Global Active Pharmaceutical Ingredient Market Will Reach Around Usd 213.84 Billion in 2021

Published By:Zion Market Research

Global Active pharmaceutical ingredient Market Will
Reach around USD 213.84 Billion in 2021

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Active Pharmaceutical Ingredients Market

Zion Research has published a new report titled “Active Pharmaceutical Ingredients Market
by API Synthesis (Biotech API, Synthetic Chemical API, and HPAPI), by Type of
Manufacturing (Contract Manufacturing and In-House API Manufacturing), by Type of API
(Synthetic API and Biological API), by Drug Type (Branded Drugs, Generic Drugs and OTC
Drugs), for Cardiology, Oncology, Anti-Inflammatory, Gastrointestinal and Other
Application - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 –
2021”. According to the report, global demand for active pharmaceutical ingredient market
was valued at USD 148.22 billion in 2015, is expected to reach USD 213.84 billion in 2021
and is anticipated to grow at a CAGR of 6.3% between 2016 and 2021.
Browse the “Aromatic Solvents Market” full report

Active Pharmaceutical Ingredients Market

APIs are frequently referred as "bulk pharmaceuticals”. Active pharmaceutical ingredient is
a biologically active portion of any pharmaceutical drug. Occasionally, API needs cofactor in
order to attain specific effects on body. Some active pharmaceutical ingredients are
unidentified and therefore need additional substances, which can work in combination with
the API to generate the required medicinal effect on body. In herbal medicines, the API is
generally a mixture of various substances, which act collectively on the body.
The market for API is expected to have the highest growth rate in the forecast period.
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