Pharmaceutical Intermediate Exporter
New York, NY, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Pharmaceutical Intermediates Market by Product Type (GMP and Non GMP), by Applications (Antibiotics, Antipyretic analgesics, Vitamins, and Others), and by Distribution Channel (Direct Sales and Distributor): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global pharmaceutical intermediates market was valued at approximately USD 25,440 million in 2017 and is expected to generate revenue of around USD 33,608 million by end of 2024, growing at a CAGR of around 4.0% between 2018 and 2024.
Pharmaceutical intermediates are chemical compounds which form the building blocks of the active pharmaceutical ingredient (API). Pharmaceutical intermediates are produced as a by-product during the production of API. Every reaction in the production process of API gives rise to various different pharmaceutical intermediates. Pharmaceutical intermediates are used in the production of bulk drugs and also for research and development purpose by various pharma and biopharma companies.
Browse through 71 Tables & 15 Figures spread over 110 Pages and in-depth TOC on “Global Pharmaceutical Intermediates Market Size 2017: By Type, Industry Share, Growth, Trends, Analysis, and Forecast to 2024”.
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One of the factors driving the growth of the pharmaceutical intermediate market over the forecast period is the increased burden of various diseases such as infectious diseases, chronic diseases, and others. This is expected to cause a surge in the demand for pharmaceutical intermediates over the forecast period. As per the Centers for Disease Control and Prevention 2017 report, there were around 16.8 million physician visits for infectious and parasitic diseases. Various research and development activities carried by pharmaceutical companies will further support the growth of pharmaceutical intermediates market and help companies to expand their therapeutic area segment, which, in turn, will promote the growth of the pharmaceutical intermediate market. Furthermore, patent expiry is also a major factor supporting the growth of the pharmaceutical intermediate market. Moreover, high spending on research and development activities and constant demand for new and innovative therapies are expected to promote the growth of pharmaceutical intermediates market over the forecast period. However, stringent regulatory policies are expected to slow down the growth of the pharmaceutical intermediate market in the coming years
Pharmaceutical intermediates are classified on the basis of product type, application, and distribution channel. On the basis of product type, pharmaceutical intermediates market is segmented into GMP and non GMP. On the basis of application, pharmaceutical intermediates market is segmented into antibiotics, antipyretic analgesics, vitamins, and others. On the basis of the distribution channel, pharmaceutical intermediates are segmented into direct sales and distributors.
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North America is expected to dominate the pharmaceutical intermediate market over the forecast period due to the presence of developed countries such as the U.S. and Canada. The increased prevalence of various infectious and chronic diseases has increased the demand for pharmaceuticals which, in turn, are expected to promote the growth of pharmaceutical intermediates market over the forecast period. Moreover, the presence of major market players in the region is also expected to promote the growth of pharmaceutical intermediates market over the forecast period.
Europe is anticipated to be the second largest expanding region over the estimated period, owing to the rise in research and development activities along with high investments on research and development activities by myriad key players coupled with technological advancements. Furthermore, enhanced demand for advanced pharmaceutical products is anticipated to support the growth of pharmaceutical intermediates market over the forecast timeframe.
Browse the full "Pharmaceutical Intermediates Market by Product Type (GMP and Non GMP), by Applications (Antibiotics, Antipyretic analgesics, Vitamins, and Others), and by Distribution Channel (Direct Sales and Distributor): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/pharmaceutical-intermediates-market
The Asia Pacific is expected to be the third largest and fastest growing region over the forecast period, owing to the rise in the occurrence of diseases, increasing investments in healthcare sector and infrastructure, coupled with the increased demand for pharmaceuticals. The developing countries such as China and India have large production units of the pharmaceuticals intermediates and are expected to promote the growth of pharmaceutical intermediate market over the forecast period.
Latin America and the Middle East and Africa pharmaceutical intermediates market is expected to grow moderately over the forecast period due to the increased prevalence of various diseases and increased use of pharmaceuticals. Furthermore, supportive government initiatives are further expected to support the growth of pharmaceutical intermediates in the near future.
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Some of the major market players of the pharmaceutical intermediates market include A.R. Life Sciences Private Limited, Vertellus Holdings LLC, Lianhetech, Dishman Group, Midas Pharma GmbH, Codexis, Inc., Chemcon Specialty Chemicals Pvt. Ltd, Aceto Corporation, Cycle Pharma, Dextra Laboratories Ltd., BASF SE, Sanofi Winthrop Industrie S.A., ZCL Chemicals Ltd., and Easter Chemical Corporation, among others.
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This report segments the global pharmaceutical intermediates market as follows:
Global Pharmaceutical Intermediates Market: Product Type Segment Analysis
Global Pharmaceutical Intermediates Market: Application Segment Analysis
Global Pharmaceutical Intermediates Market: Distribution Channel Segment Analysis
Global Pharmaceutical Intermediates Market: Regional Analysis
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