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The Global Active Pharmaceutical Ingredients (API) Market valued at USD 237.81 million in 2023 is projected to reach 393.58 million by 2031 and will grow at a CAGR of 6.50% during the forecast period of 2024-2031.
Below are the Top Active Pharmaceutical Ingredients (API) Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Teva Pharmaceutical Industries Ltd.
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Teva is a leading global pharmaceutical company that manufactures both generic and specialty medications. With a strong presence in the API market, Teva produces a wide range of active pharmaceutical ingredients used in various therapeutic areas. It leverages its expertise in API manufacturing to supply high-quality ingredients for the production of generic drugs, contributing significantly to the accessibility and affordability of healthcare worldwide.
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Europe, North America
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In November 2020, Teva Pharmaceutical Industries Ltd. received EcoVadis Silver Medal. The company was awarded for its best responsibilities regarding environmental, labor, human rights practices, ethics, and sustainable procurement. EcoVadis award is given to the company according to the company’s global supply chain rating. This award helped the company to get recognized through the supply chains of their products.
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2.
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Pfizer Inc.
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Pfizer is a multinational pharmaceutical corporation known for its innovative medicines and vaccines. While Pfizer primarily focuses on branded drugs, it also has a presence in the API market. Pfizer produces active pharmaceutical ingredients for its own products and occasionally supplies APIs to other pharmaceutical companies. Its advanced manufacturing capabilities and stringent quality standards ensure the reliability and efficacy of its APIs, supporting the development of novel therapies.
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Europe, Middle East and Africa, Americas, and Asia-Pacific
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In May 2019, Pfizer Inc. expanded its business by opening a new manufacturing facility in Andover, Massachusetts. The company has adopted this initiative to boost the manufacturing of pharmaceutical products with the aim of improving patients' treatment options. This initiative allowed the company to build up a strong partnership with the research and development manufacturing teams.
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3.
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Sanofi
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Sanofi is a global healthcare company engaged in the research, development, manufacture, and marketing of pharmaceutical products. In the API market, Sanofi is involved in producing active ingredients for its extensive portfolio of branded medications across various therapeutic areas, including diabetes, cardiovascular diseases, and vaccines. Sanofi's commitment to innovation and quality enables it to deliver high-performance APIs that form the backbone of its diverse pharmaceutical offerings.
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Middle East and Africa, Europe, Americas, and Asia-Pacific
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In January 21, Sanofi announced the name of the European company, EUROAPI that will manufacture as well as commercialize the active pharmaceutical ingredients. This company will be considered one of the largest producers of APIs in Europe. The APIs will be marketed in Europe as well as in other parts of the region. This helped the company to expand their business worldwide in terms of active pharmaceutical ingredients, which will increase its market revenues in the coming future.
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4.
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Merck KGaA
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Merck KGaA, is a multinational pharmaceutical, chemical, and life sciences company. Merck KGaA is a key player in the API market, supplying active pharmaceutical ingredients for both its proprietary drugs and for contract manufacturing purposes. With a focus on research and development, Merck KGaA continually advances its API manufacturing processes to ensure the highest standards of quality, safety, and sustainability.
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Europe, North America, Latin America, Oceania, Africa, and Asia-Pacific
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In July 2018, Merck KGaA signed an agreement with InnoCore Pharmaceuticals to develop an innovative product or a new platform for the development of sustained-release biological API. The agreement includes the InnoCore Pharmaceuticals drug delivery technology that SynBiosys will be used for the delivery of large molecules APIs such as proteins and peptides. This agreement helped the company enhance its product portfolio in terms of technological use for the delivery of API, and the company's revenues will also increase as the market gets a long-acting release of proteins.
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5.
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Sandoz International GmbH
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Sandoz, a subsidiary of Novartis, is a major player in the global generic pharmaceutical market. Specializing in the development, manufacturing, and marketing of generic drugs, Sandoz relies heavily on the API market to source active pharmaceutical ingredients. By leveraging its extensive network of manufacturing facilities and expertise in API production, Sandoz delivers high-quality, cost-effective APIs for use in its generic medications, contributing to improved access to healthcare worldwide.
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Europe, U.S.
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In July 2020, Sandoz International GmbH (a subsidiary of Novartis AG) announced a joint agreement with Austrian government for long-term production of active ingredients for penicillin products. The company has invested USD 181.57 million for the production of APIs used for penicillin products. The motive of the company was to strengthen the Europe market in terms of antibiotics production as well as introduce the APIs and finished products using innovative technologies. This helped the company to enhance their product portfolio in terms of novel technology-developed products.
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Conclusion
The active pharmaceutical ingredients (API) market is fueled by key industry players such as Teva Pharmaceutical Industries Ltd., Pfizer Inc., Sanofi, Merck KGaA, and Sandoz International GmbH. These companies play pivotal roles in supplying high-quality APIs that form the foundation of both branded and generic medications. With their advanced manufacturing capabilities, commitment to innovation, and stringent quality standards, they contribute significantly to the accessibility, affordability, and efficacy of healthcare worldwide. As the demand for pharmaceutical products continues to rise, these companies will continue to shape and drive the API market forward, ensuring a steady supply of essential ingredients for the development of life-saving treatments and therapies.
