As per our new research report “Global API Market Analysis”, there has been a sharp fall in the share of India’s domestic APIs production. It has been observed that, most active pharmaceutical ingredients (API) are being imported from China. As a result, the government is in favor of policy interventions to bring back bulk drug manufacturing to India. Various measures, such as tax incentives and provision of soft loans have to be put in place to encourage investments so that production rises and jobs are generated in the Indian APIs industry.
Our study indicates that, in the coming years, the Indian domestic bulk drugs industry can benefit from the impending patent expiries, including those of blockbuster drugs, in the regulated markets. This will open up opportunities for supplying bulk drugs to manufacturers of such generic drugs as well as increase outsourcing of bulk drugs by multinational pharmaceutical companies.
Besides, we have done thorough research and prudent analysis of the global APIs industry and identified some critical factors acting as a catalyst for the industry’s current and future growth outlook. The report reveals that, the APIs industry is in best spirits now and is looking forward to a stupendous growth in the coming years. The global APIs grew at a CAGR of around 8 % during 2005 - 2010. Based on some concrete market fundamentals, we anticipate that, generics prescription drugs and biotech APIs will experience tremendous growth in future driven by increased demand from the pharmaceutical industry.
“Global API Market Analysis”, analyzes the global APIs industry, by segmenting it into biotech, synthetic, prescription, and generics APIs. Each of these segments have been thoroughly studied and analyzed in the report. A separate section on the emerging opportunities from High Potency APIs has also been covered separately in the report. Moreover, the report provides an overview of the industry challenges & regulatory environment, which will help clients in identifying the future demand scenario.
The research contains exhaustive information regarding the market players, recent developments, and geographical markets that will help clients in formulating market strategies and assess opportunity areas in the global APIs market.
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Article By: Shushmul Maheshwari