The Active Pharmaceutical Ingredient (API) market is a key component of the pharmaceutical manufacturing industry. APIs are the active ingredients in drugs that are responsible for their therapeutic effects. They are produced through chemical synthesis, biotechnological processes, or extraction from natural sources. APIs are then formulated into finished dosage forms such as tablets, capsules, and injectables.
The API market is highly regulated, with stringent quality control measures in place to ensure the safety and efficacy of the drugs. The market is also highly competitive, with many companies vying for a share of the market. Companies in the API market are typically large, multinational corporations with extensive research and development capabilities.
Some of the major players in the API market include Pfizer, Merck, Novartis, Sanofi, and GlaxoSmithKline. Show Less Read more