According to Renub Research's latest report, "Global Active Pharmaceutical Ingredients (API) Market, Size, forecast 2023-2027, Industry Trends, Share, Growth, Company Analysis," the Global API (Active Pharmaceutical Ingredients) Market will reach US$ 261.30 Billion by 2027. A biologically active ingredient in a pharmaceutical drug (tablet, capsule, cream, injectable) capable of producing the required effects on the body for treating a medical condition. APIs can create a more feasible healthcare system by introducing more innovative products. Oncology, cardiology, CNS and neurology, orthopedics, pulmonology, gastroenterology, nephrology, ophthalmology, and endocrinology are some diseases that use high-quality drugs where APIs find their application.
According to Renub Research, the Global API Industry will grow at a CAGR of 6.52% during the forecast period.
The growth in active pharmaceutical ingredients (API) can be credited to the advancements in manufacturing facilities and the incr
