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Global Active Pharmaceutical Ingredients Market to Surpass US$ 284.3 Billion by 2027, Says Coherent Market Insights (CMI)
December 21, 2020 GMT
SEATTLE (BUSINESS WIRE) Dec 21, 2020
According to Coherent Market Insights, the global active pharmaceutical ingredients market is estimated to be valued at
US$ 180.4 billion in
CAGR of
(2020-2027).
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Key trends in the market include the growing prevalence of chronic diseases such as cardiac diseases, respiratory diseases, etc., and geographic expansion of API manufacturers in Asia. According to the World Health Organization, non-communicable disease fact sheet 2017, non-communicable diseases account for 70% of all deaths globally. Each year, 15 million people die from a non-communicable disease between the age group of 30 and 69 years, and over 80% of premature deaths occur in low- and average-income countries.
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