Published by Persistence MarketResearch
Posted on September 27, 2021
5 min readLast updated: February 2, 2026
The Active Pharmaceutical Ingredients market is set to grow to $180Bn by 2031, driven by technological advancements and increased healthcare spending.
The Active Pharmaceutical Ingredients Market will be worth US$ 180 Bn at a CAGR of 4.2% from 2021-2031. With interconnected ecosystems taking the center stage, advancements in technology are bound to bring about a digital alteration in the healthcare vertical. Also, bio-based medications are on the anvil.
Active pharmaceutical ingredients are drugs used for chronic diseases such as neuropathic pain, pulmonary diseases, cancer, diabetes, and heart diseases. However, these ingredients have both, benefits as well as adverse effects.
Pharma companies have focused on modernizing their manufacturing methods to improve overall product quality. This also means automation in process development, something that was previously done manually. Installing equipment with large capacities in terms of volume also enables greater production yield.
According to the revised report published by Persistence Market Research, the global active pharmaceutical ingredient market valued at around US$ 180 Bn in 2020, and is predicted to expand at a CAGR of more than 4% over the forecast period (2021–2031).
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Key Takeaways from Market Study
“Strong growth in demand is being witnessed for small molecules, owing to their potency, efficacy, and safety,” says an analyst of Persistence Market Research.
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Increasing Healthcare Spending on Active Pharmaceutical Ingredients
Global healthcare spending increased at a CAGR of 6.92% from 2003 to 2013. This growth in healthcare spending significantly outpaced the growth rate of population in this period, which grew at a CAGR of 1.22%. Consequently, per capita healthcare spending increased from US$ 597 in 2003 to US$ 1,032 in 2013, increasing at a CAGR of 5.62%.
Rise in healthcare spending across all regions has increased access to quality healthcare, and is expected to continue to drive demand for pharmaceutical products.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the active pharmaceutical ingredient market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031. The research study is based on API (small molecules, peptides & oligonucleotides, carbohydrate drugs, and steroidal drugs) and end user (contract manufacturing organizations (CMOs), pharmaceutical companies, contract development manufacturing organizations (CDMOs), and compounding pharmacies), across seven key regions of the world.
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The post Active Pharmaceutical Ingredients Market To Scout Through Innovation (US$ 180 Bn) Between 2021-2031 appeared first on Lake Shore Gazette.
The article discusses the growth and innovation in the Active Pharmaceutical Ingredients market, projected to reach $180Bn by 2031.
Small molecule APIs are compounds used in drugs that are expected to contribute significantly to market revenue due to their effectiveness.
East Asia holds the largest market share due to high healthcare expenditure and research and development efforts.
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