Active Pharmaceutical Industry: Upcoming Technological Innovations | Active Pharmaceutical Ingredients Market - The Pos | Page 6

On the basis of type,
the active pharmaceutical ingredients market is segmented into innovative and generic
APIs. The innovative APIs segment is estimated to command the largest share in 2016.
Some of the major factors contributing to its large share include growing demand for
innovative therapeutics for treatment of dreadful diseases, especially cancer, the increase
in the number of FDA approvals for new molecular entities and the higher prices of
innovative APIs (as compared to generics). On the basis of type of manufacturer, the active
pharmaceutical ingredients market is segmented into captive and merchant API
manufacturers.
The APIs market, on the basis of type of synthesis, is segmented into synthetic and
biotech APIs. Synthetic APIs is estimated to dominate this market in 2016.
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