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API manufacturing market is expected to reach $250.7 billion in 2026 at a CAGR of 6.4%
February 11, 2022
By: Kristin Brooks
Managing Editor, Contract Pharma
According to ‘Pharmaceutical API Manufacturing Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ by The Business Research Company, the pharmaceutical API manufacturing market size is expected to grow from $179.1 billion in 2021 to $195.3 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%.1 Growth in the market is mainly attributed to companies resuming operations following the impacts of COVID-19. According to TBRC’s pharmaceutical API manufacturing market research the market is expected to reach $250.7 billion in 2026 at a CAGR of 6.4%, driven by an aging population.1 Active Pharmaceutical Ingredient (API) is any substance or mixture of substances intended to be used in the manufacture of a drug product and that becomes an active ingredient of the drug. APIs are intended to cause pharmacological activity or other direct effect in the diagnosis, cure, mitigation, treatment or prevention of disease or to affect the structure and function of the body.
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