COVID-19 Impact and Recovery Analysis- Active Pharmaceutical Ingredients Market 2020–2024 | Increasing Number of Type II DMFs to Boost Growth | Technavio
Technavio has been monitoring the active pharmaceutical ingredients market and it is poised to grow by USD 60.56 billion during 2020–2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Active Pharmaceutical Ingredients Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amneal Pharmaceuticals Inc., Cadila Healthcare Ltd., Jazz Pharmaceuticals Plc, Lupin Ltd., Mylan NV, Novartis AG, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing number of type II DMFS has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/active-pharmaceutical-ingredients-market-industry-analysis
Active Pharmaceutical Ingredients Market 2020–2024: Segmentation
Active Pharmaceutical Ingredients Market is segmented as below:
- Type
- Captive API
- Contract API
- Geographic Landscape
- Asia
- Europe
- North America
- ROW
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40608
Active Pharmaceutical Ingredients Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our active pharmaceutical ingredients market report covers the following areas:
- Active Pharmaceutical Ingredients Market Size
- Active Pharmaceutical Ingredients Market Trends
- Active Pharmaceutical Ingredients Market Analysis
This study identifies the increase in patent expiries as one of the prime reasons driving the active pharmaceutical ingredients market growth during the next few years.
