Global Active Pharmaceutical Ingredients (API) Market, By Drug Type (Branded or Innovative Prescription Drugs, Generic Prescription Drugs, Over-The-Counter (OTC) Drugs), By API Type (Synthetic, Biological, Plant Extracts), By End User (Pharmaceutical & Biotechnological Industry, CROs, CMOs, Others), and opportunities and forecast 2020-2027
Active Pharmaceutical Ingredients (API) Market OverviewAny substance or mixture of substances used in a finished pharmaceutical product (FPP) that is intended to provide pharmacological action or otherwise have a direct impact in the diagnosis, remedy, mitigation, therapy, or prevention of disease, or to have a direct effect in repairing, correcting, or altering physiological functions in humans is referred to as an active pharmaceutical ingredient (API).
The global active pharmaceutical ingredients (API) market is being driven by an increase in the incidence of chronic diseases. According to the International Diabetes Federation, 463 million individuals were diagnosed with diabetes worldwide in 2019. Furthermore, by 2030, the number of new cancer cases is predicted to rise to 23.6 million each year. Aside from cancer, the prevalence of a variety of other diseases has increased. The active pharmaceutical ingredients (API) market is being driven by an increase in the prevalence of cancer, cardiovascular illnesses, and diabetes, as well as an increase in the geriatric population.
| Report Metric |
Details |
| Market size available for years |
2019–2027 |
| Base year considered |
2019 |
| Forecast period |
2020–2027 |
| Forecast unit |
Value (USD Million) |
| Segments covered |
Drug Type, API Type, End User, and Region. |
| Regions covered |
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered |
Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Sanofi, Pfizer, Inc., Novartis AG, Mylan N.V., Lonza, WuXi AppTec Co., Ltd., Piramal Pharma Solutions, Hisun USA, Inc., Ipca Laboratories Ltd., AbbVie, Inc., Alembic Pharmaceuticals Limited, BASF SE, Biocon Ltd. |
Covid-19 Impact on Active Pharmaceutical Ingredients (API) Market In addition, the current Active Pharmaceutical Ingredients (API) Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Active Pharmaceutical Ingredients (API) Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Active Pharmaceutical Ingredients (API) Market Segment Overview
According to Drug Type, the Branded or Innovative Prescription Drugs segment dominated the global active pharmaceutical ingredients (API) market in terms of revenue in 2020. Furthermore, By API Type, the synthetic is one of the largest segments in the market. By End User, the pharmaceutical & biotechnological industry segment holds the largest share of the market.
Active Pharmaceutical Ingredients (API) Market, By Drug Type
· Branded or Innovative Prescription Drugs
· Generic Prescription Drugs
· Over-The-Counter (OTC) Drugs
Active Pharmaceutical Ingredients (API) Market, By API Type
· Synthetic
· Biological
· Plant Extracts
Active Pharmaceutical Ingredients (API) Market, By End User
· Pharmaceutical & Biotechnological Industry
· CROs
· CMOs
· Others
Active Pharmaceutical Ingredients (API) Regional OverviewThe global Active Pharmaceutical Ingredients (API) Market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific is the most prominent region for the global Active Pharmaceutical Ingredients (API) Market. In the Asia Pacific, lung cancer is the main cause of cancer death. China alone is responsible for more than half of all cancer cases in the region. Cervical cancer is caused by changes in lifestyle and socio-cultural factors. India, Thailand, and China are three of the most affected countries in the Asia Pacific by breast cancer.
Active Pharmaceutical Ingredients (API) Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Active Pharmaceutical Ingredients (API) Market, Key Players· Merck & Co., Inc.
· Teva Pharmaceutical Industries Ltd.
· Sanofi
· Pfizer, Inc.
· Novartis AG
· Mylan N.V.
· Lonza
· WuXi AppTec Co., Ltd.
· Piramal Pharma Solutions
· Hisun USA, Inc.
· Ipca Laboratories Ltd.
· AbbVie, Inc.
· Alembic Pharmaceuticals Limited
· BASF SE
· Biocon Ltd.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Active Pharmaceutical Ingredients (API) market?
A. The global active pharmaceutical ingredients (API) market is being driven by an increase in the incidence of chronic diseases.
Q2. Which Segments are covered in the global Active Pharmaceutical Ingredients (API) market report?
A. Drug Type, API Type, End User, and Region. these segments are covered in the global Active Pharmaceutical Ingredients (API) market report
Q3. Which segment is projected to hold the largest share in the global Active Pharmaceutical Ingredients (API) market. ?
A. Branded or Innovative Prescription Drugs segment is projected to hold the largest share in the global Active Pharmaceutical Ingredients (API) market.
Q4. Which region holds the largest share in the global Active Pharmaceutical Ingredients (API) market?
A. Asia Pacific holds the largest share in the global Active Pharmaceutical Ingredients (API) market.
Q5. Which are the prominent players in the global Active Pharmaceutical Ingredients (API) market?
A. Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Sanofi, Pfizer, Inc., Novartis AG, Mylan N.V., Lonza, WuXi AppTec Co., Ltd., Piramal Pharma Solutions, Hisun USA, Inc., Ipca Laboratories Ltd., AbbVie, Inc., Alembic Pharmaceuticals Limited, BASF SE, Biocon Ltd. are some key players in the global Active Pharmaceutical Ingredients (API) market.
