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Overview of the Active Pharmaceutical Ingredient Market
IQVIA Chemical Intelligence
Feb 15, 2024
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The Active Pharmaceutical Ingredient (API) is the vital, biologically active compound in pharmaceutical products driving therapeutic effects. Whether chemically synthesized or sourced from nature, APIs play a pivotal role globally in the pharmaceutical supply chain, serving as the foundation for drug development and manufacturing. As the pharmaceutical industry evolves towards cutting-edge therapeutics and innovative delivery systems, the demand for sophisticated APIs is likely to increase.

Global molecule market: A surge in value and growth over the years (2014–MAT 2023)
The molecule market has shown consistent growth, with key players implementing strategies to maintain this momentum. Based on IQVIA's MIDAS data, the observed statistical growth highlights the ongoing upward trajectory of the global molecule market driven by diverse factors. This reflects a substantial and enduring uptrend, evident in the compound annual growth rates (CAGR) during the periods from 2014 to MAT 2023.

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