Market World Active Pharmaceutical Ingredients Market

Active Pharmaceutical Ingredients Market Key Players, Outlook, Specification and Overview Forecast Till 2025 “The global Active Pharmaceutical Ingredient (API) market size is anticipated to reach a value of USD 239.8 billion by 2025, with CAGR of 6.0%.” Industry Insights The Global Active Pharmaceutical Ingredient (API) Market size was worth at USD 134.2 billion in the year 2015 which is anticipated to reach a value of USD 239.8 billion by 2025, with CAGR of 6.0%. Rising prevalence of chronic diseases such as neurological diseases, cardiovascular diseases, can lead to the growth. The key drivers can be the rising demand of efficient and rapid acting drugs and introduction of innovative drug production facility. Major Key players are choosing for outsourcing the product from the developing regions such as India, Brazil and China, which also anticipated to drive the market. In addition, pharmaceutical companies face tremendous loss in terms of revenue owing to the patent expiration of blockbuster drugs. Expiration of patent results in increasing focus for development of generic versions of the molecules. The R&D investment of the company are no longer valuable after patent expiration. Thus, the API outsourcing trend in rising. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/active-pharmaceutical-ingredients-api-market/request-sample