Global Pharmaceutical Intermediates Market is Anticipated to Witness High Growth Owing to Rising Generic Drug Production

 
Global Pharmaceutical Intermediates Market

Pharmaceutical intermediates are organic compounds that are primarily used in the manufacturing and formulation of active pharmaceutical ingredients (APIs) used in drug development. They aid in synthesizing APIs in a cost-effective manner by acting as a connecting link in multi-stage chemical reactions. Some common types of pharmaceutical intermediates include aromatic chemicals, amino acids, pesticides, polymers, and dyes & pigments. There has been a rise in their demand over the years owing to the increasing generics drug production worldwide. The growing geriatric population suffering from chronic diseases is also fueling the need for affordable treatment options. 

The Global Pharmaceutical Intermediates Market is estimated to be valued at US$ 43.67 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Global Pharmaceutical Intermediates are Evonik, Borregaard AS, Sudarshan Pharma, A.R. Life Science, Actylis, Saurav Chemicals Ltd., Lianhetech, Midas Pharma GmbH, Sanofi , BASF SE, Chiracon GmbH, Lonza, Chemcon Speciality Chemicals Limited., Modepro India Pvt. Ltd., Lifechem Pharma, Sarex, LANXESS.

Key opportunities in the market include expanding contract manufacturing capabilities to meet rising API demand from generic drugmakers. Generics account for over 80% of all prescriptions filled in the US. There is an increased focus on developing cost-effective treatments.

Globally, the Global Pharmaceutical Intermediates Market Size is witnessing high growth in emerging regions owing to increasing investments by leading market players. Countries like India and China offer a skilled workforce and favorable business climate attracting foreign investments. This is expected to drive the global expansion of pharmaceutical intermediates industry over the forecast period.

Market Drivers: One of the key drivers of the global pharmaceutical intermediates market is the patent expiration of blockbuster drugs. As patents of popular drugs expire, generic versions become commercially viable, increasing generic drug production. This in turn boosts demand for pharmaceutical intermediates.

Market Restrain: Major restrain hampering the growth of global pharmaceutical intermediates market includes stringent regulations associated with approval processes and production of pharmaceutical intermediates. Regulatory authorities like US FDA imposes strict guidelines to ensure safety, efficacy and quality which increases costs and compliance requirements. This acts as a deterrent, particularly for small manufacturers.

Segment Analysis
The global pharmaceutical intermediates market can be segmented by synthesis type, application and drug. Based on synthesis type, the semi-synthetic intermediates segment dominated the market in 2024 as various pharmaceutical bulk drugs and formulations are derived from semi-synthetic routes. By application, analgesics/pain management dominated as these are widely used for various conditions including arthritis and injuries. Among drugs, ARV/AAA (antiretroviral/anti-infective agents) intermediates held majority share due to large global prevalence of HIV infections.

Global Analysis
Regionally, Asia Pacific was the fastest growing market for pharmaceutical intermediates during the forecast period. This can be attributed to presence of large pharmaceutical manufacturing capacities in big countries like India, China, Japan and South Korea. The bulk drugs and formulations manufacturing units in these countries require huge and continuous supply of intermediates. North America was the second largest regional market, dominated by the US which is one of the largest pharmaceutical markets globally. Strong R&D funding for new drug development drives demand for various intermediates from the region. Europe held significant share of the global market, with major countries being Germany, UK, France, Italy and Spain.

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