Rise of Second Wave Emerging Regions in the API Industry
For the past few years, API manufacturing has been concentrated in India and China. However, in the wake of rising production costs and stringent regulatory developments, other nations such as Taiwan, Mexico, Israel and Ukraine are gaining. Such regions, especially, Eastern Europe and Taiwan offer manufacturers with experience supplying regulated markets. With considerable growth in their sizes and level of expertise, companies are turning to these nations in search of API suppliers and strategic activities.
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