Global Pharmaceutical API Manufacturing Market Trends And Strategies Of Major Players In The Market 2021-2030
22 Nov, 2021
Global Pharmaceutical API Manufacturing Market Size And Drivers:
The global pharmaceutical API manufacturing market is expected to grow from $170.06 billion in 2020 to $177.32 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pharmaceutical active pharmaceutical ingredients (API) manufacturing market is expected to reach $215.90 billion in 2025 at a CAGR of 5%. The rise in aging population is one of the major drivers of the pharmaceutical API manufacturing market.
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Trends In The Global Pharmaceutical API Manufacturing Market
Many companies use modern technologies such as process control, and powder handling to optimize API manufacturing. These technologies include advances in Lyophilization i.e., freeze-drying process. It is a low-temperature dehydration process which involves freezing the product, lowering pressure and then removing the ice formed. For instance, Telstar, a company that manufactures efficient integrated systems for pharmaceutical and manufacturing processes, developed LyoGistics Zero, an automatic loading and unloading system for freeze dryers to manufacture hazardous products. The system uses a linear magnetic driving mechanism which functions without racks and belts to reduce particle generation and this improves the hygiene in API manufacturing. Also, ILC Dover, a pharmaceutical company, developed JetBreaker system, a semi-automatic powder handling system that separates powdered media and buffers powders so that they can be mixed better in a solution.
Global Pharmaceutical API Manufacturing Market Segments:
The global API manufacturing market is further segmented –
By Therapy Area: Cardiovascular Disorders, Metabolic Disorders, Neurological Disorders, Oncology, Musculoskeletal Disorders, NSAIDs, Other Therapeutics Uses
By API Type: Chemical API, Biological API
By Drug Type: Innovative Drugs, Generic Prescription, Over-The-Counter (OTC) Drugs
By Geography: The global active pharmaceutical ingredients manufacturing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/pharmaceutical-api-manufacturing-global-market-reportPharmaceutical API Manufacturing Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides pharmaceutical API manufacturing market overviews, analyzes and forecasts market size and growth for the global pharmaceutical API manufacturing market, pharmaceutical API manufacturing market share, pharmaceutical API manufacturing market players, pharmaceutical API manufacturing market segments and geographies, pharmaceutical API manufacturing market’s leading competitors’ revenues, profiles and market shares. The pharmaceutical API manufacturing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.