PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550637
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550637
India active pharmaceutical ingredients market is estimated to be valued at USD 13.72 Bn in 2024 and is expected to reach USD 23.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 13.72 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.70% | 2031 Value Projection: | US$ 23.10 Bn |
India has established itself as a global sourcing hub for generic APIs due to availability of large pool of scientifically skilled professionals and a robust manufacturing infrastructure. Lower costs of production and strong process chemistry skills have enabled Indian pharmaceutical companies to gain market share in regulated markets. The country manufactures over 350 APIs across therapeutic areas including anti-retrovirals, anti-infectives, Cardiovascular, Anti-diabetics, and Oncology segments. Rising expenditures on healthcare and increasing demand for generic drugs can drive the market growth.
India active pharmaceutical ingredients market growth is driven by rising availability of affordable treatment options due to a large domestic population base and rapidly growing exports. Strong process chemistry skills and lower costs enjoyed by domestic manufacturers compared to Western counterparts drives the market growth. However, stringent regulatory norms in overseas markets and environmental compliance issues can hamper the market growth. Moreover, dependence on imports for key starting materials limits self-reliance. Development of complex generics and novel drug delivery systems can offer opportunities in specialty/orphan drugs segments. Investments in R&D and upgradation of technological capabilities is crucial for companies to sustain leadership in long run.
This report provides in-depth analysis of the India active pharmaceutical ingredients market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the India active pharmaceutical ingredients market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Sun Pharmaceutical Industries, Lupin, Aurobindo Pharma, Dr. Reddy's Laboratories, Cipla
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
India active pharmaceutical ingredients market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India active pharmaceutical ingredients market
Detailed Segmentation-