{"id":48669,"date":"2022-09-21T19:02:01","date_gmt":"2022-09-21T17:02:01","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/worldwide-active-pharmaceutical-ingredients-industry-to-2029-featuring-pfizer-sanofi-abbvie-and-cipla-among-others-researchandmarkets-com\/"},"modified":"2022-09-21T19:02:01","modified_gmt":"2022-09-21T17:02:01","slug":"worldwide-active-pharmaceutical-ingredients-industry-to-2029-featuring-pfizer-sanofi-abbvie-and-cipla-among-others-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/worldwide-active-pharmaceutical-ingredients-industry-to-2029-featuring-pfizer-sanofi-abbvie-and-cipla-among-others-researchandmarkets-com\/","title":{"rendered":"Worldwide Active Pharmaceutical Ingredients Industry to 2029 &#8211; Featuring Pfizer, Sanofi, AbbVie and Cipla Among Others &#8211; ResearchAndMarkets.com"},"content":{"rendered":"<div>\n<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5614260\/active-pharmaceutical-ingredients-market-analysis?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=zpns6x&amp;utm_campaign=1753137+-+Worldwide+Active+Pharmaceutical+Ingredients+Industry+to+2029+-+Featuring+Pfizer%2C+Sanofi%2C+AbbVie+and+Cipla+Among+Others&amp;utm_exec=jamu273prd\" rel=\"nofollow noopener\" shape=\"rect\">&#8220;Active Pharmaceutical Ingredients Market Analysis by Type of Synthesis, by Type of Manufacturers, by Type, by Application, and by Region &#8211; Global Forecast to 2029&#8221;<\/a> report has been added to <strong>ResearchAndMarkets.com&#8217;s<\/strong> offering.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20220921005853\/en\/1579296\/4\/logo.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220921005853\/en\/1579296\/21\/logo.jpg\"><\/a><\/p>\n<p>\nThe global active pharmaceutical ingredients market size is estimated to be USD 199.8 billion in 2020 and is expected to witness a CAGR of 5.957% during the forecast period.\n<\/p>\n<p>\n<strong>Companies Mentioned<\/strong>\n<\/p>\n<ul>\n<li>\nPfizer Inc. (U.S.)\n<\/li>\n<li>\nNovartis International AG (Switzerland)\n<\/li>\n<li>\nSanofi (France)\n<\/li>\n<li>\nBoehringer Ingelheim (Germany)\n<\/li>\n<li>\nBristol-Myers Squibb (U.S.)\n<\/li>\n<li>\nTeva Pharmaceutical Industries Ltd. (Israel)\n<\/li>\n<li>\nEli Lilly and Company (U.S.)\n<\/li>\n<li>\nGlaxoSmithKline plc (U.K.)\n<\/li>\n<li>\nMerck &amp; Co. Inc. (U.S.)\n<\/li>\n<li>\nAbbVie Inc. (U.S.)\n<\/li>\n<li>\nF. Hoffmann-La Roche Ltd. (Switzerland)\n<\/li>\n<li>\nAstraZeneca (U.K.)\n<\/li>\n<li>\nCipla Inc. (India)\n<\/li>\n<\/ul>\n<p>\nGrowth in the adoption of AI-based tools for the discovery of new drugs is a key driver for the growth of the global active pharmaceutical ingredients market.\n<\/p>\n<p>\nAdditionally, technological developments in the global API manufacturing and growing investment in R&amp;D activities for new product development are some of the other drivers expected to propel the market growth. However, high costs of manufacturing APIs and increase in penetration of imitation drugs in the global market are expected to restrain the global market growth\n<\/p>\n<p>\n<strong>By Type of Synthesis<\/strong>\n<\/p>\n<p>\nBased on type of synthesis, the market is segmented into synthetic and biotech. In 2021, the synthetic API segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This can be attributed to the increase in accessibility of raw materials along with relaxed protocols for the production of these molecules worldwide. Biotech API segment is projected to grow at a profitable CAGR during the forecast period. This is attributed to the various advantages offered by this segment such as increase in demand for biopharmaceuticals coupled with the higher effectiveness of these molecules.\n<\/p>\n<p>\n<strong>By Type of Manufacturers<\/strong>\n<\/p>\n<p>\nBased on type of manufacturers, the market is segmented into merchant APIs and captive APIs. In 2021, the captive APIs segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to rising accessibility to raw materials and widespread investments by major manufacturers for developing high-end industrialized facilities worldwide.\n<\/p>\n<p>\nMerchant APIs segment is projected to grow at a profitable CAGR during the forecast period. This is attributed to the fact that subcontracting of manufacturing to emerging countries is becoming very cost-effective, which allows these manufacturers to gain high profits.\n<\/p>\n<p>\n<strong>By Type<\/strong>\n<\/p>\n<p>\nBased on type, the market is categorized into innovative APIs and generic APIs. In 2021, the innovative APIs segment accounted for a substantial revenue share with lucrative CAGR during the forecast period. This is due to increase in R&amp;D initiatives for new drug growth and favorable government guidelines worldwide. The generic APIs segment is anticipated to grow at a profitable CAGR during the forecast period due to the growing unmet clinical needs coupled with the approval of OTC drugs.\n<\/p>\n<p>\n<strong>By Application<\/strong>\n<\/p>\n<p>\nBased on application, the market is categorized into endocrinology, cardiovascular diseases, orthopedic, oncology, CNS and neurology, pulmonology, ophthalmology, gastroenterology, nephrology, and others. In 2021, the cardiovascular diseases segment accounted for the substantial revenue share and is estimated to grow with a lucrative CAGR during the forecast period.\n<\/p>\n<p>\nThis is due to the rise in cases of target diseases worldwide. The oncology segment is anticipated to grow at a profitable CAGR during the forecast period due to changing lifestyle along with the rise in prevalence of cancer.\n<\/p>\n<p>\n<strong>Regional Insights<\/strong>\n<\/p>\n<p>\nIn 2021, North America held the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This can be attributed to the increase in study and analysis of cancer coupled with lifestyle-induced diseases, growth in initiatives from the government, and accessibility of technologically advanced products in the region.\n<\/p>\n<p>\nAsia Pacific market is expected to grow at the fastest CAGR over the forecast period owing to the evolving market for biosimilars, growing government and corporate investment in healthcare sector, increase in travel tourism in developing economies, and market growth opportunities in developing countries, are the major factors in this region.\n<\/p>\n<p>\nFor more information about this report visit <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5614260\/active-pharmaceutical-ingredients-market-analysis?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=zpns6x&amp;utm_campaign=1753137+-+Worldwide+Active+Pharmaceutical+Ingredients+Industry+to+2029+-+Featuring+Pfizer%2C+Sanofi%2C+AbbVie+and+Cipla+Among+Others&amp;utm_exec=jamu273prd\" rel=\"nofollow noopener\" shape=\"rect\">https:\/\/www.researchandmarkets.com\/r\/gkgqni<\/a>\n<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\nResearchAndMarkets.com<br \/>\n<br \/>Laura Wood, Senior Press Manager<br \/>\n<br \/><a target=\"_blank\" href=\"&#x6d;a&#x69;&#108;&#x74;&#111;:&#x70;&#114;&#x65;&#115;s&#x40;&#114;&#x65;&#115;e&#x61;r&#x63;&#104;&#x61;&#x6e;d&#x6d;&#97;&#x72;&#107;e&#x74;&#115;&#x2e;&#99;o&#x6d;\" rel=\"nofollow noopener\" shape=\"rect\">&#x70;&#114;e&#x73;&#x73;&#64;r&#x65;&#x73;&#101;a&#x72;&#99;h&#x61;&#x6e;&#100;m&#x61;&#x72;&#107;e&#x74;&#115;&#46;&#x63;&#x6f;&#109;<\/a>\n<\/p>\n<p>\nFor E.S.T Office Hours Call 1-917-300-0470<br \/>\n<br \/>For U.S.\/ CAN Toll Free Call 1-800-526-8630<br \/>\n<br \/>For GMT Office Hours Call +353-1-416-8900\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;Active Pharmaceutical Ingredients Market Analysis by Type of Synthesis, by Type of Manufacturers, by Type, by Application, and by Region &#8211; Global Forecast to 2029&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. The global active pharmaceutical ingredients market size is estimated to be USD 199.8 billion in 2020 and is expected to witness &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/worldwide-active-pharmaceutical-ingredients-industry-to-2029-featuring-pfizer-sanofi-abbvie-and-cipla-among-others-researchandmarkets-com\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-48669","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Worldwide Active Pharmaceutical Ingredients Industry to 2029 - Featuring Pfizer, Sanofi, AbbVie and Cipla Among Others - ResearchAndMarkets.com - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/worldwide-active-pharmaceutical-ingredients-industry-to-2029-featuring-pfizer-sanofi-abbvie-and-cipla-among-others-researchandmarkets-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worldwide Active Pharmaceutical Ingredients Industry to 2029 - Featuring Pfizer, Sanofi, AbbVie and Cipla Among Others - ResearchAndMarkets.com - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;Active Pharmaceutical Ingredients Market Analysis by Type of Synthesis, by Type of Manufacturers, by Type, by Application, and by Region &#8211; Global Forecast to 2029&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. 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