Market revenue in 2023 | USD 4,450.0 million |
Market revenue in 2030 | USD 6,841.3 million |
Growth rate | 6.3% (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 |
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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 69.89% in 2023. Horizon Databook has segmented the Italy active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Italy’s pharmaceutical industry has observed growth of 6.3%, contributing to its API production. In December 2019, SUANFARMA Group announced the acquisition of an API plant from Sandoz to fulfill its expansion strategies. Furthermore, in June 2020, Flamma SpA announced quadrupling its R&D to meet the global API production demands.
Such initiatives are expected to propel market growth. In November 2022, ReiThera expanded its production facility in Italy with an investment of USD 15 million. In August 2021, Catalent expanded its biologics manufacturing facility in Angani, Italy, requiring an investment of USD 100 million.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Italy active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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