Japan Active Pharmaceutical Ingredients Market Size & Outlook
Japan active pharmaceutical ingredients market, 2018-2030 (US$M)
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Japan active pharmaceutical ingredients market highlights
- The Japan active pharmaceutical ingredients market generated a revenue of USD 8,736.6 million in 2023 and is expected to reach USD 14,086.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.1% 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 8,736.6 million |
| Market revenue in 2030 | USD 14,086.5 million |
| Growth rate | 7.1% (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, Japan accounted for 3.7% 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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Japan 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 69.6% in 2023. Horizon Databook has segmented the Japan active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Changing market dynamics minimize opportunities for new companies. For instance, in January 2020, Sandoz announced completion of Aspen’s API business in Japan, which helped Sandoz strengthen its position in the world’s third largest market for off-patent and generic medicines. This portfolio expansion allowed Sandoz to cater to the generics market.
As Japan imports 50% of its API, companies tend to form partnerships with Japanese firms to enter the market to supply APIs. For instance, in February 2020, Astellas Pharma invested USD 90.8 million for expanding its API manufacturing facility in Toyama, Japan.
Moreover, in March 2022, Sumitomo Chemical Co., Ltd. established a new manufacturing plant in Oita, Japan for API, and intermediates for small molecule drugs. Thus, growing interest of global companies in Japan is expected to drive the market over the forecast period.
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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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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 Japan active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Japan active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
Japan Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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