Active Pharmaceutical Ingredient Market Trends to Watch Post-COVID

 This information is provided by Fortune Business Insights™ in a recent report, the report further mentions that the Active Pharmaceutical Ingredients 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.

Please visit: https://www.fortunebusinessinsights.com/active-pharmaceutical-ingredient-api-market-102656

High Demand for Novel Drugs to Boost Growth

The Indian Brand Equity Foundation (IBEF) mentioned that during 2015 to 2020, the pharmaceutical industry of India is set to exhibit a considerable CAGR of 22.4%. As per one of our lead analysts, “The incidence of chronic diseases is surging at a fast pace worldwide backed by the rising geriatric population. Rapid urbanization, as well as increasing adoption of sedentary lifestyle would also contribute to the growth.

Fortune Business Insights™ presents a list of all the companies operating in the industry. They are as follows:

  • 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.

Synthetic API Segment to Grow Steadily Backed by their Cost-effective Nature

Based on synthesis, the market is bifurcated into biological API and synthetic API. Out of these, the synthetic API segment led in terms of API market share in 2018 backed by the cost-effective nature of raw materials used for producing these APIs. They are cheaper than the biological API. The biological API segment is anticipated to grow considerably throughout the forecast period on account of the rising technological advancements in biologics, as well as high demand for biopharmaceuticals to treat many diseases. Additionally, the surging number of FDA approvals for biological drugs, namely, recombined proteins, blood components, and vaccines would contribute to the growth of this segment.

Comments

Post a Comment

Popular posts from this blog

Gene Therapy Market Worldwide Growth, Industry Analysis, Regional Overview, Size and Share Forecast to 2028

  The global gene therapy market is likely to grow at an impressive CAGR over the forecast period, owing to recent technological advancements in gene replacement procedures. According to a report by Fortune Business Insights, titled ‘Gene Therapy: Global Market Analysis, Insights and Forecast, 2018 - 2025’ the market is likely to expand at a high rate due to increasing adoption of gene therapy in several countries across the world. For more information in the analysis of this report, visit:   https://www.fortunebusinessinsights.com/industry-reports/gene-therapy-market-100243 Recently, there has been a growing emphasis on development of new gene replacement therapies. Encouraged by advancements in gene therapy and a high demand from end users, many companies are investing more in the research and development (R&D) of these products. According to Fortune Business Insights, in the coming years the market is likely to gain from the rising demand for gene therapy for haemophilia and oth
Read more

Spinal Fusion Devices Market Global Share, Growth, Outlook, Size, Opportunities, Trends, Regional Overview, and 2026

  The global spinal fusion devices market is projected to reach USD 8.45 billion by 2026, exhibiting a CAGR of 3.6% during the forecast period. A rapidly rising global geriatric population will be a critical factor driving the growth of this market. According to the United Nations, around 16% of the world’s population will be over the age of 65 by 2050. In North America and Europe, close to 25% of the population will be aged. Aged people are highly vulnerable to various kinds of injuries and spinal cord injuries are one of the most common afflictions of old age. For instance, a study published in the Lancet journal showed that in the US, the average age of patients who suffered from spinal cord damage rose from 40 years to 50 years in just two decades. This shows that as geriatric population increases, the risk of spinal cord injuries also rises in tandem, thereby spiking the demand for spinal arthrodesis devices in the long-run. Request a Sample Copy of the Market Research Report:   h
Read more

Biomaterials Market | Top 5 company Analysis Report : Before & After effect of covid 19 waves.

  The global “Biomaterials Market” is set to gain impetus from the increasing usage of a wide variety of biomaterials because of their clinical efficiencies. They also provide several benefits in wound healing applications. Fortune Business Insights™ published this information in a recent report, titled, “Biomaterials Market and Industry Analysis, By Material (Metallic Biomaterials, Ceramic Biomaterials, Polymers, and Natural Biomaterials), By Application (Cardiovascular, Dental, Orthopedic, Plastic Surgery, Urology, Gastroenterology, and Others), and Regional Forecast, 2020-2027.” Click here to get the short-term and long-term impact of COVID-19 on this Biomaterials Market. Please visit:  https://www.fortunebusinessinsights.com/biomaterials-market-102770 The report further mentions that the biomaterials market size was USD 110.0 billion in 2019 and is projected to reach USD 245.6 billion by 2027, thereby exhibiting a CAGR of 12.2% during the forecast period from 2020–2027. Segment- Me
Read more