Australia Active Pharmaceutical Ingredients Market Size & Outlook
Australia active pharmaceutical ingredients market, 2018-2030 (US$M)
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Australia active pharmaceutical ingredients market highlights
- The Australia active pharmaceutical ingredients market generated a revenue of USD 6,470.6 million in 2023 and is expected to reach USD 10,420.6 million by 2030.
- The Australia 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.
Active pharmaceutical ingredients market data book summary
| Market revenue in 2023 | USD 6,470.6 million |
| Market revenue in 2030 | USD 10,420.6 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Biotech |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.7% of the global active pharmaceutical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 30,904.4 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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Australia 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 69.72% in 2023. Horizon Databook has segmented the Australia active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
The Therapeutic Goods Administration (TGA) is responsible for approvals and regulation of pharmaceuticals in Australia. API manufacturers are required to follow guidelines as stated in Part II of PIC/S Guide to GMP and Annexes to PIC/S Guide to GMP. Following the 1991 Baume report, TGA's duties were rearranged.
The TGA is responsible for assessing the pharmaceuticals’ efficacy, safety, and quality as well as timely availability. Referrals to the Australian Drug Evaluation Committee are made for new chemical entities and applications that call for professional counsel (ADEC).
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Target buyers of Australia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Australia active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
Australia Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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