Wearable technology is set to emerge as one of the potential solutions to ensure medical assistance services for all. Common applications include managing multiple health conditions through wearable devices, preventive care in intensive care and elderly patients, and providing quality remote care to various patients in remote areas or nursing homes. . It would be the conduct of Animal Health Active Pharmaceutical Ingredients Market in the forecast period.
The Global Market for Active Pharmaceutical Ingredients (APIs) for Animal Health is expected to record impressive expansion at 7.3% CAGR during the forecast period 2017 to 2025, according to a recent study by Persistence Market Research (PMR). The PMR study estimates that the market will grow on the basis of revenue worth $5,216.1 million in 2017 to reach US$9,162.2 million by 2025-end.
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- Glenmark Pharmaceutical Ltd.
- Zoetis Inc.
- Eli Lilly & Co.
- Sanofi Winthrop Industry (CEPiA)
- Indukern, SA
- Ofichem B.V.
- P&R SpA (Olon SpA)
- Lonza Group AG
- fine gold animal health
- Blanver Farmoquimica E Farmaceutica SA
- Zhejiang Hisun Pharmaceutical Co.Ltd
- Changzhou Yabang-Qh Pharmachem Co., Ltd.
- Shanghai Pharmtech Co.Ltd.
- Ningxia Tairui Pharma CO. ltd.
- Shaanxi Hanjiang Pharmaceutical Group Co., Ltd.
- Sequent Scientific Ltd.
- NGL Fine Chem Ltd.
- Omkar Specialty Chemicals Limited
- Excel Industries Ltd.
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Limited insurance or government intervention ensure smooth flow towards market growth in APAC
The Asia-Pacific (APAC) region is expected to be the most lucrative in the global Active Pharmaceutical Ingredients (APIs) market for animal health, with sales showing the second highest CAGR through 2025. APAC remained the one of the largest API providers, at affordable costs. The robust growth of the APAC API market can be attributed to the growing demand for animal health products and growing awareness of animal health and nutrition in the region.
APAC governments have made investments and focused on local API manufacturing facilities. The favorable policies offered by these governments have shifted the focus of API manufacturers by shifting their production bases to APAC countries, such as India and China.
Also, limited insurance or government intervention ensures smooth flow towards market growth in these regions.
API manufacturers in the APAC region are increasingly scrutinized for the quality of their products. Although animal health API products manufactured in these countries do not meet regulatory standards, this has not always been the case. In recent years, Western regulators have become much stricter in their inspection of APIs produced in regions like China and India. This is due to concerns about the quality of these products, which have not always met international standards.
Manufacturers also face challenges in bridging the gap between API cost and quality. These factors will inhibit the market growth in APAC.
Europe will remain the second largest market for animal health APIs
Europe will continue to be the second largest market for animal health active pharmaceutical ingredients (APIs), with leading health companies located in the region. This in turn has reinforced the requirement for veterinary APIs in Europe. The consumption of veterinary drugs in Europe has increased significantly in recent years, with Spain being the largest consumer of veterinary antimicrobial APIs in the EU.
Also, the increasing improvements in animal productivity have spurred the growth of the animal health industry in this region. These implications are expected to increase the growth of the animal health API market in Europe.
However, the pharmaceutical industry in Europe has become concerned about the potential short-term impacts of the REACH regulation. This will likely lead to a decrease in the supply of materials, or reagents, that are not pre-registered by EU suppliers.
In addition, dynamic changes in Europe’s macroeconomic environment, such as Brexit, have impacted intra-European trade and the pharmaceutical sector as a whole. These factors could restrain the growth of the Animal Health API market in Europe.
Pesticides will remain the largest APIs adopted in the market
The Antiparasitic Market is expected to grow at a CAGR of 10.5% over the forecast period to reach a value of USD XX Million by 2025. The Antiinfective Market is expected to grow at a CAGR of 9.8% during the forecast period and will account for the second largest share of the overall API market by 2025. Pesticides sales are expected to register the fastest expansion, to account for the largest revenue by the end of 2025. On the other hand, revenues from sales of anesthetics and NSAIDs will remain relatively lower than those of antiparasitics and anti-infectives.
Regional Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina etc.)
Middle East and Africa (Saudi Arabia, South Africa, etc.)
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Answers to key questions in this report.
- What will be the growth rate of the market in the future?
- What are the key factors driving the global market?
- Who are the major manufacturers in the Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by industry regions?
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