Active Pharmaceutical Ingredient (API) Market In US 2024-2028
The active pharmaceutical ingredient (API) market in US is forecasted to grow by USD 16.51 bn during 2023-2028, accelerating at a CAGR of 7.87% during the forecast period. The report on the active pharmaceutical ingredient (API) market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increasing number of type II drug master files (DMF), the growing prevalence of chronic conditions, and increasing demand for biopharmaceuticals and biosimilars.
Technavio's active pharmaceutical ingredient (API) market in US is segmented as below:
By Type
By Product
By Application
- Oncology
- Cardiovascular diseases
- Diabetes
- Communicable diseases
- Orthopedic and others
This study identifies the paradigm shift in API manufacturing as one of the prime reasons driving the active pharmaceutical ingredient (API) market in US growth during the next few years. Also, increasing patent exercises and a growing focus on the production of high-value APIs will lead to sizable demand in the market.
The report on the active pharmaceutical ingredient (API) market in US covers the following areas:
- Active pharmaceutical ingredient (API) market in US sizing
- Active pharmaceutical ingredient (API) market in US forecast
- Active pharmaceutical ingredient (API) market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading active pharmaceutical ingredient (API) market in US vendors that include AbbVie Inc., Amneal Pharmaceuticals Inc., Apotex Inc., Aurobindo Pharma Ltd., Bristol Myers Squibb Co., Cadila Pharmaceuticals Ltd., Cambrex Corp., Cipla Ltd., Dr Reddys Laboratories Ltd., GlaxoSmithKline Plc, Koninklijke DSM NV, Lupin Ltd., Merck KGaA, Novartis AG, Pfizer Inc., Sanofi SA, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., Thermo Fisher Scientific Inc., and Viatris Inc.. Also, the active pharmaceutical ingredient (API) market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.