Active Pharmaceutical Ingredient (API) Market In India 2024-2028
The active pharmaceutical ingredient (API) market in India is forecasted to grow by USD 7.56 bn during 2023-2028, accelerating at a CAGR of 6.49% during the forecast period. The report on the active pharmaceutical ingredient (API) market in India 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), a growing emphasis on biosimilar manufacturing, and a growing need to focus on core competencies.
Technavio's active pharmaceutical ingredient (API) market in India is segmented as below:
By Manufacturing Type
- Captive APIs
- Contract APIs
By Type
- Innovative APIs
- Generic APIs
By Product Type
- Prescription
- Over-the-counter (OTC)
This study identifies the paradigm shift in API manufacturing as one of the prime reasons driving the active pharmaceutical ingredient (API) market in India growth during the next few years. Also, increasing patent exercises and adoption of sustainable and environmentally friendly manufacturing practices will lead to sizable demand in the market.
The report on the active pharmaceutical ingredient (API) market in India covers the following areas:
- Active pharmaceutical ingredient (API) market in India sizing
- Active pharmaceutical ingredient (API) market in India forecast
- Active pharmaceutical ingredient (API) market in India 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 India vendors that include AbbVie Inc., Aurobindo Pharma Ltd., Cadila Pharmaceuticals Ltd., Cipla Ltd., Divis Laboratories Ltd., Dr Reddys Laboratories Ltd., Glenmark Pharmaceuticals Ltd., Granules India Ltd., Hetero Labs Ltd., Ind Swift Laboratories Ltd., IOL Chemicals and Pharmaceuticals Ltd., Ipca Laboratories Ltd., JB Chemicals and Pharmaceuticals Ltd., Jubilant Pharmova Ltd., Laurus Labs Ltd., Lupin Ltd., Solara Active Pharma Sciences Ltd., Sun Pharmaceutical Industries Ltd., Suven Pharmaceuticals Ltd., and Torrent Pharmaceuticals Ltd.. Also, the active pharmaceutical ingredient (API) market in India 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.