Asia Pacific Active Pharmaceutical Ingredients Market Size & Outlook
Asia Pacific active pharmaceutical ingredients market, 2018-2030 (US$M)
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Asia Pacific active pharmaceutical ingredients market highlights
- The Asia Pacific active pharmaceutical ingredients market generated a revenue of USD 78,296.2 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating type of synthesis in 2023.
- Biotech is the most lucrative type of synthesis segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 78,296.2 million |
| Market revenue in 2030 | USD 125,445.4 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Biotech |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Biotech |
| Key market players worldwide | Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, Teva Pharmaceutical Industries Ltd, Cipla Ltd DR, AbbVie Inc, Aurobindo Pharma, Sandoz Group AG Registered Shares, Viatris Inc, Fresenius Kabi |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.0% of the global active pharmaceutical ingredients market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 125,445.4 million by 2030.
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Active Pharmaceutical Ingredients Market Scope
Active Pharmaceutical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific active pharmaceutical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to active pharmaceutical ingredients market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 69.65% in 2023. Horizon Databook has segmented the Asia Pacific active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Growing initiatives, such as Make in India project, and rising government investments to boost essential API production are expected to increase the production of APIs in Asia Pacific .Increasing healthcare spending by governments and rising per capita income are among the factors expected to significantly improve market penetration of APIs.
High proportion of low income groups in Asia Pacific is anticipated to hinder the market growth. Increased competition is expected to result in low profit margins. Trade war between the U.S. and China along with the COVID-19 outbreak is expected to have an adverse effect on the demand for APIs in major countries such as China.
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Target buyers of Asia Pacific active pharmaceutical ingredients market databook
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Our clientele includes a mix of active pharmaceutical ingredients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific active pharmaceutical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific active pharmaceutical ingredients market size, by country, 2018-2030 (US$M)
Asia Pacific Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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