Global Market Study on Active Pharmaceutical Ingredient (API): Synthetic Chemical API Segment Is Estimated to Account for More Than 60% Share of the Market
Active pharmaceutical ingredients (APIs) are bulk drug products that are used as raw materials for formulations. APIs of good quality are essential for the manufacture of effective and safe medicines. However, not all pharmaceutical companies possess in-house API manufacturing capabilities. Furthermore, a single company cannot produce all the APIs required for their formulation offerings.
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