Asia Pacific High Potency Active Pharmaceutical Ingredients Market Size & Outlook
Asia Pacific high potency active pharmaceutical ingredients market, 2018-2030 (US$M)
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Asia Pacific high potency active pharmaceutical ingredients market highlights
- The Asia Pacific high potency active pharmaceutical ingredients market generated a revenue of USD 7,065.1 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating product in 2023.
- Biotech is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 7,065.1 million |
| Market revenue in 2030 | USD 11,684.2 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Biotech |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Biotech |
| Key market players worldwide | Basf SE, CordenPharma, Bristol-Myers Squibb Co, Pfizer Inc, Boehringer Ingelheim Pharma, Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, Albany Molecular Research, Sanofi SA, Lonza Group Ltd, Cipla Ltd DR, Merck & Co Inc, Teva Pharmaceutical Industries Ltd, Novartis AG ADR, Roche Holding AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.6% of the global high potency active pharmaceutical ingredients market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,684.2 million by 2030.
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High Potency Active Pharmaceutical Ingredients Market Scope
High Potency Active Pharmaceutical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific high potency 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 high potency active pharmaceutical ingredients market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 72.25% in 2023. Horizon Databook has segmented the Asia Pacific high potency active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific consists of a blend of developing and developed economies. Rising healthcare expenditure in the region is anticipated to fuel the market growth. According to NCBI, in 2019, 24% of overall breast cancer cases are in Japan, China, and Indonesia in Asia Pacific region. However, increasing access to oncology diagnosis and treatment is anticipated to fuel the growth of the market.
Asia Pacific market for HPAPI is expected to show significant growth over the forecast period, which can be attributed to presence of emerging economies, rapidly growing oncology market, supportive government initiatives, and growing investments in biotechnology sector.
In addition, growing generics sector and improving healthcare facilities are anticipated to fuel the market growth in the near future.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific high potency active pharmaceutical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific high potency active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific high potency active pharmaceutical ingredients market size, by country, 2018-2030 (US$M)
Asia Pacific High Potency Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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