PUNE, India, October 28, 2015 /PRNewswire/ --
According to a new market research report "Active Pharmaceutical Ingredients Market by type (Innovative, Generic), Type of Synthesis (Synthetic, Biotech), Type of Manufacturer (Captive, Merchant), Therapy (Oncology, diabetes, Orthopedic, CNS, Nephrology, Ophthalmology) - Global Forecast to 2020", the global Active Pharmaceutical Ingredients market is expected to reach USD 205.51 Billion by 2020 from USD 150 Billion in 2015, at a CAGR of 6.5% during the forecast period.
Browse 121 market data tables and 56 figures spread through 206 pages and in-depth TOC on "Active Pharmaceutical Ingredients Market"
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The report segments the APIs market based on types, type of manufacturer, type of synthesis, therapeutic area and regions. On the basis of type, the market is segmented into innovative and generic APIs. The innovative APIs segment is expected to account for the largest share of APIs market, by type, in 2015.
Among the type of manufacturer, the merchant APIs segment is expected to grow at the highest CAGR during the forecast period. Complexity and high expenses associated with in-house manufacturing of APIs as well as the increased competition from emerging contract manufacturers are propelling the growth of this segment.
Increasing global incidence of lifestyle and age-related diseases as well as cancer, technological advances in APIs manufacturing, increased awareness among people for better personal healthcare, government initiatives to increase availability and accessibility for better healthcare, and development of biologics and high potency APIs are propelling the growth of APIs market. On the other hand, the, stringent regulatory requirements and global economic recession may restrict market growth.
On the basis of region, the Active Pharmaceutical Ingredients Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to account for the largest share of this market in 2015 and will continue to dominate the market during the forecast period. The Asian market is poised to grow at the highest CAGR, mainly due to low labor and manufacturing costs, increasing disposable income, increasing population with lifestyle and age related diseases and governmental emphasis on healthcare reforms.
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The Active Pharmaceutical Ingredients Market is highly fragmented and competitive, with several big as well as emerging market players. Key market players include Teva Pharmaceuticals limited (Israel), Sun Pharmaceuticals Industries Limited (India), Dr. Reddy's Laboratories Ltd. (India), Aurobindo (India), Novartis International AG (Switzerland), Boehringer Ingelheim (Germany), Albemarle Corporation (U.S.), Sigma-Aldrich (U.S.), Mylan (U.K.), Allergan plc.(Ireland),
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