Middle East & Africa Active Pharmaceutical Ingredient Market to show Impressive Growth During the Forecast Period
Advancing medical sector drives the Middle East &
Africa Active Pharmaceutical Ingredient Market growth in the forecast period,
2022-2026F.
According to TechSci Research report, “Middle
East & Africa Active Pharmaceutical Ingredient Market By Method of Synthesis
(Biological v/s Synthetic) By Source (Contact Manufacturing Organizations v/s
In-House Manufacturing) By Therapeutic Application (Cardiovascular Diseases,
Anti-diabetic Drugs, Oncology Drugs, Neurological Disorders, Musculoskeletal
Disorders, Others) By Molecule Type (Small v/s Large) By Potency (Low v/s High)
By Drug Type (Innovator v/s Generics) By Country, Competition Forecast &
Opportunities, 2026”, the Middle East
& Africa active pharmaceutical ingredient market is projected to grow on
the backbone of recent advances in thew healthcare sector focused on medicine.
The Middle East & Africa active pharmaceutical ingredient market is
expected to show an impressive CAGR rate in the forecast period, 2022-2026. Any substance or
combination of substances used in a finished pharmaceutical product (FPP),
intended to furnish pharmacological activity or to otherwise have direct effect
in the diagnosis, cure, mitigation, treatment, or prevention of disease, or to
have direct effect in restoring, correcting, or modifying physiological
functions in human beings is the textbook definition of active pharmaceutical
ingredient (API). Rising demand for the effective and efficient pharmaceutical
products is driving the growth of the market in the upcoming five years. The
market is anticipated to grow in future on the backbone of rapidly increasing
number of market players who are involved with the self-development of the
drugs, along with the faster and convenient approval for the same from the food
and drug administration, FDA.
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The Middle East & Africa active pharmaceutical
ingredient market is segmented by method of synthesis, source, therapeutic
application, molecule type, potency, drug type, competitional landscape, and
country distribution. Based on method of synthesis, the market is further
bifurcated into biological and synthetic. Synthetic method of synthesizing the
active pharmaceutical ingredient is anticipated to hold the largest revenue
shares of the market and dominate the segment in the upcoming five years on the
account of rapidly increasing research and development of the drugs and other
pharmaceutical products. The artificial method of synthesizing the drugs
involves extended research such that the effective treatment options are
available for the patients. Moreover, rapidly increasing evolved diseases like
COVID-19, Swine flu, H1N1 viral fever, etc. are also enunciating the demand for
synthetic drugs to flood and market and thereby aid the growth of the Middle
East & Africa active pharmaceutical ingredient market in the next five
years.
Based on source, the market is divided between
contact manufacturing organizations and in-house manufacturing. In-house
manufacturing is anticipated to hold the larger revenue shares of the market
and assert its dominance over the market on the account of easier availability
of raw material in the manufacturing units as well as their compatibility with
the drug production. Market players have actively taken initiatives for the
in-house manufacturing and thereby supporting the growth of the market in the
next five years. Although, contact manufacturing is expected to register the
fastest growing CAGR in the upcoming years, since the countries like UAE, South
Africa are actively involved in the contract based production of API.
Holding largest shares of market revenue, market
players like Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries
Ltd., Pfizer Inc., Dr. Reddy's
Laboratories Ltd., Cipla Inc., Neopharma LLC, CAD Middle East Pharmaceutical
Industries LLC, KMK Chemicals FZ LLC, Approcare Middle East, AstraZeneca Plc.,
AbbVie Inc., Ketlaphela Pharmaceutical SOC Ltd, Afriplex (Pty) Ltd, Temad Co.,
Sanofi S.A., among others are actively involved with the research and
development process of the active pharmaceutical ingredients in the region.
Countries like Saudi Arabia, UAE, South Africa, have dedicated research labs
for the advanced products development and consistent product modifications.
Recent trend of efficient and effective pharmaceutical demands has enticed the
market players to explore the area and come up with advanced products that
would satisfy the emerging consumer demands.
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“The Kingdom of Saudi
Arabia is anticipated to hold the largest revenue shares of the market on the
account of rapidly improving healthcare industry in the country. In the
upcoming five years, the country is expected to be able to overcome its
dependency in the neighboring countries for the drug dependency. New market
players would gain from the legitimate collaborations with the authoritative
bodies. It is advisable to focus on the extensive research and development of higher
potency drugs that can overcome the countries dependencies on the neighboring
countries. South Africa is a budding market for the active pharmaceutical
ingredient in the future five years, the availability of the raw material and
cheaper labor would help new market players in their market establishment,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based Middle East & Africa management consulting firm.
“Middle East & Africa
Active Pharmaceutical Ingredient Market By Method of Synthesis (Biological v/s
Synthetic) By Source (Contact Manufacturing Organizations v/s In-House
Manufacturing) By Therapeutic Application (Cardiovascular Diseases,
Anti-diabetic Drugs, Oncology Drugs, Neurological Disorders, Musculoskeletal
Disorders, Others) By Molecule Type (Small v/s Large) By Potency (Low v/s High)
By Drug Type (Innovator v/s Generics) By Country, Competition Forecast &
Opportunities, 2026”,
has evaluated the future growth potential of Middle East & Africa Active
pharmaceutical ingredient and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Middle East
& Africa Active pharmaceutical ingredient.
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