Active Pharmaceutical Ingredient Market

Leeb5755502 Aug, 2022Business

The global active pharmaceutical ingredient (API) market is set for rapid expansion in the coming years, primarily because of the increasing applications of drugs, rising prevalence of chronic and lifestyle-associated diseases such as cancer, cardiovascular diseases, and diabetes, surging geriatric population, mounting investments being made in biosimilars, implementation of government initiatives for promoting generic drug usage, mushrooming healthcare expenditure, expiration of patented biologics, and growing public awareness about diseases.