Global Drug Intermediate Market

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The Global Drug Intermediate Market size was valued at USD 12.xx million in 2019 and is expected to reach at a compound annual growth rate (CAGR) of 7.8% from 2019 to 2026.

Drug intermediates are used as raw materials during the manufacture of bulk drugs. These intermediates can also be referred to as the material produced at the time of synthesis of an active pharmaceutical ingredient (API).

The report covers the current estimate and forecast for drug intermediate market on a global and regional level. The report provides an in-depth analysis of the drug intermediate market for the period 2019 – 2026, wherein 2019 is the base year and the period from 2020 to 2026 is the forecast period. Data for 2016- 2019 has been included as historical information. The study provides a detail perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ MN), across different geographies, which includes North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA) and Latin America (LATAM).

The report provides qualitative and quantitative insights on the drug intermediate market trends and detail analysis of market size and growth rate of all segment in the market. The global drug intermediate market is segmented by Type, End User and Region.

Some of the prominent brands in the global drug intermediate market include Ami Lifesciences, Accrete Pharmaceuticals Pvt. Ltd, A.B. Enterprises, Ramdev Chemicals Pvt. Ltd., Clearsynth, Aarti Drugs Ltd., Synpure Labs and Karvy Therapeutics Pvt. Ltd, among others.

Global Drug Intermediate Market Dynamics

Bio-production is becoming more popular as a way to produce safer and more effective drugs. New and creative methods for curing cancer, cystic fibrosis, asthma, blindness and heart disease are now showing the lucrative opportunities for the global drug intermediate market growth. Increasing requirements for drug intermediates in the international market for the rapid developments and advancements happening in the life sciences and biotechnology fields. Growing adoption and rising applications of drug intermediates in the field of research and clinical studies is the driving factor for the global market.

Companies operating in the pharmaceutical and biotechnology sectors along with research institutes are now increasingly focusing on R&D activities relating to drug creation and development. They are also paying special attention to creating new techniques and methods along with equipment for the synthesis of drug intermediates. In the future, this will offer manufacturers the flexibility to provide high levels of customisation in synthesised drugs. Increasing scope of broad ranging applications of drug intermediates has thus helped in the overall development of the global drug intermediates market.
Global presence of API manufacturers help to make global drug intermediate markets outlook positive.

 

Global Drug Intermediate Market

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The growing trend toward new high-tech therapeutics, coupled with the emergence of novel and innovative delivery systems and the evolution of personalized medicines, will only serve to further emphasize the growing demand for advanced APIs. The demand for drugs intermediates to treat the aging population will definitely boost the sales of active pharmaceutical ingredients that are popularly used for manufacturing drug products.

Companies operating in the pharmaceutical industry can make use of these drug intermediates for the purposes of R&D.

In the early years the sole players in the global drug intermediate market were multinationals such as Glaxo, Pfizer, and Parke-Davis. Global pharmaceutical companies both imported and manufactured drug intermediates for various kinds of drug formulations. The pharma sector undergoing with the emergence of new domestic companies, which drive the global drug intermediate market.

Advantages for domestic healthcare industry included the availability of skilled scientific personnel, the low cost of raw material, production, labour and government policy that supported indigenous production of drug intermediates in the private small-scale pharma industry sector.

The speed at which new product technologies were adopted and the ability of Indian companies to develop cost-effective processes and effective distribution systems grow the global drug intermediate market in the forecast period.
Asia Pacific to dominate the global drug intermediate market.

Global Drug Intermediate Market 1

The greatest concentrations of API and drug intermediate manufacturers are located around Asia, specifically in India and China. Due to a growing pool of geriatrics in Asia Pacific, this region is primarily driving the global drug intermediate market. Improving access to health care and the growing demand for pharmaceuticals in Asia-Pacific and the rest of the world are likely to create lucrative growth opportunities for the overall market.

Unsustainable cost structures, stakeholders’ push for value as well as an increased sophistication in health care systems to cope with more robust data and risk mitigation approaches, governments across the globe are shifting their focus from volume-based to value-based health care services as a way of reducing spending while improving outcomes. With an ageing population and the rise of chronic diseases within the Asia Pacific region, the need for such interventions has create the opportunity for growth of global drug intermediate market.

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Global Drug Intermediate Market2
Key Players Operated in Global Drug Intermediate Market

• Ami Lifesciences
• Accrete Pharmaceuticals Pvt. Ltd
• A.B. Enterprises
• Ramdev Chemicals Pvt. Ltd.
• Clearsynth
• Aarti Drugs Ltd.
• Synpure Labs
• Karvy Therapeutics Pvt. Ltd
• Glaxo
• Pfizer,
• Parke-Davis

 

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