Amneal Pharmaceuticals Inc., Cadila Healthcare Ltd., and GlaxoSmithKline Plc will emerge as major active pharmaceutical ingredients market participants during 2021-2025.
NEW YORK, Sept. 15, 2021 /PRNewswire/ -- Technavio has been monitoring the active pharmaceutical ingredients market and it is poised to grow by USD 64.53 billion during 2021-2025, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Top 3 Vendor Analysis of Active Pharmaceutical Ingredients Market
Amneal Pharmaceuticals Inc.: The company performs captive manufacturing of APIs for its own finished pharmaceutical products.
Cadila Healthcare Ltd.: The company offers 38 APIs and intermediates across various therapeutic categories.
GlaxoSmithKline Plc: The company develops complex APIs such as steroids and peptides.
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Active Pharmaceutical Ingredients Market 2021-2025: Segmentation
Active pharmaceutical ingredients market is segmented as below:
The active pharmaceutical ingredients market is driven by evolving API manufacturing scenarios in developing countries. In addition, the increasing number of type II DMFs is expected to trigger the active pharmaceutical ingredients market toward witnessing a CAGR of over 6% during the forecast period.
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Market positioning of vendors
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