Demand for Sterile Active Pharmaceutical Ingredients to Uplift by Adoption of Targeted Therapy Drugs by Healthcare Professionals: Fact.MR
Global sterile active pharmaceutical ingredients market will be valued at US$ 130.2 billion by 2032, expanding at a CAGR of 6.4% over the next ten years.
The development of novel medications for uncommon conditions, rising prevalence of chronic diseases, and an ageing population have all increased pharmaceutical product use, which has raised pharmaceutical spending internationally. Pharmaceutical ingredients, when used in the creation of medicines, are said to be active.
According to the latest industry report by Fact.MR, a market research and competitive intelligence provider, the global sterile active pharmaceutical ingredients market stands at US$ 69.7 billion at present and is expected to progress at a CAGR of 6.4% between 2022 and 2032.
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Key Takeaways from Market Study
- The global sterile active pharmaceutical ingredients market is projected to expand at a CAGR of 6.4% from 2022 to 2032.
- The market stands at a value of US$ 69.7 billion in 2022.
- Under drug class, monoclonal antibodies lead the market and were valued at US$ 16.8 billion in 2021.
- North America leads the global market with 26.9% share in 2021.
- Demand for sterile active pharmaceutical ingredients is expected to increase at CAGRs of 5.9% and 5.5%, respectively, in Europe and North America, through 2032.
“Ever-growing population and emerging life-threatening diseases will boost the need sterile active pharmaceutical ingredients,” says a Fact.MR Analyst.
Market Titans
- Aurobindo Pharma Limited
- Teva Pharmaceutical Industries Ltd.
- Corden Pharma GmbH
- Dalton Pharma Services
- Pfizer Inc
- Sun Pharmaceutical Industries Ltd.
- Lonza Group
- Albany Molecular Research Inc.
- Sanofi S.A
- Dr. Reddy’s Laboratories Ltd.
Market Development
Despite challenging economic conditions, the business environment in the sterile active pharmaceutical ingredient market continues to display excellent opportunities. Market players such as Aurobindo Pharma Limited, Teva Pharmaceutical Industries Ltd., Corden Pharma GmbH, Dalton Pharma Services, Pfizer Inc, Sun Pharmaceutical Industries Ltd., Lonza Group, Albany Molecular Research Inc., Sanofi S.A, and Dr. Reddy’s Laboratories Ltd are competing to either retain or gain space and dominance in the global market.
Emerging industry players are attempting to enter the sterile active pharmaceutical ingredients market with distinct and innovative products. Moreover, product approvals by drug regulators & authorities and competition among manufacturers for product launches are driving market growth.
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Workflow Optimization
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By Product :
- Kits, Reagents, & Consumables
- Automated Test Systems
- Culture Media
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By Method :
- Broth Dilution Method
- Rapid Automated Method
- Disk Diffusion Method
- Gradient Diffusion Method
- Molecular Testing Method
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By Test Type :
- Antibacterial
- Anti-parasitic
- Antifungal
- Others
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By Application .
- Clinical Diagnosis
- Drug Discovery and Development
- Others
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By End-user :
- Diagnostic Laboratories and Hospitals
- Research and Academic Institutes
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
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By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Oceania
- MEA
Acquisition and Partnership Key Strategies in Sterile Active Pharmaceutical Ingredients Market
Manufacturers are focusing on expansion of product lines in the sterile active pharmaceutical ingredients segment owing to growing demand for parenteral drugs, biologics, and ophthalmic solutions. Key market stakeholders are adopting acquisition and merger strategies for expansion of production capabilities. For instance, in September 2018, Aurobindo Pharma USA Inc.
acquired commercial operations and three manufacturing facilities in the U.S from Sandoz Inc., USA. Also, manufactures are centering towards a strategic partnership with contract manufacturing organization and pharmaceutical companies to access advance manufacturing technologies for sterile products. In February 2017, Sanofi and Lonza entered a strategic partnership to operate large-scale mammalian cell culture facility for monoclonal antibody production in Visp, Switzerland.
Report Benefits & Key Questions Answered
- Sterile Active Pharmaceutical Ingredient Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Sterile Active Pharmaceutical Ingredient Historical volume analysis: The report provides a comparison of Sterile Active Pharmaceutical Ingredient’s historical sales and projected sales performance for 2021-2031.
- Sterile Active Pharmaceutical Ingredient Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Sterile Active Pharmaceutical Ingredient market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Sterile Active Pharmaceutical Ingredient Consumption by demographics: The report investigates consumer behavior affecting Sterile Active Pharmaceutical Ingredient demand outlook for the assessment period. Effect of their keenness for digital trends on Sterile Active Pharmaceutical Ingredient market is carefully analyzed
- Post COVID consumer spending on Sterile Active Pharmaceutical Ingredient: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Sterile Active Pharmaceutical Ingredient market growth.
More Valuable Insights on Sterile Active Pharmaceutical Ingredient Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Sterile Active Pharmaceutical Ingredient, Sales and Demand of Sterile Active Pharmaceutical Ingredient, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Check out more related studies published by Fact.MR Research:
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