According to FutureWise analysis the market for Active Pharmaceutical Ingredient (API) in 2023 is US$ 236.01 billion, and is expected to reach US$ around 379.59 billion by 2031 at a CAGR of 6.1%.

The chemical compounds that provide a medicine its pharmacological properties are active pharmaceutical ingredients or APIs. The therapeutic impact of the drug is provided by its physiologically active ingredients. Pharmaceutical products, also called completed dosage forms, such as tablets, capsules, injections, creams, or syrups, are made using formulations of APIs and other inert substances. Depending on the nature of the substance, processes, including chemical synthesis, fermentation, extraction, or biotechnological techniques, are used in the creation and manufacture of APIs. APIs can be chemically synthesized in laboratories or derived from natural sources like plants or microbes. Variables like accessibility, affordability, scalability, and legal restrictions influence the selection of an API synthesis technique.

The two main steps of drug development in the pharmaceutical industry are discovering and creating a new molecule and producing the actual medicine. Scientists identify and develop potential medication molecules during the development phase, and after extensive testing and regulatory approval, these compounds become active pharmaceutical ingredients. The API is a crucial element in the pharmaceutical supply chain.Pharmaceutical businesses either produce their own APIs in-house or outsource the product to specialized API producers.

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Active Pharmaceutical Ingredient (API) Market Segmentation:

By Drug Type

• Prescription Drugs
• Over-the-counter Drugs

By Manufacturer

• Captive (In-House) Manufacturer
• Merchant (Contract) Manufacturer

By Therapeutic Application

• Communicable Diseases
• Oncology
• Diabetes
• Cardiovascular Disease
• Pain management
• Respiratory Diseases
• Other Therapeutic Applications

By Synthesis

• Synthetic
  • Type
    • Innovative Synthetic API
    • Generic Synthetic API
  • Biotech
    • Type
      • Innovative Synthetic API
      • Generic Synthetic API
    • Product
      • Monoclonal Antibodies
      • Hormones
      • Cytokines
      • Recombinant Proteins
      • Therapeutic Enzymes
      • Vaccines
      • Blood Factors
    • Expression System
      • Mammalian Expression Systems
      • Microbial Expression Systems
      • Yeast Expression Systems
      • Insect Expression Systems
      • Other Expression Systems

By End-Use

• Pharmaceutical And Biotechnology Industry
• Contract Research Organizations
• Contract Manufacturing Organizations
• Other End-User

By Region

• North America
• Europe
• Asia- Pacific
• Latin America
• Middle East and Africa

Competitive Landscape in Active Pharmaceutical Ingredient (API) Market:

• Pfizer Inc.
• Novartis International AG
• Sanofi
• Boehringer Ingelheim
• Bristol-Myers Squibb
• Teva Pharmaceutical Industries Ltd.
• Eli Lilly and Company
• GlaxoSmithKline plc
• Merck & Co., Inc.
• AbbVie Inc.
• F. Hoffmann-La Roche Ltd.
• AstraZeneca
• Cipla, Inc.
• Mylan N.V.
• Dr. Reddy’s Laboratories Ltd
• Sun Pharmaceutical Industries Ltd.
• API Pharma Tech
• BDR Pharmaceuticals Internationals Pvt. Ltd.
• Sreepathi Pharmaceuticals Limited
• Shilpa Medicare Limited
• Albemarle Corporation
• Viatris Inc.
• Aurobindo Pharma
• Biocon

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**Objectives of this Study: **

1. To provide a comprehensive analysis of the Active Pharmaceutical Ingredient (API) Market By Drug Type, By Manufacturer, By Therapeutic Application, By Synthesis, By End-Use, and By Region.
2. To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
3. To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
4. To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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