forecasted Market Value (Million) by 2031

Million330161.93 Million

Compound Annual Growth Rate

6.0%

Regions Covered

Global

Key Topics Covered:

1. Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction and Market Characteristics

7. Major Market Trends
7.1. Focus On Production Facility Expansion
7.2. Use Of Artificial Intelligence (AI)
7.3. Greener API Manufacturing
7.4. Increasing Investments
7.5. QR Code Labelling

8. Global Market Size And Growth

9. Global Market Segmentation

10. Global Market, Regional And Country Analysis

11. Asia-Pacific Market

12. Western Europe Market

13. Eastern Europe Market

14. North America Market

15. South America Market

16. Middle East Market

17. Africa Market

18. Competitive Landscape And Company Profiles

19. Pipeline Analysis

20. Key Mergers And Acquisitions

21. Opportunities And Strategies

22. Pharmaceutical API Manufacturing Market, Conclusions And Recommendations

23. Appendix

24. Copyright and Disclaimer

A selection of companies mentioned in this report includes

  • Pfizer Inc.

  • Sanofi S.A

  • Teva Pharmaceutical Industries Ltd.

  • Aurobindo Pharma

  • Dr. Reddy's Laboratories

For more information about this report visit https://www.researchandmarkets.com/r/bf1rgo

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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