Teva, Novartis and Aurobindo Pharma Companies Investing Heavily in the Pharmaceutical Ingredients Market
September 30, 2016
HYDERABAD, India, Mordor Intelligence announces the publication of their research report on the active pharmaceutical ingredients market. The report titled, "Global Active Pharmaceutical Ingredients (API) Market Growth, Trends & Forecasts," discusses the current landscape and outlook of the market.
The global active pharmaceutical ingredients market was valued at USD 154 billion in 2015 and is projected to reach USD 225 billion by 2021, at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2016 to 2021.
The report is an amalgamation of the current market scenario, its prospects and forces driving and restraining the market growth. Impact of pharmaceutical industry on the active pharmaceutical ingredients market and increasing adoption of biologicals and biosimilars are fuelling the market. Drug price control policies across various countries and fierce competition between the API manufacturers are turning out to be restraints for this market.
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The market for active pharmaceutical ingredients can be segmented as:
North America is currently the largest active pharmaceutical ingredients market globally. Asia-Pacific region is expected to emerge as fastest growing region due to low operation costs and high investments in medical research. Furthermore, the high cost of trained labor and energy are the most important factors that enforced European market to move their base to develop countries such as India and China.
The leading companies that dominate this market are TAPI, Novartis, Aurobindo, Dr.Reddy's, among others
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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Media Contact: Madan Gopal AVP - Marketing & Strategy Email: madan@mordorintelligence.com Direct Line: +1 617-765-2493
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