Contract manufacturing is the process where manufacturer engages into an agreement with the companies for component or product manufacturing. Active pharmaceutical ingredient (API) contract manufacturing refers to the development of pharmaceutical drugs through contract manufacturing by outsourcing to other companies. The market for API contract manufacturing is expected to witness increased demand in coming years owing to the availability of skilled labor at economic cost, suitable government policies, and tax advantages.
The objective of this study is to outline the market trends and market revenue forecasts for the global API contract manufacturing market for the future years. The report emphasizes on outlining and describing the major factors influencing the growth of global API contract manufacturing market. It provides an analysis of market size, different geographic regions, market segments, market share, key players, and premium industry trends. The report identifies the major market events including product launches, mergers & acquisitions, technological developments, and advanced business strategies chosen by key market players. Along with strategically analyzing key micro markets, the report also concentrates on various drivers, opportunities, restraints, and challenges present in the API contract manufacturing market. The market research report encompasses the API contract manufacturing market by its major segments, which include segmentation by type, synthesis, therapeutic area, drug type, and major geographic regions.
On the basis of geography, North America is the market leader in API contract manufacturing market. The U.S. contributes around one-fifth of the world’s market share. Some of the factors driving the growth of API contract manufacturing market include enhanced technical innovations leading to proliferation in novel APIs production, high demand for novel bio-generic drugs and limited production cost of APIs. The Asia-Pacific market is evolving and is ranked among the most attractive API contract manufacturing markets. Owing to the high costs of APIs production in Western Countries, India and China have become most preferred regions for outsourcing of contract manufacturing. These countries are ranked among the most stable democracies and are gifted with advanced technologies. Also, it has become an experienced market region for outsourcing API contract manufacturing as large number of international companies are outsourcing API manufacturing to this region. Also, this region possesses a large technical manpower and is further developing owing to technological developments, which will further boost the market growth.
As per BoehringerIngelheim GmbH, nations such as India and China, which currently supply over half of APIs utilized in the U.S., will command more than 80% share in the upcoming years. Some of the leading players in global API contract manufacturing market include Ranbaxy Laboratories Ltd., AstraZeneca Plc, Teva Pharmaceuticals Industries Ltd, Merck & Co., Inc., Dr. Reddy's Laboratories Ltd, BoehringerIngelhein GmbH, Novartis AG, Sun Pharmaceutical Industries Ltd., Piramal Pharma Solutions, Sandoz-Lek-Biochemie, GlaxoSmithKline Pharmaceuticals Ltd. and others.
The presence of low cost labor in emerging countries, easy availability of resources, and access to the advanced technologies are the major factors driving the API contract manufacturing market. Factors providing remarkable growth opportunities for the API contract manufacturing market in the future include rising need to concentrate on the core activities and to accelerate the drug development processes. Apart from that, a substantial reduction in time-to-market process will provide major growth opportunities in the market.
Introduction The report provides analysis of global Recombinant Plasma Protein Therapeutics market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Recombinant Plasma Protein Therapeutics market is expected to grow at noteworthy CAGR around 8.3 % throughout
Introduction The report provides analysis of global Membrane Microfiltration market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Membrane Microfiltration market is expected to grow at noteworthy CAGR around 7.1 % throughout the forecast period and reach
Introduction Lithotripsy is a process used to break stones of the kidney and other organs such as the gall bladder, liver and urethra through a ultrasound shock wave. Kidney stones occur when substances like urine crystallize in stones or solid mass forming the kidneys and thus prevent the urine from passing through your body. This can lead to bleeding, severe urinary pain, infecti
Introduction A series of methods used to determine the quantity and the metabolites of active drugs in the human body is provided by bioanalytical testing services. It is vital to the development of medicines and to the success of the medicine. During the forecast period, the need for quick action medicines to treat chronic diseases is predicted to boost market demand. Continuous progress in research and d
Introduction The report provides analysis of global Cardiovascular & Soft Tissue Repair Patches market for the period 2016-2026, wherein 2019 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Cardiovascular & Soft Tissue Repair Patches market is expected to grow at noteworthy CAGR around 8 % throughout the forecas
Virus filtration are mainly used to maintain a pathogen such as bacteria, virus, and microbe’s free environment. Presence of pathogens in labs, and biotechnology industries lead to the contamination of water, air, and biotheraputics. Virus filtration maintains the environment and products safety. It also ensures that the products manufactured are of high grade. The market research study on “Virus Filtration Market