Growth in Abbreviated New Drug Applications (ANDA) Boosts Expansion of Active Pharmaceutical Ingredients (API) Market: TMR

Growth in Abbreviated New Drug Applications (ANDA) Boosts Expansion of Active Pharmaceutical Ingredients (API) Market: TMR

PR Newswire

ALBANY, N.Y., Sept. 22, 2020

- The active pharmaceutical ingredients (API) market is estimated to grow at a promising CAGR of 5.4% during the tenure of 2019–2027.The market will gain the advantage of growth in abbreviated new drug applications (ANDA).

Presence of considerable number of key players is projected to help in the Asia Pacific market expansion.

ALBANY, N.Y., Sept. 22, 2020 /PRNewswire/ -- Active pharmaceutical ingredients (APIs) refer to vital chemicals that are responsible for making the drug work. Depending on type, biotech/biological API, synthetic chemical API, high-potency API, plant extracts API, and classical fermentation API are some of the products available in the active pharmaceutical ingredients (API) market.

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Analysts at TMR emphasize that the global active pharmaceutical ingredients (API) market will show promising growth on the back of increase in number of abbreviated new drug applications (ANDA. This aside, the market will gain advantage of growing focus on government bodies toward biomedical innovation.

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Key Findings of Active Pharmaceutical Ingredients (API) Market Report

Explore 190 pages of top-notch research, incisive insights, and detailed country-level projections on Active Pharmaceutical Ingredients (API) Market (Manufacturer - In house API Manufacturing, API Contract Manufacturing; APIs - Synthetic Chemical API, Biotech or Biological API, Plant Extracts API, High-potency API, Classical Fermentation API; Drug - Branded or Innovative Prescription Drugs, Generic Prescription Drugs, OTC (Over-the-counter) Drugs; Therapeutic - Anti-infective Drugs, Metabolic Disorders Drugs, Cardiovascular Drugs, Respiratory Diseases Drugs) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/report-toc/1690

Active Pharmaceutical Ingredients (API) Market: Key Driving Factors and Promising Avenues

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Active Pharmaceutical Ingredients (API) Market: Competitive Assessment

The global active pharmaceutical ingredients (API) market experiences presence of many important players. As a result, the competitive landscape of the market is highly intense. Enterprises in the market for active pharmaceutical ingredients (API) are focused on the development of technologically advanced products. At the same time, they are growing efforts toward achieving regulatory approvals.

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Several enterprises in the active pharmaceutical ingredients (API) market are concentrated on strengthening their market position. To achieve this motive, they are executing strategies such as mergers and acquisitions, partnerships, and collaborations. Owing to all these activities, the active pharmaceutical ingredients (API) market is projected to show prodigious growth in the forecast period of 2019 to 2027.

The list of important companies working in the active pharmaceutical ingredients (API) market includes Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., Boehringer Ingelheim International GmbH., Aurobindo Pharma, Pfizer, Inc., Novartis AG, Merck & Co., Inc., Bayer AG, and F. Hoffmann-La Roche Ltd.

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The active pharmaceutical ingredients (API) market is segmented as follows:

Method of Manufacturing

Type of API

Type of Drug

Therapeutic

Region

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Pharmaceutical Continuous Manufacturing Market: TMR anticipated the global revenue of the pharmaceutical continuous manufacturing market to expand with a CAGR of 8.8% over the forecast period from 2017 to 2025. With this pace, the market is expected to attain value of US$3.693 bn by the end of 2025 from the registered value of US$1.74 bn in 2016.

Drug Discovery Outsourcing Market: Major developments that are likely to gain considerable traction over the next few years across the drug discovery outsourcing market include a decline in time utilized for drug development, improving the conversion rate of hits to leads, and expanding the number of high-quality compounds. At the back of these factors and evolving economic landscape, the global drug discovery outsourcing market is expected to reach ~US$ 12.7 Bn by the end of 2030

Drug Delivery Systems Market: The global drug delivery systems market was valued approximately US$ 510 Bn in 2016 and is anticipated to expand at a CAGR of over 6.9% from 2017 to 2025 to reach approximately US$ 900 Bn by 2025. Increase in demand for self-administration and home health care devices are likely to fuel expansion of the global drug delivery systems market from 2017 to 2025

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