Advancing healthcare industry drives the Asia-Pacific Active Pharmaceutical Ingredient Market growth in the forecast period, 2022-2026F.
The Asia Pacific active pharmaceutical ingredient market is expected to show an impressive CAGR rate in the forecast period, 2022-2026. Moreover, the governmental schemes and regulation toward the development and extended research for the more efficient and viable active pharmaceutical ingredient is aiding the growth of the market. With the market players involved in the self-development of the drugs, role of FDA and drug authority bodies are actively regulating the quality of the pharmaceutical products.
The Council of Scientific and Industrial Research (CSIR), in collaboration with coal and petroleum industries in India are actively working for the pharmaceutical component that would make up the main therapeutic component of the drugs. They have a list of 56 APIs that are being prioritized for the drugs, made in India. This initiative will aid to the country’s non-dependency on the neighboring countries like China for the supply of APIs as well as support the growth of the Asia Pacific active pharmaceutical ingredient market in the upcoming five years.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Asia Pacific Active Pharmaceutical Ingredient Market"
The Asia Pacific active pharmaceutical ingredient market is segmented by method of synthesis, source, therapeutic application, molecule type, potency, drug type, competitional landscape, and regional distribution. Based on source, the market is divided between contact manufacturing organizations and in-house manufacturing. In-house manufacturing is anticipated to hold the larger revenue shares of the market and assert its dominance over the market on the account of easier availability of raw material in the manufacturing units as well as their compatibility with the drug production.
Market players have actively taking initiatives for the in-house manufacturing and thereby supporting the growth of the market in the next five years. Although, contact manufacturing is expected to register the fastest growing CAGR in the upcoming years, since Asian countries like India, China are actively involved in the contract-based production of API. In the year, 2017 Eisai Pharmaceuticals invested over USD 9.32 million to install manufacturing equipment for API production in India.
Based on method of synthesis, the market is further bifurcated into biological and synthetic methods of synthesis. Synthetic methods of synthesis are anticipated to hold the larger revenue shares of the market in the upcoming five years on the account of availability of the raw materials and easier protocols for the synthesis of active pharmaceutical ingredients. Also, increasing presence of the soon to be off-patent molecules are expected to further boost the market growth in the next five years of forecast.
Holding largest shares of the Asia Pacific active pharmaceutical ingredient market revenue, market players like Cipla Limited, Pfizer, Inc., Dr. Reddy's Laboratories Ltd., Symbiotica Speciality Ingredients Sdn. Bhd., ScinoPharm Taiwan Ltd, Zhejiang Hisun Pharmaceutical Co. Ltd., Aurobindo Pharma Ltd., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., AbbVie Inc., AstraZeneca plc, GlaxoSmithKline plc, Sanofi S.A., Lupin Limited, Nanjing Pharmaceutical Factory Co. Ltd., among others are actively involved with the research and development process of the Active Pharmaceutical Ingredients in the region.
Countries like India, China, Japan, have dedicated research labs for the advanced products development and consistent product modifications. China is the largest market followed by India, Japan, and Taiwan. Research and technological advancement for the high potency active pharmaceutical ingredient would be the best strategy for the new market players entering the market. Other strategic recommendation can be collaboration and inter-dependency with the existent market giants. The market is well developed and presence of multiple market players in the major economies of the region are actively influencing the market growth.
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“China market is the most promising market in terms of the largest amount of revenue shares the country is generating with its improving healthcare industry. Active pharmaceutical ingredient has second largest market in India and probably the fastest growing market in the future five years of forecast. In the upcoming five years, the country is expected to be able to overcome its dependency in the neighboring countries for the drug dependency. New market players would gain from the legitimate collaborations with the authoritative bodies like CSIR. It is advisable to focus on the extensive research and development of higher potency drugs that can overcome the countries dependencies on the neighboring countries. Taiwan is a budding market for the active pharmaceutical ingredient in the future five years, the availability of the raw material and cheaper labor would help,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Asia Pacific management consulting firm.
“Asia-Pacific Active Pharmaceutical Ingredient Market By Method of Synthesis (Biological v/s Synthetic) By Source (Contact Manufacturing Organizations v/s In-House Manufacturing) By Therapeutic Application (Cardiovascular Diseases, Anti-diabetic Drugs, Oncology Drugs, Neurological Disorders, Musculoskeletal Disorders, Others) By Molecule Type (Small v/s Large) By Potency (Low v/s High) By Drug Type (Innovator v/s Generics) By Country, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of Asia Pacific active pharmaceutical ingredient and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Asia Pacific active pharmaceutical ingredient.
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