India Active Pharmaceutical Ingredients Market to Grow at a CAGR of 12.24% During the Forecast Period
Increasing incidence of chronic diseases is expected to drive the growth of India Active Pharmaceutical Ingredients market during the forecast period. According to TechSci Research report, “ India Active Pharmaceutical Ingredients Market By Method of Synthesis (Synthetic v/s Biological), By Source (Contact Manufacturing Organizations v/s In-house Manufacturing), By Therapeutic Application (Cardiovascular Diseases, Anti-diabetic Drugs, Oncology Drugs, Neurological Disorders, Musculoskeletal Disorders, Others), By Drug Type (Generics v/s Innovator), By Region, Competition Forecast & Opportunities, FY2027F ” , India active pharmaceutical Ingredients market stood at USD11806.93 million in FY2021 and is expected to grow at a formidable rate of 12.24% during the forecast period owing to improvement in healthcare infrastructure coupled with continuous advancements in active pharmaceutical ingredients (API) manufacturing. However, there are some challenges that hinder the growth of a