Title: The Active Pharmaceutical Ingredient Market To Be Catalysed By The Global At The Rate Of 4% Between 2021-2031
1Active Pharmaceutical Ingredient Market
Report Id PMRREP11260 Category Life Science
Healthcare
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3The Active Pharmaceutical Ingredient Market To Be
Catalysed By The Global At The Rate Of 4 Between
2021-2031
- Prevalence of chronic diseases is constantly on
the rise across the world. This is leading to a
major health burden on governments and the
society in general. Out of these, cardiovascular
diseases make up around half of the total deaths
caused by chronic diseases. According to the
World Health Organization, in 2016, ischemic
heart disease and stroke accounted for around 27
of total deaths, worldwide. Chronic obstructive
pulmonary disease was the third most cause of
death in the same years. These non-communicable
diseases were major causes of deaths globally,
ranging from 37 in lower economies and 88 in
countries with high income. - Rising cases of chronic diseases is surging the
need for pharmaceutical products, thereby
increasing the need for pharmaceutical
ingredients (APIs), especially small molecules. - Persistence Market Research predicts that the
global active pharmaceutical ingredients
market to exhibit a CAGR above 4 over the
forecast period (2021-2031).
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4Key Takeaways from Market Study
- Non-controlled substances hold over half of the
small molecule API market share, making them the
predominant growth contributing factor. - Pharmaceutical and biopharmaceutical companies,
combined, to contribute over 70 of the market
revenue. - Major markets for active pharmaceutical
ingredients to be East Asia, South Asia, North
America, and Europe. - China and India to be the most lucrative markets
for APIs. - Due to the impact of COVID-19, the API market saw
a slight decline in growth in 2020, at 3.4. - Rising prevalence of chronic disorders and
increasing research on small molecule APIs are
expected to propel growth of the global active
pharmaceutical ingredients market over the coming
years, says a Persistence Market Research
analyst.
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