According to the latest report from GBI Research, the global average API growth rate for the global API market will reach 5.9% between 2010 and 2015. By 2015, the market's sales revenue will reach US$126.3 billion. The report pointed out that the main driving force for the rapid growth of the global API market in the coming years will come from strong growth in the demand for generic drugs and biopharmaceuticals, while the global economy will also push the API market to grow.
The report pointed out that North America and Europe currently account for more than 60% of the global API market, while the Asia Pacific region is the fastest growing market in the world. In the next few years, China, India and Brazil will lead the global API market demand growth. Synthetic APIs will continue to dominate the global API market, and the growth rate of biotechnology APIs will accelerate.
The report pointed out that North America and Europe currently account for more than 60% of the global API market, while the Asia Pacific region is the fastest growing market in the world. In the next few years, China, India and Brazil will lead the global API market demand growth. Synthetic APIs will continue to dominate the global API market, and the growth rate of biotechnology APIs will accelerate.
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