Pharmaceutical Intermediates Market Report Analysis
Pharmaceutical intermediates are the chemical compounds that are the building blocks used in the production of active pharmaceutical ingredients. Pharmaceutical intermediates are produced during the process of manufacturing or synthesis of active pharmaceutical ingredients. These pharmaceutical intermediates further undergo molecular changes and processing before becoming an active pharmaceutical ingredient.
Pharmaceutical intermediates market is very dynamic market. Pharmaceutical industry is one of the fastest growing industry and since, the pharmaceutical intermediates are building blocks of APIs so with the growth of industry, pharmaceutical intermediates market is also expected to grow. Over the past few years there has been a major shift towards the research and with the growth in the research industry, pharmaceutical intermediate market is also expected to show a significant growth. Greater production of active pharmaceutical ingredients are expected to enhance the demand of pharmaceutical intermediates. Prevalence of life style disease is increasing and along with that geriatric population is also increasing that is vulnerable to disease. With the increase in prevalence of disease, requirement of drug will increase along with increasing the market of pharmaceutical intermediates. Patent expiration is also one of the key factor driving the overall growth of the generics drug market. Thus, increasing generic drug is expected to fuel the production of active pharmaceutical ingredients which in turn is expected to fuel the growth of pharmaceutical intermediates market. Pharmaceutical intermediates market is dominated by pharmaceutical companies and is expected to continue to be dominated by pharmaceutical companies over the forecast period. Increase in the research in the pharmaceutical industry is expected to drive the growth for the research labs.