Pune, India -- (SBWIRE) -- 11/20/2020 -- The global active pharmaceutical ingredients (API) market size is set to gain impetus from the rising implementation of strict norms and regulations in several countries regarding the production of high-quality API. It is further aiding in upsurging the overhead costs of in-house API manufacturing. Therefore, numerous pharmaceutical companies are focusing on outsourcing the manufacturing. This information is provided by Fortune Business Insights™ in a recent report, titled, "Active Pharmaceutical Ingredients (API) Market Size, Share & Industry Analysis, By Type (Generic API, and Branded API), By Synthesis (Biological API, and Synthetic API), and Regional Forecast, 2019-2026." The report further mentions that the API market size stood at USD 164.20 billion in 2018 and is projected to reach USD 261.28 billion by 2026, exhibiting a CAGR of 6.1% during the forecast period.

Highlights of the Report:

In-depth analysis of various insights, namely, active pharmaceutical ingredients (API) market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and active pharmaceutical ingredients (API) market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.

Key Players Operating in The active pharmaceutical ingredients (API) market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Aurobindo Pharma
Teva Pharmaceutical Industries Ltd.
Reddy's Laboratories Ltd.
Mylan N.V.
AbbVie Inc.
Sun Pharmaceutical Industries Ltd.
Abbott
Biocon
Cipla Inc.
Amgen Inc.
Other key market players
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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Regional Analysis-

Presence of Many Contract Manufacturing Organizations to Favor Growth in Asia Pacific

In terms of region, the market is divided into Asia Pacific, Europe, Latin America, the Middle East and Africa, and North America. Amongst these, in 2018, North America procured USD 79.80 billion API market revenue. This growth is attributable to the rising government initiatives to develop unique drugs, as well as the rising prevalence of chronic diseases in this region.

Asia Pacific, on the other hand, is expected to outpace Europe and North America in the near future because of the rising number of pharmaceutical industries and contract manufacturing organizations present in the developing countries, such as India and China. Owing to the availability of raw material in abundance and lower labour cost, these countries have started becoming major venues for outsourcing API manufacturing. Also, several manufacturers have implemented favourable regulatory policies in this region to broaden their production capacity. It would also boost growth.

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Competitive Landscape-

Key Players Focus on Developing Various APIs to Boost Sales

The market includes many contract manufacturing organizations that are mainly aiming to develop biological APIs. Companies located mainly in Asia Pacific are focusing on creating generic APIs. But, key players situated in North America and Europe are moving towards the development of biological API. Below are a couple of the recent industry developments:

January 2020: Astellas Pharma Inc. developed its brand new API manufacturing facility for a first-line immunosuppressant called Prograf. It will be used for organ transplantation.
June 2016: AbbVie Inc. widened its small molecule API facility located in Singapore to strengthen its position in women's health and oncology sectors.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Prevalence of Chronic Diseases -2018
New Product Launches by Key Players
Recent Industry Developments- Partnerships, Mergers, And Acquisitions
Therapeutic Applications of the Different Types of Active Pharmaceutical Ingredient
Global Active Pharmaceutical Ingredient (API) Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Generic API
Branded API
Market Analysis, Insights and Forecast – By Synthesis
Biological API
Synthetic API
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Rest of World
North America Active Pharmaceutical Ingredient (API) Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Generic API
Branded API
Market Analysis, Insights and Forecast – By Synthesis
Biological API
Synthetic API
Market Analysis, Insights and Forecast – By Country
S.
Canada
Europe Active Pharmaceutical Ingredient (API) Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Generic API
Branded API
Market Analysis, Insights and Forecast – By Synthesis
Biological API
Synthetic API
Market Analysis, Insights and Forecast – By Country/Sub-region
K.
Germany
France
Spain
Italy
Scandinavia
Rest of Europe
Asia Pacific Active Pharmaceutical Ingredient (API) Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Generic API
Branded API
Market Analysis, Insights and Forecast – By Synthesis
Biological API
Synthetic API
Market Analysis, Insights and Forecast – By Country/Sub-region
Japan
China
India
Australia
Southeast Asia
Rest of Asia Pacific
Rest of World Active Pharmaceutical Ingredient (API) Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Generic API
Branded API
Market Analysis, Insights and Forecast – By Synthesis
Biological API
Synthetic API
Continued...

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