Shift to specialty drugs, technological advances, rising incidence rates of all major diseases and increased private player participation will further boost the industry, says RNCOS.
Noida, UP -- (SBWIRE) -- 01/21/2014 -- As per the new research report by RNCOS, “Global API Market Forecast to 2017”, the global API market is expected to grow at a rapid CAGR of 7.6% during 2012-2017. The main drivers for this growth include rising incidence of major diseases, technological advances resulting in rapid drug discovery & development process, increasing demand for contract manufacturing and reduction in manufacturing costs.
As per our study, the focus of global pharmaceutical and biotech industry participants is shifting towards cost-effective and quality-driven destinations, such as India and China. These countries provide cheap labor, high productivity, low-investment to set-up plant, good profit margins, among others. In addition, there is a set of supportive regulations that support the local manufacturing and at the same time encourage exports. With regards to liberal competitive scenario in India and China, the report has effectively provided a comparative analysis among countries with respect to key indicators, such as labor cost and productivity, price structure, and investment cost to set up plant.
API is one of the most vital parts of pharmaceutical drug manufacturing and the industry hence is suited for major growth. Innovation is significant in APIs and High Potency Active Pharmaceutical Ingredients (HPAPIs) represent the fastest new growing segment in the Global API Industry.
The report provides an understanding of the API market globally and its current state. The key industry drivers have been covered in detail along with the current and future market projections for 2012-2017. The major segments and sub-segments of the API Industry have been covered along with the description of the API Industry in the most promising geographies. The report also analyzes the opportunity assessment for companies in the global APIs market in terms of therapeutic segments and countries’ comparative index. An analysis of the emerging areas, competitive landscape, and regulatory stringency further provides a holistic understanding of the global API market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM612.htm
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.