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Latin America Active Pharmaceutical Ingredients Market

Latin America Active Pharmaceutical Ingredients Market is expected to reach USD 32.9 Billion by 2026 from USD 19.5 Billion in 2016 at a CAGR of 5.4% (Detailed analysis of the market CAGR is provided in the report).

The active pharmaceutical ingredient or API component is responsible for producing the medicinal effects in any drug. The API is also known as active ingredients are form the most important constituent of any drug. The drug comprises two components specifically the API and the excipient. The API component is chemically active and forms the main medication. The excipient component is chemically inert and does not react with the API. The main function of the excipient is to cover the API and transfer it to the human body system. The quantity and type of API are decided by the manufacturers post considering the pre-notified standards. The API quantity may vary from one brand to another as patients have comparatively more knowledge about API than the excipient.

Latin America Active Pharmaceutical Ingredients Market
Synthesis type, drug type, manufacturer type, therapeutic area, and geography are the various segments under the active pharmaceutical market in Latin America. The manufacturer type segment is demarcated into merchant and captive manufacturers. The merchant manufacturers monitored one of the fastest growth owing to rise in outsourcing of drug formulation by manufacturers. It reduces or eliminates the requirement of the heavy investment for a manufacturing process. Considering the synthesis type segment, it is biotech and synthetic that forms two major segments of the active pharmaceutical ingredients market. Growth in R&D activities for biosimilar drugs together with the change in focus of traditional manufacturers towards biological drugs are some major factors that have resulted in the higher growth of the biotech segment. Over-the-counter (OTC), generic and branded drugs are the three-drug types on the basis of which the market is segmented for active pharmaceutical ingredients. There is a rise in drug prices along with a higher spending over the healthcare related R&D activities in Latin America. These have together helped in propelling the demand for branded drugs in Latin America market for active pharmaceutical ingredients.

Brazil is the fastest growing region as well as the largest in terms of offshore investments. Companies globally are coming to Latin America for manufacturing products at a cheaper labor cost. The infrastructural difficulties still loom at large in this region that is also expected to improve post government intervention. Overcoming the difficulties related to the healthcare sector coupled with more investments from pharmaceutical companies is expected to improve the growth of active pharmaceutical ingredients market in Latin America.

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Target State: All States
Target City : Pune
Last Update : 12 July 2019
Number of Views: 26
Item  Owner  : jayashree
Contact Email:
Contact Phone: 9607065656

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2019-07-18 (0.104 sec)