WESTFORD, Mass. , July 15, 2024 /PRNewswire/ -- According to SkyQuest, the global Active Pharmaceutical Ingredients (API) Market size was valued at USD 210.01 Billion in 2022 and is poised to grow from USD 222.
4 Billion in 2023 to USD 351.81 Billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).
High investments in the research and development of novel pharmaceutical products and high demand for novel active pharmaceutical ingredients are also estimated to bolster market growth. Emphasis on improving active pharmaceutical ingredients manufacturing capabilities will create new opportunities for market players in the future. The global active pharmaceutical ingredients market is segmented into type, synthesis, drug, potency, therapeutic applications, end user, and region.
Download a detailed overview: https://www.skyquestt.com/sample-request/active-pharmaceutical-ingredients-market Active Pharmaceutical Ingredients (API) Market Overview: Report Coverage Details Market Revenue in 2023 $ 222.
4 billion Estimated Value by 2031 $ 351.81 billion Growth Rate Poised to grow at a CAGR of 5.9% Forecast Period 2024–2031 Forecast Units Value (USD Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered Type, Synthesis, Drug, Potency, Therapeutic Applications and End User Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America Report Highlights Updated financial information / .
