Sarasota, FL -- (SBWire) -- 02/13/2019 --Pharmaceutical intermediates are chemical compounds which form the building blocks of the active pharmaceutical ingredient (API). Pharmaceutical intermediates are produced as a by-product during the production of API. Every reaction in the production process of API gives rise to various different pharmaceutical intermediates. Pharmaceutical intermediates are used in the production of bulk drugs and also for research and development purpose by various pharma and biopharma companies.
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One of the factors driving the growth of the pharmaceutical intermediate market over the forecast period is the increased burden of various diseases such as infectious diseases, chronic diseases, and others. This is expected to cause a surge in the demand for pharmaceutical intermediates over the forecast period. As per the Centers for Disease Control and Prevention 2017 report, there were around 16.8 million physician visits for infectious and parasitic diseases. Various research and development activities carried by pharmaceutical companies will further support the growth of pharmaceutical intermediates market and help companies to expand their therapeutic area segment, which, in turn, will promote the growth of the pharmaceutical intermediate market. Furthermore, patent expiry is also a major factor supporting the growth of the pharmaceutical intermediate market. Moreover, high spending on research and development activities and constant demand for new and innovative therapies are expected to promote the growth of pharmaceutical intermediates market over the forecast period. However, stringent regulatory policies are expected to slow down the growth of the pharmaceutical intermediate market in the coming years
Pharmaceutical intermediates are classified on the basis of product type, application, and distribution channel. On the basis of product type, pharmaceutical intermediates market is segmented into GMP and non GMP. On the basis of application, pharmaceutical intermediates market is segmented into antibiotics, antipyretic analgesics, vitamins, and others. On the basis of the distribution channel, pharmaceutical intermediates are segmented into direct sales and distributors.
Key regions of pharmaceutical intermediates market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to dominate the pharmaceutical intermediate market over the forecast period due to the presence of developed countries such as the U.S. and Canada. Furthermore, the presence of various market players in the region coupled with the development of new products is projected to boost the market growth in this region. Europe is expected to be the second largest growing region after North America. The Asia Pacific is expected to be the third largest and fastest growing region over the forecast period due to the presence of developing economies such as China and India. Also, a rise in the number of diseases has led to an increase in the demand for pharmaceutical intermediates in the Asia Pacific region. Latin America and the Middle East & Africa markets are expected to grow moderately, owing to the increased prevalence of diseases.
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Some of the major market players of the pharmaceutical intermediates market include A.R. Life Sciences Private Limited, Vertellus Holdings LLC, Lianhetech, Dishman Group, Midas Pharma GmbH, Codexis, Inc., Chemcon Specialty Chemicals Pvt. Ltd, Aceto Corporation, Cycle Pharma, Dextra Laboratories Ltd., BASF SE, Sanofi Winthrop Industrie S.A., ZCL Chemicals Ltd., and Easter Chemical Corporation, among others.
This report segments the global pharmaceutical intermediates market as follows:
Global Pharmaceutical Intermediates Market: Product Type Segment Analysis
GMP
Non GMP
Global Pharmaceutical Intermediates Market: Application Segment Analysis
Antibiotics.
Antipyretic analgesics
Vitamins
Other
Global Pharmaceutical Intermediates Market: Distribution Channel Segment Analysis
Direct Sales
Distributor
Global Pharmaceutical Intermediates Market: Regional Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Pharmaceutical Intermediates Market Set for Rapid Growth, to Reach Around USD 33,608 Million by 2024
According to the report, global pharmaceutical intermediates market was valued at approximately USD 25,440 million in 2017 and is expected to generate revenue of around USD 33,608 million by end of 2024, growing at a CAGR of around 4.0% between 2018 and 2024.