Global Active Pharmaceutical Ingredients Market to Reach US$190 Billion by 2020 – Market Research Reports.Biz

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Marketresearchreports.biz has released a research report titled “Global Active Pharmaceutical Ingredients Market Trends & Forecast to 2020”, which details the facts and figures of the global active pharmaceutical ingredients market.

The global active pharmaceutical ingredients market is expected to grow at a CAGR of 6.5% from 2014 to 2020. This puts the market at an estimated market value of US$190 billion in 2020. The prime driving factors for the global active pharmaceutical ingredients market include high uptake of biologics, major drug patent expiration, and rising sale of generic medicine.

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The report states High Potential Active Pharmaceutical Ingredients (HPAPI) as being another driving factor in the global active pharmaceutical ingredients market. These compounds are known to be highly effective in the treatment of diseases such as cancer, hormonal imbalances, and respiratory imbalances. The growth of HPAPIs is mainly due to its therapeutic applications in oncology.

The report lists multiple areas of segmentation of the global active pharmaceutical ingredients market, either according to synthesis, business type, therapeutic applications and region. It says that nearly 40% of the global active pharmaceutical ingredients market was held by cardiovascular therapeutic applications in 2013.

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Other segments of the global active pharmaceutical ingredients market according to therapeutic applications are genitourinary disorders, respiratory disorders, hormone related disorders, central nervous system disorders, metabolic disorders, oncology, anti-infectives, and others.

The report also pegs captive and merchant as the two business types in the global active pharmaceutical ingredients market, along with the regions of North America, Asia Pacific, Europe, Rest of the World.

The segments of the global active pharmaceutical ingredients market according to synthesis include synthetic chemical API, biotech API, iologics, iosimilars, insulin analog, vaccines, monoclonal antibodies, mammalian cell culture, generic or non branded drugs, HPAPI, recombinant proteins, interferon manufacturing.

The segment of synthetic API held the largest market share in 2013. The segment is reported to grow at a steady pace. The report also says that the fastest rate of growth belongs to biotech API in the forecast period. This growth is largely driven by recombinant proteins and monoclonal antibodies.

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The geographic segments listed by the report are North America, Europe, LATAM and MENA.

The report lists the various major players in the global active pharmaceutical ingredients market including Boehringer Ingelheim GmbH, Lupin, Dr. Reddy’s Lab, Albemarle Corporation, Cambrex Corporation, Aurobindo, Novartis, and Lonza Group.

The report explains that active pharmaceutical ingredients are the substances of an active nature in a drug that is intended to achieve activity of a pharmacological nature. These drugs have a direct effect on the diagnosis or even the treatment of a particular disease. APIs are created through chemical means, fermentation, or biotechnological methods. They are also obtained from natural sources and improved.

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