Active Pharmaceutical Ingredient Market Outlook And Trends Forecast 2024
The report "Active Pharmaceutical Ingredient Market by Type of Synthesis (Biotechnological. Synthetic, Semi-Synthetic), by Application Area (Cardiovascular system, Oncology, CNS & Neurological system, Orthopaedic, Endocrinology, Pulmonology, Gastrointestinal system, Nephrology system, Ophthalmology, Others) - Global Forecasts to 2030", is projected to reach USD 191.3 billion in 2023, registering at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period 2024-2030. The growth of the active pharmaceutical ingredient market is majorly driven by the rising prevalence of cancer and increasing sophistication in oncology drug research.
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