Russia Active Pharmaceutical Ingredients Market Size & Outlook
Russia active pharmaceutical ingredients market, 2018-2030 (US$M)
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Russia active pharmaceutical ingredients market highlights
- The Russia active pharmaceutical ingredients market generated a revenue of USD 4,894.1 million in 2023 and is expected to reach USD 7,268.2 million by 2030.
- The Russia market is expected to grow at a CAGR of 5.8% 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 4,894.1 million |
| Market revenue in 2030 | USD 7,268.2 million |
| Growth rate | 5.8% (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, Russia accounted for 2.1% 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 Europe, Germany active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 5,744.8 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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Russia 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 69.91% in 2023. Horizon Databook has segmented the Russia active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
The government's push for national security in the supply of medicines is one of the key variables influencing the market, especially since large international companies, such as Bayer and Novartis, ceased at least some activities in the nation in 2022 as a result of the war in Ukraine.
These investments are expected to drive market growth in the coming years. Furthermore, increase in API manufacturing units in the country is projected to drive market growth. Moreover, Russian companies are also focusing on expanding production sites in other regions, to expand their capacity and footprints.
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Target buyers of Russia 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 country-level data and insights on the Russia active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Russia active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
Russia Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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