The Animal Health Active Pharmaceutical Ingredients Market To Grow At An Astounding Rate

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The Animal Health Active Pharmaceutical
Ingredients Market To Grow At An Astounding Rate
Report Id PMRREP16972 Category Life Science
Healthcare
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North America to remain dominant in the global
parenteral medical nutrition market

• Asia Pacific (APAC) will continue to be the most
  lucrative region in the global animal health
  active pharmaceutical ingredient market, with
  sales exhibiting the second highest CAGR through
  2025. APAC has remained one of the largest API
  suppliers, at affordable costs.
• Governments across APAC have been making
  investments and focusing on local manufacturing
  facilities of APIs. Favorable policies offered by
  these governments have been shifting the focus of
  API manufacturers in moving their production
  bases to APAC countries, such as India and China.
• In addition, limited insurance or government
  intervention provides smooth flow to market
  growth in these regions.
• However, animal health API products manufactured
  in APAC countries do not meet regulatory
  standards, and there has been increasing concerns
  pertaining to the quality of APIs, especially
  those produced in China and India. Western
  regulatory bodies are becoming stricter in the
  inspection of APIs produced in these regions.
• Manufacturers are further facing challenges in
  bridging the gap between the cost and quality of
  APIs. These factors will inhibit growth of the
  market in APAC.

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