Active Pharmaceutical Ingredients Market to Reach US$185.9 billion by 2020
Study by Transparency Market Research concludes
The report, titled “Active Pharmaceutical Ingredients (API) Market: (Branded/Generic/Over-the-counter, Chemical/Biological, Captive/Contract Manufactured, by Geography, and by Therapeutic Area) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, determines that the global API market is likely to reach a value of US$185.9 billion by the end of the forecast period.
By type of manufacturing, the captive API manufacturing market dominates the global market. However, the API contract manufacturing market is likely to surpass the former over the forecast period.
Based on drugs, the report projects the market for oncology drugs to post the fastest growth rate during the period of forecast.
Most read news
Organizations
Other news from the department business & finance
Get the life science industry in your inbox
From now on, don't miss a thing: Our newsletter for biotechnology, pharma and life sciences brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.