Global Active Pharmaceutical Ingredients Market - Regional Analysis
Among regions, North America is estimated to hold a dominant position in the global active pharmaceutical ingredients market over the forecast period. The North American market is witnessing a rise in the incidence of chronic diseases, and the government is taking initiatives to develop innovative drugs. The demand for biological API segment in North America is increasing due to the rapid adoption of biological drugs for treating various chronic disorders. For example, according to the Alzheimer’s Association, Alzheimer’s dementia affects approximately 6.2 million people aged 65 and older in the U.S., and it is estimated to increase to 12.7 million by 2050. The growth of this market in the North American region has been propelled by the increase in cases of such chronic disorders.
Active Pharmaceutical Ingredients Market Report Snapshots
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