Spain Active Pharmaceutical Ingredients Market Size & Outlook
Spain active pharmaceutical ingredients market, 2018-2030 (US$M)
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Spain active pharmaceutical ingredients market highlights
- The Spain active pharmaceutical ingredients market generated a revenue of USD 3,605.0 million in 2023 and is expected to reach USD 5,744.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.9% 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 3,605.0 million |
| Market revenue in 2030 | USD 5,744.8 million |
| Growth rate | 6.9% (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, Spain accounted for 1.5% 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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Spain 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 69.87% in 2023. Horizon Databook has segmented the Spain active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Spain’s pharmaceutical sector has continued to receive major investments, which is anticipated to positively influence APIs market. In April 2020, AGC Chemicals announced expansion of its production capacity for synthetic APIs.
The active ingredients will lead to the production of 100 million doses, which is expected to enhance revenue generation by the company in the coming years. Moreover, in May 2021, Sandoz invested USD 150 million for expanding production site in Palafolls, Spain.
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Target buyers of Spain 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 Spain active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Spain active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
Spain Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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