Pharmaceutical Intermediates Market Industry Size, Demand, Share, Business Growth, Top Key Players Update, Business Statistics and Research methodology by Forecast to 2028

The global Pharmaceutical Intermediates Market is expected to reach US$ 37,290.33 million in 2028 from US$ 27,356.70 million in 2020. The market is estimated to grow with a CAGR of 4.2% from 2021-2028.

Countries in Asia Pacific are emerging as attractive outsourcing locations for pharmaceuticals and biopharmaceuticals industries. Low manufacturing and operating costs in China and India are key factors driving the pharmaceutical manufacturing business in the region. Recent growth in the pharmaceutical industry in both these countries indicate a positive outlook for the pharmaceutical intermediates market. As per the India Brand Equity Foundation (IBEF), an initiative of the Ministry of Commerce & Industry of the Government of India, the value of the pharmaceutical industry in India is expected to reach US$ 100 billion by 2025. Moreover, pharmaceuticals export from India was worth US$ 16.3 billion in 2020; these exports include drug formulations, bulk drugs, intermediates, biologicals, and herbal products.

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Analysis of the Top Market Players:

1. Pfizer, Inc
2. Dishman Group
3. Dextra Laboratories Limited
4. Sanofi Winthrop Industries S.A.
5. Vertellus Holdings LLC
6. BASF SE
7. Lianhetech
8. Codexis
9. Midas Pharma GmbH
10. Chiracon GmbH

In this report, the market has been segmented on the basis of:

Type (GMP, and Non GMP)
Applications (Antibiotics, Antipyretic Analgesics, Vitamins, and Others)
Distribution Channel (Distributor, and Direct Sales), and Geography

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Flourishing domestic pharmaceutical market in APAC and increasing number of pipeline drugs are further opening new avenues for the contract manufacturers as well as generic drug manufacturing in the region. As per IBEF, India's domestic pharmaceutical market business revenue reached US$ 20.03 billion (INR 1.4 lakh crore) in 2019, with a year-on-year (y-o-y) increase of 9.8% from US$ 18.12 billion (INR 129,015 crore) in 2018. Additionally, to meet the growing demand, many contract-based organizations are expanding their manufacturing capabilities, further boosting the growth of the market. For instance, in January 2020, STA Pharmaceutical Co., Ltd., a subsidiary of WuXi AppTec, opened a new large-scale oligonucleotide API manufacturing facility in China. Thus, the emerging markets hold high potential and huge revenue generation opportunities for the pharmaceutical continuous manufacturing companies.

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