Market Analysis and Insights:-Global API Intermediates Market
Market Analysis and Insights: Global API Intermediates Market
The API intermediates market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.4% in the forecast period of 2021 to 2028 and is expected to reach USD 37,423.56 million by 2028. High burden of chronic diseases is acting as a driver for growing the demand of global API intermediates market.
Active pharmaceutical ingredients are the substance or combination of substances intended to be used in the manufacturing of a drug product which when used in the production of the drug, becomes an active pharmaceutical ingredient. Such substances are used to provide pharmacological activity.
Utilization of advanced technology in API and intermediates manufacturing is acting as a driver for boosting the demand of the global API intermediates market. Stringent government regulations for API intermediates are acting as a restraint for hampering the demand of the global API intermediates market. Rise in number of contract manufacturing organizations (CDMO) and contract research organizations (CMO) will further increase the growth opportunities for the global API intermediates market. Disruption in the supply chain of API intermediates due to COVID-19 acts challenging for the healthcare providers which may challenge the global API intermediates market.
The API intermediates market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the API intermediates market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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API Intermediates Market Scope and Market Size
The API intermediates market is segmented on the basis of the type, product, therapeutic class, customers, end users and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the API intermediates market is segmented into veterinary drug intermediates and pharmaceutical / bulk drug intermediates. In 2021, pharmaceutical / bulk drug intermediates segment is expected to dominate the API intermediates market due to the rising demand of APIs for the production of finished goods and rising prevalence of various diseases which required continuous production of drugs.
On the basis of product, the API intermediates market is segmented into bromo compound, O-benzyl salbutamol, hemisulfate, oxirane, bisoprolol base, chiral PCBHP, pheniramine base, chlorpheniramine base, brompheniramine base, mepyramine/pyrilamine base, 6-amino-1,3-dimethyl uracil, theofylline, acefylline, xanthine, nitriles and others. In 2021, nitriles segment is expected to dominate the API intermediates market due to the high cost of the products and continued research and development for the innovative APIs.
On the basis of therapeutic type, the API intermediates market is segmented into autoimmune diseases, oncology, metabolic diseases, ophthalmology, cardiovascular diseases, infectious diseases, neurology, respiratory disorders, dermatology, urology and others. In 2021, cardiovascular diseases segment is expected to dominate the API intermediates market because cardiovascular is the leading cause of death globally.
Global API Intermediates Market Country Level Analysis
Global API intermediates market is analyzed and market size information is provided on the basis of the country, type, product, therapeutic type, customers, end user and distribution channel as referenced above.
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The countries covered in the global API intermediates market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt and rest of Middle East and Africa.
The U.S. is dominating in the North America API intermediates market and is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increasing healthcare expenditure and well-established healthcare infrastructure for the pharmaceutical / bulk drug intermediates segment. China is leading the growth of the Asia-Pacific API intermediates market and pharmaceutical / bulk drug intermediates segment is dominating in the country due to increase in availability of API intermediates at lower cost. The pharmaceutical / bulk drug intermediates segment in Germany is dominating in the Europe API intermediates market owing to increasing consumption demand for the API intermediates.
Competitive Landscape and API Intermediates Market Share Analysis
The major companies covered in the global API intermediates market report are HIKAL Ltd., Cambrex Corporation, Ganesh-Group, AlzChem Group AG, Vasudha Pharma, Anyang General Chemical Co.,Ltd., Sarex, Sandoo Pharmaceuticals and Chemicals Co., Ltd., Atul Ltd, Sandoz International GmbH (a subsidiary of Novartis AG), Aceto, Supriya Lifescience Ltd., LEVACHEM COMPANY LIMITED, Vertellus, Dishman Carbogen Amcis Ltd, Sanofi, Divi's Laboratories Limited, AARTI INDUSTRIES LIMITED, Aurobindo Pharma and BASF SE among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global API Intermediates Market
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