Worldwide Active Pharmaceutical Ingredient Industry to 2030 - Growing Importance of Generics is Driving the Market
DUBLIN, Nov. 12, 2021 /PRNewswire/ -- The "Active Pharmaceutical Ingredient Market Research Report: By Type of Manufacturer, Type, Type of Synthesis, Type of Drug, Therapeutic Application, Distribution Channel - Global Industry Revenue Estimation to 2030" report has been added to ResearchAndMarkets.com's offering.
The global active pharmaceutical ingredient market value stood at $184,311.2 million in 2020, and it is expected to surge to $357,005.7 million by 2030, demonstrating a CAGR of 6.9% from 2021 to 2030.
Mushrooming Geriatric Population: According to the World Health Organization (WHO), the surge in the average life expectancy in recent years has caused a sharp rise in the population of older people. As per the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years and above will rise from 727 million in 2020 to more than 1.5 billion by 2050. As geriatric people are vulnerable to chronic and acute illnesses due to their weak immune systems, their soaring population is driving the requirement for effective drugs, which is consequently fueling the expansion of the API market.
Increasing Occurrence of Chronic Diseases: With people following sedentary lifestyles and the prevalence of obesity increasing, the incidence of various chronic diseases, such as diabetes, is soaring across the globe. According to the WHO, 422 million people are currently living with it and the disease claims 1.6 million lives every year. Being a long-term disease, patients require constant medication, particularly insulin.
The COVID-19 pandemic has amplified the worldwide demand for pharmaceutical products. Due to the increasing number of patients, drug research and development activities, especially those aimed at finding an effective vaccine, have surged. Additionally, the API market has been positively impacted by the rising demand for such products during the pandemic. For instance, the Pharmaceutical Export Promotion Council (PHARMEXCIL) of India recorded a significant increase in the cost of penicillin, one of the most-well-known antibiotic APIs, from $6.16 per unit in January 2020 to $8.69 per unit in just one month.
In the past, the prescription drug category contributed the higher revenue to the API market, under the type of drug segment. The requirement for prescription drugs for managing complex chronic illnesses is rising across the world, thereby propelling the consumption of associated active ingredients.
The oncology category dominated the API market during the last few years, within the therapeutic application segment. The high incidence of cancer is resulting in the rising requirement for highly potent APIs (HPAPIs). As per the American Cancer Society, by 2021-end, nearly 1.9 million new cases of cancer and 608,570 related deaths will be reported in the U.S. Similarly, as per the WHO, there were 2,003,789 cases of various types of cancers in Southeast Asia in 2018. Moreover, the disease claimed the lives of 1,336,026 people in the same year.
Geographically, North America is predicted to dominate the API market in the forthcoming years due to the rising prevalence of and awareness on chronic and lifestyle-associated illnesses, surging focus of governments on generic drugs, soaring requirement for specialty drugs and biologics, rapid technological advancements, and increasing number of pharmaceutical R&D activities in the region. For instance, as per the Centers for Disease Control and Prevention (CDC), in 2018, chronic illnesses cost $3.5 trillion to the U.S. healthcare system.
The major players operating in the global API market are Dr. Reddy's Laboratories Ltd., Cipla Ltd., Novartis AG, Teva Pharmaceutical Industries Limited, Takeda Pharmaceutical Company Limited, Aurobindo Pharma Limited, Bristol-Myers Squibb Company, Alkem Laboratories Limited, MSN Laboratories Pvt. Ltd., AstraZeneca plc, GlaxoSmithKline plc, Mallinckrodt plc, Sun Pharmaceutical Industries Ltd., STADA Arzneimittel AG, Lupin Limited, Mylan N.V., Amneal Pharmaceuticals Inc., AbbVie Inc., Johnson & Johnson, Merck & Co. Inc., Glenmark Life Sciences Limited, Eli Lilly and Company, and Sanofi.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
5.1 World Aging Population
5.2 Global Pharmaceutical Market
5.2.1 Global Pharmaceutical Market Size
5.2.2 Global Pharmaceutical Market Breakdown, By Geography
5.2.3 Global Top 10 Selling Drugs
5.2.4 Global Pharmaceutical Market Share Analysis of Key Players (2019)
Chapter 6. Definition of Market Segments
6.1 By Type of Manufacturer
6.1.1 Captive
6.1.2 Merchant
6.2 By Type
6.2.1 Generic APIs
6.2.2 Innovative APIs
6.3 By Type of Synthesis
6.3.1 Biotech
6.3.2 Synthetic
6.4 By Type of Drug
6.4.1 Prescription Drugs
6.4.2 OTC Drugs
6.5 By Therapeutic Application
6.5.1 Oncology
6.5.2 Anti-diabetics
6.5.3 Anti-rheumatics
6.5.4 Vaccines
6.5.5 Antiviral
6.5.6 Bronchodilators
6.5.7 Sensory Organs
6.5.8 Anti-coagulants
6.5.9 Immunosuppressants
6.5.10 Dermatologicals
6.5.11 Others
6.6 By Distribution Channel
6.6.1 Offline
6.6.2 Online
Chapter 7. Industry Outlook
7.1 Market Dynamics
7.1.1 Trends
7.1.1.1 Partnerships and mergers & acquisitions
7.1.1.2 Technological advancement in API manufacturing
7.1.2 Drivers
7.1.2.1 Rising geriatric population
7.1.2.2 Increasing incidence of chronic diseases
7.1.2.3 Growing importance of generics
7.1.2.4 Impact analysis of drivers on market forecast
7.1.3 Restraints
7.1.3.1 High manufacturing costs
7.1.3.2 Unfavorable drug price control policies
7.1.3.3 Stringent regulations
7.1.3.4 Impact analysis of restraints on market forecast
7.2 Impact of COVID-19 on API Market
7.3 Porter's Five Forces Analysis
7.3.1 Bargaining Power of Buyers
7.3.2 Bargaining Power of Suppliers
7.3.3 Intensity of Rivalry
7.3.4 Threat of New Entrants
7.3.5 Threat of Substitutes
Chapter 8. Policy and Regulatory Landscape
8.1 North America
8.2 Europe
8.3 APAC
8.4 LATAM
8.5 MEA
Chapter 9. Global Market Size and Forecast
9.1 Overview
9.2 Market Revenue, by Type of Manufacturer (2015-2030)
9.3 Market Revenue, by Type (2015-2030)
9.4 Market Revenue, by Type of Synthesis (2015-2030)
9.5 Market Revenue, by Type of Drug (2015-2030)
9.6 Market Revenue, by Therapeutic Application (2015-2030)
9.7 Market Revenue, by Distribution Channel (2015-2030)
9.8 Market Revenue, by Region (2015-2030)
Chapter 10. North America Market Size and Forecast
Chapter 11. Europe Market Size and Forecast
Chapter 12. APAC Market Size and Forecast
Chapter 13. LATAM Market Size and Forecast
Chapter 14. MEA Market Size and Forecast
Chapter 15. U.S. Market Size and Forecast
Chapter 16. Canada Market Size and Forecast
Chapter 17. Germany Market Size and Forecast
Chapter 18. France Market Size and Forecast
Chapter 19. U.K. Market Size and Forecast
Chapter 20. Italy Market Size and Forecast
Chapter 21. Spain Market Size and Forecast
Chapter 22. Japan Market Size and Forecast
Chapter 23. China Market Size and Forecast
Chapter 24. India Market Size and Forecast
Chapter 25. Australia Market Size and Forecast
Chapter 26. South Korea Market Size and Forecast
Chapter 27. Brazil Market Size and Forecast
Chapter 28. Mexico Market Size and Forecast
Chapter 29. Saudi Arabia Market Size and Forecast
Chapter 30. U.A.E. Market Size and Forecast
Chapter 31. Competitive Landscape
31.1 Major API Molecules
31.2 Revenue Comparison of Major Players
31.3 Global Strategic Developments
31.3.1 Partnerships
31.3.2 Product Launches and Expansion
31.3.3 Mergers & Acquisitions
Chapter 32. Company Profiles
32.1 Cipla Ltd.
32.1.1 Business Overview
32.1.2 Product and Service Offerings
32.1.3 Key Financial Summary
32.2 Dr. Reddy's Laboratories Ltd.
32.2.1 Business Overview
32.2.2 Product and Service Offerings
32.2.3 Key Financial Summary
32.3 Teva Pharmaceutical Industries Limited
32.3.1 Business Overview
32.3.2 Product and Service Offerings
32.3.3 Key Financial Summary
32.4 Aurobindo Pharma Limited
32.4.1 Business Overview
32.4.2 Product and Service Offerings
32.4.3 Key Financial Summary
32.5 Novartis AG
32.5.1 Business Overview
32.5.2 Product and Service Offerings
32.5.3 Key Financial Summary
32.6 Pfizer Inc.
32.6.1 Business Overview
32.6.2 Product and Service Offerings
32.6.3 Key Financial Summary
32.7 Bristol-Myers Squibb Company
32.7.1 Business Overview
32.7.2 Product and Service Offerings
32.7.3 Key Financial Summary
32.8 Glenmark Life Sciences Limited
32.8.1 Business Overview
32.8.2 Product and Service Offerings
32.8.3 Key Financial Summary
32.9 Johnson & Johnson
32.9.1 Business Overview
32.9.2 Product and Service Offerings
32.9.3 Key Financial Summary
32.10 Merck & Co. Inc.
32.10.1 Business Overview
32.10.2 Product and Service Offerings
32.10.3 Key Financial Summary
32.11 AbbVie Inc.
32.11.1 Business Overview
32.11.2 Product and Service Offerings
32.11.3 Key Financial Summary
32.12 Eli Lilly and Company
32.12.1 Business Overview
32.12.2 Product and Service Offerings
32.12.3 Key Financial Summary
32.13 GlaxoSmithKline plc
32.13.1 Business Overview
32.13.2 Product and Service Offerings
32.13.3 Key Financial Summary
32.14 Sanofi
32.14.1 Business Overview
32.14.2 Product and Service Offerings
32.14.3 Key Financial Summary
32.15 Takeda Pharmaceutical Company Limited
32.15.1 Business Overview
32.15.2 Product and Service Offerings
32.15.3 Key Financial Summary
32.16 Amneal Pharmaceuticals Inc.
32.16.1 Business Overview
32.16.2 Product and Service Offerings
32.16.3 Key Financial Summary
32.17 AstraZeneca plc
32.17.1 Business Overview
32.17.2 Product and Service Offerings
32.17.3 Key Financial Summary
32.18 Sun Pharmaceutical Industries Ltd.
32.18.1 Business Overview
32.18.2 Product and Service Offerings
32.18.3 Key Financial Summary
32.19 Alkem Laboratories Limited
32.19.1 Business Overview
32.19.2 Product and Service Offerings
32.19.3 Key Financial Summary
32.20 Mylan N.V.
32.20.1 Business Overview
32.20.2 Product and Service Offerings
32.20.3 Key Financial Summary
32.21 Lupin Limited
32.21.1 Business Overview
32.21.2 Product and Service Offerings
32.21.3 Key Financial Summary
32.22 STADA Arzneimittel AG
32.22.1 Business Overview
32.22.2 Product and Service Offerings
32.22.3 Key Financial Summary
32.23 Mallinckrodt plc
32.23.1 Business Overview
32.23.2 Product and Service Offerings
32.23.3 Key Financial Summary
32.24 Glenmark Life Sciences Limited
32.24.1 Business Overview
32.24.2 Product and Service Offerings
32.24.3 Key Financial Summary
32.25 MSN Laboratories Pvt. Ltd.
32.25.1 Business Overview
32.25.2 Product and Service Offerings
Chapter 33. Appendix
"
For more information about this report visit https://www.researchandmarkets.com/r/kxqxdm
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
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: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article