The Future of Pharmaceutical Intermediate Manufacturing
Manufacturing a pharmaceutical intermediate requires global coordination. Organizations from all over the world must work together to supply both starting materials and advanced API intermediates. The process requires flexibility and agility, especially when changes in priority, disruptions or raw materials are involved. Here are some of the key considerations to consider. To understand the future of pharmaceutical manufacturing, consider these considerations. The global pharmaceutical industry will continue to expand in coming years. Here are a few of the major factors that are expected to drive the market for pharmaceutical intermediates:
The growth of the global pharmaceutical intermediate market is expected to increase over the coming years, with rising prevalence of chronic diseases and an aging population driving demand for pharmaceutical products. However, some major factors are inhibiting the market's growth. Strong competition and COVID-19 pandemic are major hindrances. The pharmaceutical industry must be proactive in addressing these challenges if it is to thrive. In the coming years, however, the demand for pharmaceutical intermediates is expected to grow at a rapid pace.
The demand for pharmaceutical intermediates is expected to remain strong for the foreseeable future, as the demand for essential medicines will continue to grow. Additionally, the increasing prevalence of contagious diseases will fuel the demand for pharmaceutical intermediates into the future. In addition to their wide-ranging use in pharmaceutical production, pharmaceutical intermediates are also increasingly used in research. By developing more effective methods to improve the quality and safety of drugs, pharmaceutical companies will find it more cost-effective to produce new drugs using existing intermediates.
While pharmaceutical companies traditionally produced APIs in their countries, many have moved manufacturing to overseas countries in order to cut costs. The majority of pharmaceutical intermediates are now produced overseas, mainly in Asia. China and India are among the biggest producers of APIs. The costs of producing pharmaceuticals in these markets are fifty to sixty percent lower than in developed countries. Meanwhile, the quality and regulatory compliance of pharmaceutical intermediates are higher in these countries. A supplier with the right combination of these factors is crucial for a pharmaceutical company's success.
Leading pharmaceutical intermediate manufacturers are Cambrex Corporation, BASF SE, Aceto Corporation, Interchem, and Arkema Inc. Among the leading players in the pharmaceutical intermediates market, some of which have strategically positioned themselves to become top manufacturers of APIs. Companies like Dishman Group, Aceto Corporation, Vertellus Holdings LLC, Cycle Pharma, and Teva Pharmaceuticals have played a crucial role in driving the industry forward.
The growth of the pharmaceutical intermediates market is largely driven by an increasing number of patients and diseases. The number of physician visits has rapidly increased to millions of people worldwide, creating a demand for pharmaceutical products. However, strict regulatory policies are expected to slow the growth rate. Overall, the global pharmaceutical intermediates market is expected to grow at a 4.0% CAGR during the forecast period (2019-2024).