Pharmaceutical intermediates are the prominent components of the active pharmaceutical ingredients. They are mainly used during the manufacturing of the bulk drugs in the pharmaceutical industry. The global market for these intermediates is expected to grow rapidly in the coming years due to the increasing number of chronic diseases around the world.
Pharmaceutical Intermediates Market Size and Growth Rate:
As per the recent reports published by Research Cosmos, Pharmaceutical Intermediates Market was valued at USD 25,350 Million in 2017 and is growing at a CAGR of 3.95% during the forecast period 2018 to 2025.
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Pharmaceutical Intermediates Market Growth Drivers and Challenges:
The growing prevalence of new viruses, increase in the healthcare spending, improved standards of healthcare, technical advancements in the manufacturing are the main factors driving the market. The introduction of novel products has been another major determinant of the market even in tough times. Strict government regulations and the patent expiry are significant aspects that has to be gioven utmost priority while using these intermediates. Antibiotics, antipyretic analgesics, vitamins, etc., are some of the applications of the pharmaceutical intermediates.
Geographical Presence of Pharmaceutical Intermediates Market:
Geographically the market is spread across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds major market share in terms of revenue and volume owing to the maximum number of key players in the area. Also, government regulations are more flexible in terms of adoption of new innovative drugs. Europe and Asia Pacific are expected to follow North America due to the rising population and increasing focus on healthcare.
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Key Players of Pharmaceutical Intermediates Market:
Some of the key players of Pharmaceutical Intermediates Market at the global level are Aceto Corporation, Easter Chemical Corporation, BASF SE, A.R. Life Sciences Private Limited, Vertellus Holdings LLC, Lianhetech, Dishman Group, Chemcon Specialty Chemical Pvt. Ltd., Cycle Pharma, Sanofi Winthrop Industries S.A., and ZCL Chemicals Ltd.
Pharmaceutical Intermediates Market Segmentation:
By Product Type:
- Industrial Grade
- Pharmaceutical Grade
By Application:
- Pharmaceutical Company
- Chemical Production
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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