Global Active Pharmaceutical Ingredients Market Size Research Report 2022

Posted by sandeep gade on December 9th, 2022

 Active pharmaceutical ingredients are drugs used for chronic diseases such as neuropathic pain, pulmonary diseases, cancer, diabetes, and heart diseases. However, these ingredients have both, benefits as well as adverse effects.

Pharma companies have focused on modernizing their manufacturing methods to improve overall product quality. This also means automation in process development, something that was previously done manually. Installing equipment with large capacities in terms of volume also enables greater production yield.

According to the revised report published by Persistence Market Research, the global active pharmaceutical ingredient market valued at around US$ 180 Bn in 2020, and is predicted to expand at a CAGR of more than 4% over the forecast period (2021–2031).

Key Takeaways from Market Study

•          Small molecule active pharmaceutical ingredients are expected to contribute more than 91% revenue share in the market by 2031, owing to their wide availability and potency to relieve moderate to severe pain, usually after a surgery or traumatic injury.
•          Non-controlled substances are expected to account for more than half of the global market share.
•          Among all the end users, pharmaceutical companies accounted for more market share than others.
•          East Asia holds the highest share in the global active pharmaceutical ingredient market, owing to the presence of more CMOs, high healthcare expenditure, and growing research & development efforts in the region.
•          Key players are focused on strengthening their clinical pipelines with new discoveries of novel abuse-deterrent formulations.
•          The market in the India is projected expand at a CAGR around 4% through 2021-2031. The U.S. holds a big portion of global revenue, and accounts for more than 87% share in the North America market.

“Strong growth in demand is being witnessed for small molecules, owing to their potency, efficacy, and safety,” says an analyst of Persistence Market Research.

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