Research and Markets: India Active
Pharmaceutical Ingredients (API) Market Report 2015-2019 with Aurobindo Pharma,
Cipla & Dr. Reddy's Laboratories Dominating
Active pharmaceutical
ingredients are the active substances that are used in the manufacture of a
drug and have a pharmacological effect. They provide health benefits and play a
vital role in disease diagnosis, prevention, and treatment. Active pharmaceutical
ingredients may be synthesized either chemically or through biotechnological
methods. They are used in a wide range of therapeutic areas such as oncology,
respiratory disorders, and rheumatoid arthritis.
One major trend emerging
in this market is the strong focus on the development and introduction of
high-potency API. Such products are increasingly used in oncology and for the
provision of targeted therapy.
According to the report,
one of the key drivers contributing to the growth of the API market in India is
the increased outsourcing of API by global pharmaceutical companies to low-cost
vendors in India. This is done to reduce both manufacturing and infrastructure
costs.
Further, the report states
that stringent regulations are one of the major challenges that the market
faces. Such regulations are particularly well defined for the export of
products to developed regions such as Western Europe and North America. Vendors
are required to comply with elaborate procedures prior to product commercialization.
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