On the basis of type of manufacturing, the market is segmented into API contract manufacturing and captive or in-house API manufacturing. Amongst these, the segment of captive or in-house API manufacturing is experiencing a rapid decline in the market for APIs owing to its lack of profitability for the manufacturer and rising degree of competition in the market. Pharmaceutical companies are inclined towards API contract manufacturing rather than in-house API manufacturing owing to the increasing costs of research and development and the pressure to maintain low prices of finished goods. Thus, outsourcing of API production is increasingly being preferred by manufacturers.

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On the basis of type of API, the market is segmented into biological APIs and synthetic chemical APIs. Amongst these, the segment of biological APIs is experiencing the most significant growth rate owing to the huge number of pharmaceutical companies involved in this segment.

On the basis of drug type, the APIs market is segmented into generic prescription drugs, branded or innovative prescription drugs, and over-the-counter drugs. Amongst these, the volume rise of generic prescription drugs globally will drive the market in forthcoming years.

On the basis of therapeutic area, the market is segmented into oncology drugs, non-steroidal anti-inflammatory drugs, cardiovascular drugs, anti-diabetic drugs, musculoskeletal drugs, central nervous system drugs, and others including antiviral, antibacterial, and antifungal drugs. Amongst these, the segment of oncology APIs is anticipated to be the prime segment of the market for APIs owing to the fact that the majority of the drugs within this segment are high-potency active pharmaceutical ingredients (HPAPIs), due to which this segment is swiftly developing within the market for APIs.

On the basis of geography, the APIs market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Amongst these, North America led the market for APIs owing to the rising utilization of APIs within programs of research and development and drug formulations in the region. This region will maintain its superiority in the coming years owing to the rising preference for generic medicines because of high costs of healthcare. On the other hand, Asia Pacific emerged as the second largest APIs market owing to the presence of a huge number of manufacturers of generic medicines.

The chief players dominant in the market are Boehringer Ingelheim Group, Dr. Reddy’s Laboratories, Ltd., Cambrex Corporation, BASF SE, Lonza Group, Hospira, Inc., Mylan, Inc., Teva Pharmaceutical Industries Ltd., Novartis AG, and Pfizer, Inc., among others.

The global active pharmaceutical ingredients market is segmented as follows:

Active Pharmaceutical Ingredients Market, by Type of Manufacturing
Captive or In-house API manufacturing
API contract manufacturing

Active Pharmaceutical Ingredients Market, by Type of API
Synthetic Chemical API
Biological API

Active Pharmaceutical Ingredients Market, by Type of Drug
Branded or Innovative Prescription Drugs
Generic Prescription Drugs
Over-the-counter Drugs

Active Pharmaceutical Ingredients Market, by Therapeutic Area
Non-steroidal Anti-inflammatory Drugs (NSAIDs)
Oncology Drugs
Anti-diabetic Drugs
Cardiovascular Drugs
Central Nervous System Drugs
Musculoskeletal Drugs
Other Drugs (antibacterial, antiviral, antifungal, etc.)

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