Active Pharmaceutical Ingredients Market to Amass $359.45 Billion by 2030 at CAGR 5.85% - Grand View Research, Inc.

Grand View Research, Inc. United Kingdom United States of America

- The global high potency active pharmaceutical ingredients market size is expected to reach USD 40.66 billion by 2030 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the HPAPI market is attributed to rising incidence of cancer, growing targeted therapies, and increasing application of high potency active pharmaceutical ingredients (HPAPI) in treating target diseases. Rising prevalence of cancer is expected to be a major factor.Europe Active Pharmaceutical Ingredients (API) Market - The Europe active pharmaceutical ingredients (API) market size is expected to reach USD 66.7 billion by 2030, expanding at a CAGR of 5.75% from 2023 to 2030, according to a new report by Grand View Research, Inc. The development of the biopharmaceutical industry in the region, the rising elderly population, and improvements in the ease of production of complex active pharmaceutical ingredients (API) are some of the market's key drivers.U.S. Active Pharmaceutical Ingredients Market - The U.S. active pharmaceutical ingredients market size is expected to reach USD 114.9 billion by 2030 and is projected to grow at a CAGR of 4.7% from 2024 to 2030. This growth is attributed to the increasing demand for innovative medicines, advancements in biotechnology, and the shift towards microbial-based fermentation approaches. In addition, the rising need for environmentally friendly production methods and the rising consciousness of the ecological risks associated with traditional chemical routes have led to a significant rise in the demand for APIs.

Browse Horizon Databook on Active Pharmaceutical Ingredients Market - Global Active Pharmaceutical Ingredients Market Size & Outlook

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research. Gain insights from 30K+ Global & Regional Reports, 120K+ Country Reports, 1.2M+ Market Statistics, 200K+ Company Profiles, and 5 business solutions encompassing ESG and Sustainability Consulting, Procurement Intelligence, Pricing Index and Analysis, and Consumer Analytics.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: [phone]
Toll Free: 1-888-202-9519
Email: [e-mail]
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/active-pharmaceutical-ingredients-api-market-to-amass-359-45-billion-by-2030-at-cagr-5-85---grand-view-research-inc-302441121.html

@ prnewswire.co.uk