The global market for active pharmaceutical ingredient is expected to witness lucrative growth over the forecast period. Key driver of the market include higher demand for drugs due to existence and prominent growth of various diseases such as cancer, diabetes, renal dysfunction, respiratory disorders, and bacterial infections. Discovery of new drugs, and development of new diseases coupled with pathogens further promote the growth of the market. Expiration of patents of blockbuster drugs, resistance against existing pharmaceutical drugs, new application development for existing drugs and higher investment by players and government support are other high impact rendering drivers for this market. Contractual manufacturing of API constitutes the largest segment, owning to undivided attention on a single competency providing high quality and continuous batch production of API’s.
http://www.grandviewresearch.com/industry-analysis/active-pharmaceutical-ingredients-market
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