Sales of Drugs for Chronic Conditions to Accelerate Demand for Active Pharmaceutical Ingredients, says TMR Date: 03-16-2017 07:19 PM CET Category: Health & Medicine Press release from: Transparency Market Research - Medical Devices
The key players defining the competitive landscape of the global active pharmaceutical ingredient market as of 2015 were Teva Pharmaceutical Industries Ltd., Zhejiang Medicine Co., Ltd and Zhejiang NHU Co., Ltd., and North China Pharmaceutical Group Corp. (NCPC) and Northeast Pharmaceutical Group Co., Ltd. A critical analysis of the market suggests, these players will expand their market presence through meaningful mergers and acquisitions. The intense competition in the overall market is also being fueled by the high fixed costs and exit costs. As these expenditures for companies continue to remain high, players will focus on increasing their research and development activities to deliver result-oriented drugs. API Sales Gain Momentum with Surging Healthcare Expenditure The increasing healthcare budgets in recent years have been the undercurrent for the revenues flowing into the active pharmaceutical ingredient market. With exponentially growing demand for drugs, the consumption of active pharmaceutical ingredient has also increased by leaps and bounds. “Considering the population explosion, technological advancements, and ongoing scientific research projects the development of drugs will present effective solutions to a range of chronic diseases such as cancer, cardiovascular conditions, metabolic disorders, musculoskeletal disorders, and for other therapeutic uses,� says a TMR analyst. The demand for drugs to treat the aging population will definitely boost the sale of active pharmaceutical ingredients that are popularly used for manufacturing drug products. Due to a growing pool of geriatrics in Europe and North America, these regions are primarily driving the active pharmaceutical ingredient market. Improving access to healthcare and the growing demand for pharmaceuticals in Asia Pacific and Rest of the World are likely to create lucrative growth opportunities for the overall market. Furthermore, increasing investments by manufacturers, especially in India, to adhere to the guidelines set by the U.S. FDA is also winning them big contracts, thereby increasing foreign earnings. Download Exclusive Brochure of This Report : www.transparencymarketresearch.com/sample/sample.php?flag...
Seite 1 / 3
Generic Drugs Act as Impediments The promising trajectory of the active pharmaceutical market is being impeded by the empowering presence of generic drugs. The shortage of drugs, unaffordability, and poor accessibility in remote regions of several developing regions are the driving the consumption of generic drugs. However, the setting up of good manufacturing practice by the European Union is focused on mitigating this issue. These regulations will not only improve the quality of the drugs sold in the market, but also result in the sale of scientifically-developed drugs that are credited with certain approvals and quality checks. The research report indicates that the opportunity in the global active pharmaceutical ingredient market was valued at US$134.70 bn in 2015. However, this opportunity will swell to US$219.60 bn by 2023, as the market surges at a CAGR of 6.3% between 2015 and 2023. The cardiovascular drugs segment held the largest share in the overall market in 2015. In the forecast period, this segment is anticipated to expand at a CAGR of 6.63%. Geographically, North America will emerge as a leader in the global market due to a high demand for API in drug manufacturing activities and investments made in research and development. During the forecast period, this regional segment will surge at a CAGR of 5.03%. The review of the global active pharmaceutical ingredient market is based on the report published by Transparency Market Research titled “Active Pharmaceutical Ingredient Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.” Browse Global Strategic Business Report: www.transparencymarketresearch.com/active-pharmaceutical-... The global active pharmaceutical ingredients market is segmented as follows: Global Active Pharmaceutical Ingredients Market, by Manufacturing Process, 2013-2023 (US$ Mn) Captive Manufacturing Contract Manufacturing Global Active Pharmaceutical Ingredients Market, by API Type, 2013 – 2023 (US$ Mn) Synthetic Chemical API Biological API Global Active Pharmaceutical Ingredients Market, by Drug Type, 2013 – 2023 (US$ Mn) Branded Prescription Drugs Generic Prescription Drugs OTC Prescription Drugs Global Active Pharmaceutical Ingredients Market, by Therapeutic Area, 2013 – 2023 (US$ Mn) Cardiovascular Disorders Metabolic Disorders Neurological Disorders Oncology Musculoskeletal Disorders NSAIDs Other Therapeutics Uses Global Active Pharmaceutical Ingredients Market, by Geography, 2013 – 2023 (US$ Mn) North America U.S. Canada Europe U.K.
Seite 2 / 3
Germany Rest of Europe Asia-Pacific China Japan India Rest of Asia Pacific Rest of the World (RoW) About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement. US Office Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: www.transparencymarketresearch.com You can find this press release here
Seite 3 / 3