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According to IMARC Group, the North America active Pharmaceutical ingredients market is expected to exhibit a growth rate (CAGR) of 5.8% during 2024-2032.
The report has segmented the market by drug type (innovative active pharmaceutical ingredients, generic active pharmaceutical ingredients), manufacturer type (captive manufacturers, merchant API manufacturers), synthesis type (synthetic active pharmaceutical ingredients, biotech active pharmaceutical ingredients), therapeutic application (oncology, cardiovascular and respiratory, diabetes, central nervous system disorders, neurological disorders, and others), and region.
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What is the North America Active Pharmaceutical Ingredients Market
The North America active pharmaceutical ingredients market is witnessing significant growth, driven by the increasing prevalence of chronic diseases and the expanding aging population. Additionally, the escalating demand for effective treatments and medications is augmenting the adoption of high-quality APIs in the production of pharmaceuticals, thereby driving the market growth. Moreover, the elevating R&D activities, owing to the extensive investments and supportive policies by government authorities, are bolstering the market growth, as new APIs are essential for developing novel therapeutics.
North America Active Pharmaceutical Ingredients Market Segmentation:
Market by Drug Type Innovative Active Pharmaceutical Ingredients Generic Active Pharmaceutical Ingredients
Market by Manufacturer Type Captive Manufacturers Merchant API Manufacturers Innovative Merchant API Manufacturers Generic Merchant API Manufacturers
Market by Synthesis Type Synthetic Active Pharmaceutical Ingredients Innovative Synthetic APIs Generic Synthetic APIs
Biotech Active Pharmaceutical Ingredients Market by Drug Type Innovative Biotech APIs Biosimilars
Market by Product Type Monoclonal Antibodies Vaccines Cytokines Others
Market by Expression System Type Mammalian Expression System Microbial Expression System Yeast Expression System Others
Market by Therapeutic Application Oncology Cardiovascular and Respiratory Diabetes Central Nervous Disorders Neurological Disorders Others
Country Insights :
United States Canada Mexico
North America Active Pharmaceutical Ingredients Market Trends:
Another key trend in the North America active pharmaceutical ingredients market is the increasing inclination towards the production of generic drugs, owing to the rising patent expirations of several blockbuster drugs and the inflating need for cost-effective treatment options. In addition to this, the widespread adoption of generic drugs require APIs is propelling the demand for these ingredients.
Besides this, the market is fueled by the growing focus on the development of specialized APIs, such as biologics and high-potency APIs (HPAPIs), which are used in targeted therapies for complex conditions. Apart from this, the emerging trend towards outsourcing API production to contract manufacturing organizations (CMOs), as pharmaceutical companies seek to reduce costs and focus more on their core competencies, is bolstering the market growth. This outsourcing trend will continue to catalyze the market growth across the North America in the coming years.
Other Key Points Covered in the Report:
COVID-19 Impact Porters Five Forces Analysis Value Chain Analysis Strategic Recommendations
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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