The Active Pharmaceutical Ingredients Market size is estimated at USD 206.13 billion in 2024, and is expected to reach USD 304.46 billion by 2029, growing at a CAGR of 6.72% during the forecast period (2024-2029).
The active pharmaceutical ingredients (API) market is fragmented in nature due to the presence of several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies that hold market shares and are well-known, including Pfizer Inc., BASF SE, Viatris Inc., Merck KGaA, and Teva Pharmaceutical Industries Ltd., among others.
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