API Market is Expected to Reach a Value of CAGR of around 10% from 2022

India occupies a significant position in global API market. The Indian API industry has been garnering a lot of attention globally due to the good quality of APIs, which are being manufactured in the country. Recently, the Indian API industry has been witnessing a fabulous growth owing to a number of factors. Some of these factors are patent expiry of blockbuster drugs, increasing demand for low costing generics, and innovation of new generation of APIs. Apart from these, rise in geriatric population, increasing disposable income, rising healthcare expenditure, and increasing incidences of chronic diseases are the other reasons which are driving the growth of the Indian API industry.

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According to report on "Indian API Market Outlook 2022", the Indian API domestic consumption market is forecasted to grow at a CAGR of around 10% from FY 2016-FY 2022. This report provides the share of India in the global API market. Furthermore, it gives information about the current scenario of the Indian API market, and future forecasts related to it. RNCOS analysts have mentioned the major drivers of the market, and factors hindering growth of the market.

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The Indian API market has been segmented on the basis of various parameters, such as type of manufacturing, type of API, and type of therapeutic area. Moreover, the report highlights the mergers and acquisitions that have taken place in the Indian API market. The regulatory scenario governing the Indian API market along with the various government initiatives for the development of this industry have also been mentioned in the report. Furthermore, the report provides the details about major mergers and acquisitions occurred in the industry.

The last section of the report discusses about the key players in Indian API industry. A brief business overview and financial information about each of these players has been provided in the report. The recent development and strength-weakness analysis of every player has also been presented to assist the investors in developing an understanding of the strategies of major players. In the end, the areas of opportunities and recommendations for the growth of this industry have also been highlighted in the report. Overall, the research contains exhaustive information that will help clients in formulating market strategies and assessing opportunity areas in the Indian API market.

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