HPAPIs need huge investments, but prospects of higher margins and an escalating demand are boosting their global market, especially in the developed regions, says RNCOS.
Noida, UP -- (SBWIRE) -- 08/18/2013 -- As per the new research report by RNCOS, “Global API Market Forecast to 2017”, High Potency Active Pharmaceutical Ingredients (HPAPIs) represents the fastest growing segment in the Global API Industry. Backed by factors including a rising demand for cancer HPAPIs, increased private player participation especially in developed regions and technological advances aiding their manufacturing process, the market is expected to reach US$ 15.3 Billion by 2017.
As per our study, API is one of the most vital parts of pharmaceutical drug manufacturing and the industry hence is suited for major growth. 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.
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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