PUBLISHER: BCC Research | PRODUCT CODE: 1572711
PUBLISHER: BCC Research | PRODUCT CODE: 1572711
The global market for active pharmaceutical ingredients (APIs) is estimated to increase from $247.8 billion in 2023 to reach $347.9 billion by 2029, at a compound annual growth rate (CAGR) of 5.9% from 2024 through 2029.
The chemical synthesis market for APIs is estimated to increase from $181.3 billion in 2023 to reach $246.1 billion by 2029, at a CAGR of 5.4% from 2024 through 2029.
The biotech market for APIs is estimated to increase from $66.5 billion in 2023 to reach $101.7 billion by 2029, at a CAGR of 7.4% from 2024 through 2029.
This goal of this report is to impart in-depth knowledge of the global market for active pharmaceutical ingredients (APIs), in terms of both qualitative and quantitative data, to help readers assess the market landscape, develop business/growth strategies, and analyze their market position. BCC Research estimates market size for 2023 (the base year) and forecasts values for 2024 by the end of 2029. It is important to note that market size reflects the demand for APIs within a region or country rather than the API industry itself.
In this report, the API market is analyzed by manufacturer type, production method, molecule type, region and country. Industry growth trends, drivers, restraints and opportunities in the API market are also discussed in detail. The scope of the study is global.