In 2016 the global stock market revenue will reach $143 billion

Classification

According to PMR, a new research report, in 2015 the global market value of raw materials was $135 billion. 2016 is expected to grow by 6.4% over the same period last year, reaching $143 billion, North America is still the most profitable region, accounting for 35% of the share.

And lifestyle related diseases worldwide. The prevalence rate of increase and high raw material drug development will continue to positively affect the 2016 global API market. In addition, exacerbated by the global aging trend will also drive API demand growth. These factors are expected to support the growth of the market in 2016 and beyond.

According to the type of raw materials, the market is divided into two categories of chemical raw materials and biological drugs. Chemical raw materials in 2015 accounted for a higher share, while the biological raw materials are expected to be higher than the same period in 2016, a higher growth in 2015. In addition, most pharmaceutical companies prefer to pursue the market for biological drugs.

According to the drug category, the brand of raw materials in 2015 compared to non prescription drugs and generic prescription drugs accounted for a higher share. However, due to the low cost of manufacturing process, generic prescription drug business is expected in 2016 compared to the same period in 2015 there will be a higher growth.

In therapeutic areas, the market is divided into diseases such as metabolism, cardiovascular, cancer, nerve, musculoskeletal, non steroidal anti-inflammatory drugs, and other therapeutic uses. Cardiovascular drug market in 2015 accounted for the largest share of 24%, on the other hand, oncology drug market in 2016 is expected to be compared to the same period in 2015 the largest market growth.Asia Pacific is the world's second largest market for raw materials, and many factors such as the availability of low-cost production facilities in the region to become the world's leading manufacturing center. The region is home to more than 60% of the world's total population, and a high proportion of the elderly.In the long term, in the forecast period from 2015 to 2020, the global API market is expected to grow at a compound annual growth rate of 6.6% by the end of 2020 to reach $186 billion in revenue. And North America will remain the largest market, with a compound annual growth rate of 6.6% during the forecast period.