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The Active Pharmaceutical Ingredient Market Size was valued at USD 239.45 billion in 2023 and is expected to reach USD 371.06 billion by 2032 and grow at a CAGR of 5.37% over the forecast period 2024-2032.
Progress in active pharmaceutical ingredient manufacturing, the expansion of biopharmaceuticals, and the aging of the global population are the API market’s key motorists. The market will be boosted by the rise in chronic diseases such as cancer and cardiovascular disease. The global geriatric population is growing rapidly. According to the UN, in 2022, the 65-and-older age group accounted for 771 million people, and by 2030 and 2050, it is expected to number 994 million and 1.6 billion, respectively. The most rapid growth in the number of persons over age 60 will be in Africa, with a threefold increase in the number of persons over 60 years to 18.8 billion, and in Latin America, where, by 2050, there will be one-fifth of a billion such persons. Due to aging, there is a high risk of the onset of many diseases, including cardiovascular and neurologic ones, which also suggests that the rapidly growing global geriatric population will become a high-impact rendering driver of the API market.
The rise in the incidence of infectious and hospital-acquired infections will be a high-impact rendering driver of this market. Moreover, further development of genetic, cardiovascular, and neurologic disorders will become a high-impact rendering driver of this market. According to WHO, CVDs are the cause of death of 17.9 million people per day and are expected to cause nearly 25 million deaths by 2030. The growing number of cigarette smokers worldwide, along with rising obesity levels and eating habits, are likely to drive market growth. A report released by the United Nations in May 2023 revealed that the number of girls with obesity increased by 75 percent and boys by 61 percent in Europe.
KEY DRIVERS:
RESTRAINTS:
OPPORTUNITY:
KEY MARKET SEGMENTATION:
By Synthesis
The synthetic APIs segment held 70.65% largest revenue share in 2023. The most important driving factor for the synthetic API market is the high volume of generic drugs. Synthetic and Chemical API Manufacturers' Expansion on the Back of APIs to Promote Generic Drugs, Points Toward High Revenue The overall market is expected to increase due to the rise in IoT demand. This is going to create a huge scope for the CDMOs that operate in this segment. This makes the opportunity even more attractive for CDMOs as many such companies seek to outsource, to achieve greater profitability by lowering production costs. In October 2023, Cambrex completed its USD 38 Million small molecule API manufacturing facility. It doubled the size of its manufacturing facility, adding more capacity to accommodate additional customers as their needs grew.
By Ingredients
The APIs segment related to the innovative API holds more than 60 percent revenue share of almost all segments, yet this number is expected to rise even higher through 2023. This market growth is anticipated due to an increase in funding and favorable regulations provided for R&D facilities Several novel innovative products will be coming down the pipeline soon, thanks to copious research in this field. In addition, increased support from regulatory bodies for the approval of new drugs is expected to create favorable market growth; this can be attributed to an increase in government focus on healthcare and pharmaceuticals as a result of COVID-19.
By Drug
The prescription segment accounted for the largest share of revenue in the overall API market by 2023 Unimaginably, the prescription drugs taken are to a great extent identified by physicians’ prescriptions. The use of prescription drugs, including Proton Pump Inhibitors (PPI) for common indications like heartburn has reached a plateau due to an array of side effects. There has been a change in the prescription rate of Histamine-2 Receptor Antagonist (H2RA), however. Oncology dominated the market for prescription drugs as cancer treatment is largely aided by chemotherapy, targeted therapy, immunotherapy, and hormonal therapy. There is also a growth in the usage of Biology. The number of prescriptions for targeted therapies is booming as more effective novel treatments get approved. Other major players are also launching new targeted drugs.
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By Application
The highest revenue share is held by North America which is 40.01% in 2023. Key drivers include the inclining prevalence of chronic diseases such as cardiovascular, genetic, etc supported by increasing drug research which is anticipated to drive profits following a strong patent pipeline that has aided the active pharmaceutical ingredients market. The global market is powered by the availability of top industry players such as AbbVie Inc.; Curia; Pfizer Inc., Viatris Inc. as well as Fresenius Kabi AG; Viatris, for example, when it was created in a merger of Mylan NV and Pfizer Inc.'s Upjohn unit last year was not born from that kind of mega-deal but now has standing as one with over 100 ANDAs filed annually after the combination. Still big enough to generate billions every quarter even if hardly what we used to think of as Big Pharma., Viatris Ltd. gained approval from the FDA in February 2023; the generic drugs giant became active when won an immediate green light on Generic Restasis; a cyclosporine ophthalmic emulsion indicated ″for all patients suffering from severe dry eye disease. The region shows high-value manufacturing areas including complex & highly potent APIs, gene therapies & biologicals hence offering relative growth.
In addition, in February 2023 the Government of Canada released Good Manufacturing Practices guidance for active pharmaceutical ingredients (GUI-0104) to help anyone working with Active Pharmaceutical Ingredients (APIs) and their intermediates understand how to comply with Part C, Division 2 of the Food and Drug Regulations - GMP. This guideline applies to fabricators, packagers/labelers (including re-packagers/re-labelers), testers, importers and distributors, and wholesalers. This is anticipated to expand the need for API through a government initiative such as this which would further drive the growth of the API in the future.
Additionally, the rising number of API companies investing to enhance manufacturing facilities is expected to fuel market growth. Eurofins moves and grows its API development labs in January 2023 with a new home in Ontario, Canada. Also in May, Piramal Pharma reported that a new active pharmaceutical ingredient (API) plant at the company's facility in Aurora, Ontario is operational and has performed its first production runs. Hence the API Industry is anticipated to grow in the forecast period.
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Key players are Aurobindo Pharma, Bristol Myers Squibb, Eli Lilly and Company, BASF SE, Cipla, Abbvie Inc., Boehringer Ingelheim GmbH, Dr. Reddy’s Laboratories Ltd, Albemarle Corporation, Viatris Inc and Other Players. The key players are emphasizing the preservation of high-quality standards and catering to market demand with an existing customer base in the region at a large scale. This marketing strategy is only helpful if the brand has already established its name and trust in the market. They rely on significant investment in sophisticated new technology & infrastructure capable of high throughput processing & analysis.
| Report Attributes | Details |
|
Market Size in 2023 |
US$ 239.45 Billion |
|
Market Size by 2032 |
US$ 371.06 Billion |
|
CAGR |
CAGR of 5.37% From 2024 to 2032 |
|
Base Year |
2022 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
•By Type Of Synthesis (Biotech, Synthetic) •By Ingredients (Generic APIs, Innovative APIs) •By Application (Cardiovascular Diseases, Oncology, CNS and Neurology, Orthopedic, Endocrinology, Pulmonology Gastroenterology, Nephrology, Ophthalmology) •By Drug (Prescription, OTC) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
Aurobindo Pharma, Bristol Myers Squibb, Eli Lilly and Company, BASF SE, Cipla, Abbvie Inc., Boehringer Ingelheim GmbH, Dr. Reddy’s Laboratories Ltd, Albemarle Corporation, Viatris Inc and Other Players |
|
Key Drivers |
•Prevalence of Chronic diseases generating the need for active pharmaceutical ingredient •An increase in demand for generic medicines is driving the active pharmaceutical ingredient market. |
|
Opportunities |
•Stringent Regulatory norms for the production of active pharmaceutical ingredient products can challenge market growth. •The higher manufacturing costs of active pharmaceutical ingredient products can limit the adoption of active pharmaceutical ingredients. |
Ans: The size of the Active Pharmaceutical Ingredient market was 239.45 billion by 2023.
Ans: Five steps are followed while doing the research process. First is secondary research, the second is primary research, third is data bank validation, the fourth QA/QC process, and the fifth final QC/QA process.
Ans: Drugs are assessed to bring down the market's turn of events, and Holistic drug price control is the restraint of the market.
Ans: North America held the greatest proportion of the active pharmaceutical ingredients market, followed by Europe and the Asia Pacific.
Ans: Yes, the data validation process is followed in this report.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Active Pharmaceutical Ingredient Market Segmentation, By Synthesis
7.1 Introduction
7.2 Biotech APIs
7.2.1 By type
7.2.1.1 Generic APIs
7.2.1.2 Innovative APIs
7.2.2 By Product
7.2.2.1 Monoclonal Antibodies
7.2.2.2 Hormones
7.2.2.3 Cytokines
7.2.2.4 Recombinant Proteins
7.2.2.5 Therapeutic Enzymes
7.2.2.6 Vaccines
7.2.2.7 Blood Factors
7.3 Synthetic APIs
7.3.1 By Type
7.3.1.1 Generic APIs
7.3.1.2 Innovative APIs
8. Active Pharmaceutical Ingredient Market Segmentation, By Ingredients
8.1 Introduction
8.2 Generic APIs
8.3 Innovative APIs
9. Active Pharmaceutical Ingredient Market Segmentation, By Application
9.1 Introduction
9.2 Cardiovascular Diseases
9.3 Oncology
9.4 CNS and Neurology
9.5 Orthopedic
9.6 Endocrinology
9.7 Pulmonology
9.8 Gastroenterology
9.9 Nephrology
9.10 Ophthalmology
9.11 Others
10. Active Pharmaceutical Ingredient Market Segmentation, By Drug
10.1 Introduction
10.2 Prescription
10.3 OTC
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Active Pharmaceutical Ingredient Market by Country
11.2.3 North America Active Pharmaceutical Ingredient Market By Synthesis
11.2.4 North America Active Pharmaceutical Ingredient Market By Ingredients
11.2.5 North America Active Pharmaceutical Ingredient Market By Application
11.2.6 North America Active Pharmaceutical Ingredient Market By Drug
11.2.7 USA
11.2.7.1 USA Active Pharmaceutical Ingredient Market By Synthesis
11.2.7.2 USA Active Pharmaceutical Ingredient Market By Ingredients
11.2.7.3 USA Active Pharmaceutical Ingredient Market By Application
11.2.7.4 USA Active Pharmaceutical Ingredient Market By Drug
11.2.8 Canada
11.2.8.1 Canada Active Pharmaceutical Ingredient Market By Synthesis
11.2.8.2 Canada Active Pharmaceutical Ingredient Market By Ingredients
11.2.8.3 Canada Active Pharmaceutical Ingredient Market By Application
11.2.8.4 Canada Active Pharmaceutical Ingredient Market By Drug
11.2.9 Mexico
11.2.9.1 Mexico Active Pharmaceutical Ingredient Market By Synthesis
11.2.9.2 Mexico Active Pharmaceutical Ingredient Market By Ingredients
11.2.9.3 Mexico Active Pharmaceutical Ingredient Market By Application
11.2.9.4 Mexico Active Pharmaceutical Ingredient Market By Drug
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Active Pharmaceutical Ingredient Market by Country
11.3.2.2 Eastern Europe Active Pharmaceutical Ingredient Market By Synthesis
11.3.2.3 Eastern Europe Active Pharmaceutical Ingredient Market By Ingredients
11.3.2.4 Eastern Europe Active Pharmaceutical Ingredient Market By Application
11.3.2.5 Eastern Europe Active Pharmaceutical Ingredient Market By Drug
11.3.2.6 Poland
11.3.2.6.1 Poland Active Pharmaceutical Ingredient Market By Synthesis
11.3.2.6.2 Poland Active Pharmaceutical Ingredient Market By Ingredients
11.3.2.6.3 Poland Active Pharmaceutical Ingredient Market By Application
11.3.2.6.4 Poland Active Pharmaceutical Ingredient Market By Drug
11.3.2.7 Romania
11.3.2.7.1 Romania Active Pharmaceutical Ingredient Market By Synthesis
11.3.2.7.2 Romania Active Pharmaceutical Ingredient Market By Ingredients
11.3.2.7.3 Romania Active Pharmaceutical Ingredient Market By Application
11.3.2.7.4 Romania Active Pharmaceutical Ingredient Market By Drug
11.3.2.8 Hungary
11.3.2.8.1 Hungary Active Pharmaceutical Ingredient Market By Synthesis
11.3.2.8.2 Hungary Active Pharmaceutical Ingredient Market By Ingredients
11.3.2.8.3 Hungary Active Pharmaceutical Ingredient Market By Application
11.3.2.8.4 Hungary Active Pharmaceutical Ingredient Market By Drug
11.3.2.9 Turkey
11.3.2.9.1 Turkey Active Pharmaceutical Ingredient Market By Synthesis
11.3.2.9.2 Turkey Active Pharmaceutical Ingredient Market By Ingredients
11.3.2.9.3 Turkey Active Pharmaceutical Ingredient Market By Application
11.3.2.9.4 Turkey Active Pharmaceutical Ingredient Market By Drug
11.3.2.10 Rest of Eastern Europe
11.3.2.10.1 Rest of Eastern Europe Active Pharmaceutical Ingredient Market By Synthesis
11.3.2.10.2 Rest of Eastern Europe Active Pharmaceutical Ingredient Market By Ingredients
11.3.2.10.3 Rest of Eastern Europe Active Pharmaceutical Ingredient Market By Application
11.3.2.10.4 Rest of Eastern Europe Active Pharmaceutical Ingredient Market By Drug
11.3.3 Western Europe
11.3.3.1 Western Europe Active Pharmaceutical Ingredient Market by Country
11.3.3.2 Western Europe Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.3 Western Europe Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.4 Western Europe Active Pharmaceutical Ingredient Market By Application
11.3.3.5 Western Europe Active Pharmaceutical Ingredient Market By Drug
11.3.3.6 Germany
11.3.3.6.1 Germany Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.6.2 Germany Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.6.3 Germany Active Pharmaceutical Ingredient Market By Application
11.3.3.6.4 Germany Active Pharmaceutical Ingredient Market By Drug
11.3.3.7 France
11.3.3.7.1 France Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.7.2 France Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.7.3 France Active Pharmaceutical Ingredient Market By Application
11.3.3.7.4 France Active Pharmaceutical Ingredient Market By Drug
11.3.3.8 UK
11.3.3.8.1 UK Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.8.2 UK Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.8.3 UK Active Pharmaceutical Ingredient Market By Application
11.3.3.8.4 UK Active Pharmaceutical Ingredient Market By Drug
11.3.3.9 Italy
11.3.3.9.1 Italy Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.9.2 Italy Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.9.3 Italy Active Pharmaceutical Ingredient Market By Application
11.3.3.9.4 Italy Active Pharmaceutical Ingredient Market By Drug
11.3.3.10 Spain
11.3.3.10.1 Spain Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.10.2 Spain Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.10.3 Spain Active Pharmaceutical Ingredient Market By Application
11.3.3.10.4 Spain Active Pharmaceutical Ingredient Market By Drug
11.3.3.11 Netherlands
11.3.3.11.1 Netherlands Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.11.2 Netherlands Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.11.3 Netherlands Active Pharmaceutical Ingredient Market By Application
11.3.3.11.4 Netherlands Active Pharmaceutical Ingredient Market By Drug
11.3.3.12 Switzerland
11.3.3.12.1 Switzerland Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.12.2 Switzerland Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.12.3 Switzerland Active Pharmaceutical Ingredient Market By Application
11.3.3.12.4 Switzerland Active Pharmaceutical Ingredient Market By Drug
11.3.3.13 Austria
11.3.3.13.1 Austria Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.13.2 Austria Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.13.3 Austria Active Pharmaceutical Ingredient Market By Application
11.3.3.13.4 Austria Active Pharmaceutical Ingredient Market By Drug
11.3.3.14 Rest of Western Europe
11.3.3.14.1 Rest of Western Europe Active Pharmaceutical Ingredient Market By Synthesis
11.3.3.14.2 Rest of Western Europe Active Pharmaceutical Ingredient Market By Ingredients
11.3.3.14.3 Rest of Western Europe Active Pharmaceutical Ingredient Market By Application
11.3.3.14.4 Rest of Western Europe Active Pharmaceutical Ingredient Market By Drug
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Active Pharmaceutical Ingredient Market by Country
11.4.3 Asia-Pacific Active Pharmaceutical Ingredient Market By Synthesis
11.4.4 Asia-Pacific Active Pharmaceutical Ingredient Market By Ingredients
11.4.5 Asia-Pacific Active Pharmaceutical Ingredient Market By Application
11.4.6 Asia-Pacific Active Pharmaceutical Ingredient Market By Drug
11.4.7 China
11.4.7.1 China Active Pharmaceutical Ingredient Market By Synthesis
11.4.7.2 China Active Pharmaceutical Ingredient Market By Ingredients
11.4.7.3 China Active Pharmaceutical Ingredient Market By Application
11.4.7.4 China Active Pharmaceutical Ingredient Market By Drug
11.4.8 India
11.4.8.1 India Active Pharmaceutical Ingredient Market By Synthesis
11.4.8.2 India Active Pharmaceutical Ingredient Market By Ingredients
11.4.8.3 India Active Pharmaceutical Ingredient Market By Application
11.4.8.4 India Active Pharmaceutical Ingredient Market By Drug
11.4.9 Japan
11.4.9.1 Japan Active Pharmaceutical Ingredient Market By Synthesis
11.4.9.2 Japan Active Pharmaceutical Ingredient Market By Ingredients
11.4.9.3 Japan Active Pharmaceutical Ingredient Market By Application
11.4.9.4 Japan Active Pharmaceutical Ingredient Market By Drug
11.4.10 South Korea
11.4.10.1 South Korea Active Pharmaceutical Ingredient Market By Synthesis
11.4.10.2 South Korea Active Pharmaceutical Ingredient Market By Ingredients
11.4.10.3 South Korea Active Pharmaceutical Ingredient Market By Application
11.4.10.4 South Korea Active Pharmaceutical Ingredient Market By Drug
11.4.11 Vietnam
11.4.11.1 Vietnam Active Pharmaceutical Ingredient Market By Synthesis
11.4.11.2 Vietnam Active Pharmaceutical Ingredient Market By Ingredients
11.4.11.3 Vietnam Active Pharmaceutical Ingredient Market By Application
11.4.11.4 Vietnam Active Pharmaceutical Ingredient Market By Drug
11.4.12 Singapore
11.4.12.1 Singapore Active Pharmaceutical Ingredient Market By Synthesis
11.4.12.2 Singapore Active Pharmaceutical Ingredient Market By Ingredients
11.4.12.3 Singapore Active Pharmaceutical Ingredient Market By Application
11.4.12.4 Singapore Active Pharmaceutical Ingredient Market By Drug
11.4.13 Australia
11.4.13.1 Australia Active Pharmaceutical Ingredient Market By Synthesis
11.4.13.2 Australia Active Pharmaceutical Ingredient Market By Ingredients
11.4.13.3 Australia Active Pharmaceutical Ingredient Market By Application
11.4.13.4 Australia Active Pharmaceutical Ingredient Market By Drug
11.4.14 Rest of Asia-Pacific
11.4.14.1 Rest of Asia-Pacific Active Pharmaceutical Ingredient Market By Synthesis
11.4.14.2 Rest of Asia-Pacific Active Pharmaceutical Ingredient Market By Ingredients
11.4.14.3 Rest of Asia-Pacific Active Pharmaceutical Ingredient Market By Application
11.4.14.4 Rest of Asia-Pacific Active Pharmaceutical Ingredient Market By Drug
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Active Pharmaceutical Ingredient Market by Country
11.5.2.2 Middle East Active Pharmaceutical Ingredient Market By Synthesis
11.5.2.3 Middle East Active Pharmaceutical Ingredient Market By Ingredients
11.5.2.4 Middle East Active Pharmaceutical Ingredient Market By Application
11.5.2.5 Middle East Active Pharmaceutical Ingredient Market By Drug
11.5.2.6 UAE
11.5.2.6.1 UAE Active Pharmaceutical Ingredient Market By Synthesis
11.5.2.6.2 UAE Active Pharmaceutical Ingredient Market By Ingredients
11.5.2.6.3 UAE Active Pharmaceutical Ingredient Market By Application
11.5.2.6.4 UAE Active Pharmaceutical Ingredient Market By Drug
11.5.2.7 Egypt
11.5.2.7.1 Egypt Active Pharmaceutical Ingredient Market By Synthesis
11.5.2.7.2 Egypt Active Pharmaceutical Ingredient Market By Ingredients
11.5.2.7.3 Egypt Active Pharmaceutical Ingredient Market By Application
11.5.2.7.4 Egypt Active Pharmaceutical Ingredient Market By Drug
11.5.2.8 Saudi Arabia
11.5.2.8.1 Saudi Arabia Active Pharmaceutical Ingredient Market By Synthesis
11.5.2.8.2 Saudi Arabia Active Pharmaceutical Ingredient Market By Ingredients
11.5.2.8.3 Saudi Arabia Active Pharmaceutical Ingredient Market By Application
11.5.2.8.4 Saudi Arabia Active Pharmaceutical Ingredient Market By Drug
11.5.2.9 Qatar
11.5.2.9.1 Qatar Active Pharmaceutical Ingredient Market By Synthesis
11.5.2.9.2 Qatar Active Pharmaceutical Ingredient Market By Ingredients
11.5.2.9.3 Qatar Active Pharmaceutical Ingredient Market By Application
11.5.2.9.4 Qatar Active Pharmaceutical Ingredient Market By Drug
11.5.2.10 Rest of Middle East
11.5.2.10.1 Rest of Middle East Active Pharmaceutical Ingredient Market By Synthesis
11.5.2.10.2 Rest of Middle East Active Pharmaceutical Ingredient Market By Ingredients
11.5.2.10.3 Rest of Middle East Active Pharmaceutical Ingredient Market By Application
11.5.2.10.4 Rest of Middle East Active Pharmaceutical Ingredient Market By Drug
11.5.3 Africa
11.5.3.1 Africa Active Pharmaceutical Ingredient Market by Country
11.5.3.2 Africa Active Pharmaceutical Ingredient Market By Synthesis
11.5.3.3 Africa Active Pharmaceutical Ingredient Market By Ingredients
11.5.3.4 Africa Active Pharmaceutical Ingredient Market By Application
11.5.3.5 Africa Active Pharmaceutical Ingredient Market By Drug
11.5.3.6 Nigeria
11.5.3.6.1 Nigeria Active Pharmaceutical Ingredient Market By Synthesis
11.5.3.6.2 Nigeria Active Pharmaceutical Ingredient Market By Ingredients
11.5.3.6.3 Nigeria Active Pharmaceutical Ingredient Market By Application
11.5.3.6.4 Nigeria Active Pharmaceutical Ingredient Market By Drug
11.5.3.7 South Africa
11.5.3.7.1 South Africa Active Pharmaceutical Ingredient Market By Synthesis
11.5.3.7.2 South Africa Active Pharmaceutical Ingredient Market By Ingredients
11.5.3.7.3 South Africa Active Pharmaceutical Ingredient Market By Application
11.5.3.7.4 South Africa Active Pharmaceutical Ingredient Market By Drug
11.5.3.8 Rest of Africa
11.5.3.8.1 Rest of Africa Active Pharmaceutical Ingredient Market By Synthesis
11.5.3.8.2 Rest of Africa Active Pharmaceutical Ingredient Market By Ingredients
11.5.3.8.3 Rest of Africa Active Pharmaceutical Ingredient Market By Application
11.5.3.8.4 Rest of Africa Active Pharmaceutical Ingredient Market By Drug
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Active Pharmaceutical Ingredient Market by Country
11.6.3 Latin America Active Pharmaceutical Ingredient Market By Synthesis
11.6.4 Latin America Active Pharmaceutical Ingredient Market By Ingredients
11.6.5 Latin America Active Pharmaceutical Ingredient Market By Application
11.6.6 Latin America Active Pharmaceutical Ingredient Market By Drug
11.6.7 Brazil
11.6.7.1 Brazil Active Pharmaceutical Ingredient Market By Synthesis
11.6.7.2 Brazil Active Pharmaceutical Ingredient Market By Ingredients
11.6.7.3 Brazil Active Pharmaceutical Ingredient Market By Application
11.6.7.4 Brazil Active Pharmaceutical Ingredient Market By Drug
11.6.8 Argentina
11.6.8.1 Argentina Active Pharmaceutical Ingredient Market By Synthesis
11.6.8.2 Argentina Active Pharmaceutical Ingredient Market By Ingredients
11.6.8.3 Argentina Active Pharmaceutical Ingredient Market By Application
11.6.8.4 Argentina Active Pharmaceutical Ingredient Market By Drug
11.6.9 Colombia
11.6.9.1 Colombia Active Pharmaceutical Ingredient Market By Synthesis
11.6.9.2 Colombia Active Pharmaceutical Ingredient Market By Ingredients
11.6.9.3 Colombia Active Pharmaceutical Ingredient Market By Application
11.6.9.4 Colombia Active Pharmaceutical Ingredient Market By Drug
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Active Pharmaceutical Ingredient Market By Synthesis
11.6.10.2 Rest of Latin America Active Pharmaceutical Ingredient Market By Ingredients
11.6.10.3 Rest of Latin America Active Pharmaceutical Ingredient Market By Application
11.6.10.4 Rest of Latin America Active Pharmaceutical Ingredient Market By Drug
12. Company Profiles
12.1 Aurobindo Pharma
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 The SNS View
12.2 Bristol Myers Squibb
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 The SNS View
12.3 Eli Lilly and Company
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 The SNS View
12.4 BASF SE
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 The SNS View
12.5 Cipla
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 The SNS View
12.6 Abbvie Inc.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 The SNS View
12.7 Boehringer Ingelheim GmbH
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 The SNS View
12.8 Dr. Reddy’s Laboratories Ltd
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 The SNS View
12.9 Albemarle Corporation
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 The SNS View
12.10 Viatris Inc.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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