Active Pharmaceutical Ingredients (API) Market in Asia-Pacific to 2016 - The Merchant Market for Generics Continues to Grow as the Competition Increases

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					        Active Pharmaceutical Ingredients (API) Market in Asia-
          Pacific to 2016 - The Merchant Market for Generics
           Continues to Grow as the Competition Increases
 Reference Code: GBICH0051MR                                                                                              Publication Date: July 2011


Asia-Pacific API market is            Active Pharmaceutical Ingredients (APIs), also known as bulk drug substances, are defined as any
expected to grow at a                 substance or mixture of substances intended to be used in the manufacture of a drug or any
CAGR of 9.6% in the                   medicinal product that, when used in the production of a drug, becomes an active ingredient of the
forecast period                       drug or medicinal product. This active substance is responsible for the therapeutic effect of the drug
                                      and the efficacy of a drug entirely depends upon the concentration and composition of the API.
                                      Asia-Pacific API Market is Set to Grow at a Faster Rate in the Forecast Period
                                      Asia-Pacific is the third largest regional market for APIs by revenue in the world after North America
                                      and Europe. The region is the fastest growing API market in the world. The Asia-Pacific API market
                                      grew consistently at a Compound Annual Growth Rate (CAGR) of 6.7% from 2005 to 2010. The
                                      year-on-year growth rate also increased continuously in this period. It is expected to witness an
                                      even higher growth rate in the forecast period. The Asia-Pacific API market’s revenues will grow at
                                      a CAGR of 9.6% from 2010 to 2016.

                                        API Market, Asia-Pacific, Revenues, $m, 2005-2016

                                                              40,000                     CAGR (2010-2016) - 9.6%

                                                              35,000


                                                              30,000
                                                                       CAGR (2005-2010) - 6.7%

                                                              25,000
                                              Revenue ( $m)




                                                              20,000


                                                              15,000


                                                              10,000


                                                               5,000


                                                                  0
                                                                          2005                        2010                             2016


                                        Source: GBI Research, Primary Interviews with API Manufacturing and Pharmaceutical Companies




Active Pharmaceutical Ingredients (API) Market in Asia-Pacific                                                      GBICH0051MR / Published JUL 2011
to 2016 - The Merchant Market for Generics Continues to Grow
as the Competition Increases                                                                                                                     Page 1
                                                                                  © GBI Research. This is a licensed product and is not to be photocopied
                                      The Generic Sector Dominates the Asia-Pacific API Market
Generic sector accounts               The generic sector is the dominating one in Asia-Pacific region. The generic APIs held a share of
for more than 71% share               71.5% in the region’s API revenue in 2010, while innovator APIs held a share of 28.5%. The share
in the region's API market            of innovator sector APIs is higher in Japan and lower in China and India.
revenues
                                        API Market, Asia-Pacific, Revenue Share Analysis by Product Type Based on Customer
                                        Base, %, 2010




                                                                 Generic
                                                                 71.5%
                                                                                                                         Innovator
                                                                                                                           28.5%




                                        Source: GBI Research, Primary Interviews with API Manufacturing and Pharmaceutical Companies




                                      Japan is the largest Market for APIs followed by China in Asia-Pacific Region
                                      Japan is the largest market for APIs in the Asia-Pacific region. Japan contributed 42.8% of the
Japan is the largest                  region’s total API market revenues. China is the second largest and the fastest growing API market
market for APIs in the                in Asia-Pacific. China currently holds a share of 20.8% in the region’s total API market revenues.
Asia-Pacific                          India is the third largest API market in the region accounting for a share of 10.3%. South Korea is
                                      another important API market in Asia-Pacific, accounting for a share of 8.1% in the region’s total
                                      API market revenues.

                                        API Market, Asia-Pacific, Revenue Share Analysis by Country, %, 2010

                                                                                            India
                                                                                           10.3%           South Korea
                                                                                                              8.1%

                                                                      China
                                                                      20.8%
                                                                                                                     Others
                                                                                                                      18%




                                                                                        Japan
                                                                                        42.8%


                                        Source: GBI Research, Primary Interviews with API manufacturing and pharmaceutical companies




Active Pharmaceutical Ingredients (API) Market in Asia-Pacific                                                       GBICH0051MR / Published JUL 2011
to 2016 - The Merchant Market for Generics Continues to Grow
as the Competition Increases                                                                                                                   Page 2
                                                                                © GBI Research. This is a licensed product and is not to be photocopied
                                      1         Table of Contents
                                      1 Table of Contents ........................................................................................................................ 3
                                        1.1    List of Tables..................................................................................................................... 6
                                        1.2    List of Figures ................................................................................................................... 7
                                      2 Introduction .................................................................................................................................. 8
                                        2.1    GBI Report Coverage ....................................................................................................... 8
                                      3 Asia-Pacific API Market ............................................................................................................... 9
                                        3.1    Asia-Pacific API Industry Structure ................................................................................... 9
                                        3.2    Asia-Pacific API Distribution Structure ............................................................................ 10
                                        3.3    Asia-Pacific API Industry Challenges .............................................................................. 10
                                           3.3.1    Growing Capacity May Prove out to be Surplus and become a Challenge to the
                                                    Producers ................................................................................................................ 10
                                           3.3.2    Price Fluctuations Affect the Revenue Growth of the Asia-Pacific API market ........ 10
                                           3.3.3    Rising Raw Material Costs in India and China Threaten the Profit Margins of API
                                                    Producers ................................................................................................................ 10
                                        3.4    Asia-Pacific API Market Overview................................................................................... 11
                                        3.5    Asia-Pacific API Market Trends ...................................................................................... 12
                                           3.5.1    API Manufacturing is Shifting from Western Countries to China and India .............. 12
                                           3.5.2    Indian Companies are Exporting to Japanese Market to Beat the Price Erosion in
                                                    the US ..................................................................................................................... 12
                                           3.5.3    Japanese Generic Market is Attracting Tie-Ups by Global Companies ................... 12
                                           3.5.4    The Focus on Biotech API Drugs in Asia-Pacific is Increasing ................................ 12
                                           3.5.5    Some Companies in India are Making a Move Towards HPAPIs ............................ 12
                                           3.5.6    Peptide APIs are Offering Growth Opportunities for the Region’s Market ............... 13
                                           3.5.7    Indian Producers are Becoming Keen on Expansion Through Acquisitions ............ 13
                                        3.6    Asia-Pacific API Market Revenue Analysis and Forecasts to 2015 ................................ 13
                                        3.7    Asia-Pacific API Market Revenue Share Analysis by Product Type and Forecasts to
                                               2016 ................................................................................................................................ 15
                                           3.7.1    Asia-Pacific API Market Revenue Share Analysis by Product Type Based on
                                                    Synthesis Route and Forecast to 2016 .................................................................... 16
                                           3.7.2    Asia-Pacific API Market Revenue Share Analysis by Product Type Based on
                                                    Customer Base and Forecast to 2016 ..................................................................... 19
                                        3.8    Asia-Pacific API Market Revenue Share Analysis by Country and Forecasts to 2016 .... 22
                                        3.9    Asia-Pacific API Market Competitive Landscape ............................................................ 23
                                        3.10 Force Field Analysis on Transition Toward Biotech API ................................................. 24
                                           3.10.1 Push Forces ............................................................................................................ 25
                                           3.10.2 Pull Forces............................................................................................................... 26
                                           3.10.3 Conclusion ............................................................................................................... 26
                                      4 Japan API Market ...................................................................................................................... 27
                                        4.1    Japan API Market Overview............................................................................................ 27
                                        4.2    Japan API Market Drivers ............................................................................................... 28
                                           4.2.1    Increased Focus on Generic Sector Drugs will Help the Growth of the Overall API
                                                    Market in Japan ....................................................................................................... 28
                                           4.2.2    Government Support for Generic Drugs Boosts the Country’s API Market ............. 28
                                           4.2.3    Growth in the Ageing Population Drives the Growth of the API Market in Japan .... 28
                                        4.3    Japan API Market Restraints .......................................................................................... 28
                                           4.3.1    Mature Pharmaceutical Market Allows Less Scope for Growth to the API Market in
                                                    the Country .............................................................................................................. 28
                                           4.3.2    Lesser Focus on Innovative Drugs to Reduce Healthcare Expenses May Hamper
                                                    the Growth of the Japanese API market .................................................................. 28
                                        4.4    Japan API Market Revenue Analysis and Forecasts to 2015 ......................................... 29
                                        4.5    Japan API Market Revenue Share Analysis by Product Type and Forecasts to 2015 .... 31
                                           4.5.1    Japan API Market Revenue Share Analysis by Product Type Based on Synthesis
                                                    Route and Forecasts to 2015 .................................................................................. 31



Active Pharmaceutical Ingredients (API) Market in Asia-Pacific                                                                         GBICH0051MR / Published JUL 2011
to 2016 - The Merchant Market for Generics Continues to Grow
as the Competition Increases                                                                                                                                                   Page 3
                                                                                         © GBI Research. This is a licensed product and is not to be photocopied
                                              4.5.2 Japan API Market Revenue Share Analysis by Product Type Based on Customer
                                                    Base and Forecasts to 2015 .................................................................................... 34
                                        4.6    Japan API Market Revenue Share Analysis by Therapeutic Category ........................... 37
                                        4.7    Japan API Market SWOT Analysis ................................................................................. 39
                                           4.7.1    Strengths ................................................................................................................. 39
                                           4.7.2    Weaknesses ............................................................................................................ 40
                                           4.7.3    Opportunities ........................................................................................................... 40
                                           4.7.4    Threats .................................................................................................................... 41
                                      5 China API Market ...................................................................................................................... 42
                                        5.1    China API Market Overview ............................................................................................ 42
                                        5.2    China API Market Drivers................................................................................................ 43
                                           5.2.1    Rapidly Growing Economy Supports the Growth of the API Market ........................ 43
                                           5.2.2    Growth in the Generics Drug Sector Spurs the Growth in Demand for APIs ........... 43
                                           5.2.3    Government’s Plan to Develop Multi-level Insurance System Set to Boost the
                                                    Growth of the API Market in China .......................................................................... 43
                                           5.2.4    Development in Biotech Drugs Improves the Growth of Biotech APIs ..................... 43
                                        5.3    China API Market Restraints ........................................................................................... 43
                                           5.3.1    Price Erosion Reduces the Revenue Growth of the API Market in China ................ 43
                                           5.3.2    The Global Economic Downturn in the Last Few Years has Impacted the Demand in
                                                    the Chinese API Market ........................................................................................... 43
                                        5.4    China API Market Revenue Analysis and Forecasts to 2015 .......................................... 44
                                        5.5    China API Market Revenue Share Analysis by Product Type and Forecasts to 2015 .... 46
                                           5.5.1    China API Market Revenue Share Analysis by Product Type Based on Synthesis
                                                    Route and Forecasts to 2015 .................................................................................. 46
                                           5.5.2    China API Market Revenue Share Analysis by Product Type Based on Customer
                                                    Base and Forecasts to 2015 .................................................................................... 49
                                        5.6    China API Market Revenue Share Analysis by Therapeutic Category ............................ 52
                                        5.7    China API Import and Export Analysis ............................................................................ 54
                                        5.8    China API Market SWOT Analysis .................................................................................. 58
                                           5.8.1    Strengths ................................................................................................................. 58
                                           5.8.2    Weaknesses ............................................................................................................ 59
                                           5.8.3    Opportunities ........................................................................................................... 59
                                           5.8.4    Threats .................................................................................................................... 59
                                      6 India API Market ........................................................................................................................ 60
                                        6.1    India API Market Overview.............................................................................................. 60
                                        6.2    India API Market Drivers ................................................................................................. 60
                                           6.2.1    Population Growth and Change in Demographics Set to Boost the Growth of API
                                                    Market ..................................................................................................................... 60
                                           6.2.2    Increasing Demand in Rural Areas and Tier II Cities Boost the Growth of API Market
                                                    in India ..................................................................................................................... 60
                                           6.2.3    Increasing Spending Capacity on Healthcare Facilities ........................................... 61
                                        6.3    India API Market Restraints ............................................................................................ 61
                                           6.3.1    Price Erosion Leads to Reduced Growth in the Overall API Market ........................ 61
                                           6.3.2    Economic Recession Leads to Reduced Consumption of API ................................ 61
                                        6.4    India API Market Revenue Analysis and Forecasts to 2015 ........................................... 61
                                        6.5    India API Market Revenue Share Analysis by Product Type and Forecasts to 2015 ...... 63
                                           6.5.1    India API Market Revenue Share Analysis by Product Type Based on Synthesis
                                                    Route and Forecasts to 2015 .................................................................................. 63
                                           6.5.2    India API Market Revenue Share Analysis by Product Type Based on Customer
                                                    Base and Forecasts to 2015 .................................................................................... 66
                                        6.6    India API Market Revenue Share Analysis by Therapeutic Category ............................. 69
                                        6.7    India API Market SWOT Analysis ................................................................................... 71
                                           6.7.1    Strengths ................................................................................................................. 71
                                           6.7.2    Weaknesses ............................................................................................................ 72
                                           6.7.3    Opportunities ........................................................................................................... 72
                                           6.7.4    Threats .................................................................................................................... 72

Active Pharmaceutical Ingredients (API) Market in Asia-Pacific                                                                      GBICH0051MR / Published JUL 2011
to 2016 - The Merchant Market for Generics Continues to Grow
as the Competition Increases                                                                                                                                               Page 4
                                                                                        © GBI Research. This is a licensed product and is not to be photocopied
                                      7 South Korea API Market ............................................................................................................ 73
                                        7.1    South Korea API Market Overview ................................................................................. 73
                                        7.2    South Korea API Market Drivers ..................................................................................... 73
                                           7.2.1    Continued Growth in Generics Will Help the API Market Growth in South Korea .... 73
                                           7.2.2    Increasing Focus on the Innovator Sector Will Drive the API Market ...................... 73
                                           7.2.3    Support from the Government Will Help Growth in Innovator and Biotech Sector ... 73
                                        7.3    South Korea API Market Restraints ................................................................................ 73
                                           7.3.1    Delay in Drug Development Process ....................................................................... 73
                                        7.4    South Korea API Market Revenue Analysis and Forecasts to 2015 ............................... 74
                                        7.5    South Korea API Market Revenue Share Analysis by Product Type and Forecasts to
                                               2015 ................................................................................................................................ 76
                                           7.5.1    South Korea API Market Revenue Share Analysis by Product Type Based on
                                                    Synthesis Route and Forecasts to 2015 .................................................................. 76
                                           7.5.2    South Korea API Market Revenue Share Analysis by Product Type Based on
                                                    Customer Base and Forecasts to 2015 ................................................................... 79
                                        7.6    South Korea API Market Revenue Share Analysis by Therapeutic Category ................. 82
                                        7.7    South Korea API Market SWOT Analysis ....................................................................... 84
                                           7.7.1    Strengths ................................................................................................................. 84
                                           7.7.2    Weaknesses ............................................................................................................ 84
                                           7.7.3    Opportunities ........................................................................................................... 85
                                           7.7.4    Threats .................................................................................................................... 85
                                      8 Appendix ................................................................................................................................... 86
                                        8.1    Abbreviations .................................................................................................................. 86
                                        8.2    Market Definitions ........................................................................................................... 86
                                        8.3    Methodology ................................................................................................................... 86
                                           8.3.1    Coverage ................................................................................................................. 86
                                           8.3.2    Secondary Research ............................................................................................... 87
                                           8.3.3    Primary Research .................................................................................................... 87
                                           8.3.4    Expert Panel Validation ........................................................................................... 87
                                        8.4    Contact Us ...................................................................................................................... 87
                                        8.5    Disclaimer ....................................................................................................................... 88




Active Pharmaceutical Ingredients (API) Market in Asia-Pacific                                                                       GBICH0051MR / Published JUL 2011
to 2016 - The Merchant Market for Generics Continues to Grow
as the Competition Increases                                                                                                                                                 Page 5
           
				
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Description: Active Pharmaceutical Ingredients (API) Market in Asia-Pacific to 2016 - The Merchant Market for Generics Continues to Grow as the Competition Increases Summary GBI Research’s report, “Active Pharmaceutical Ingredients (API) Market in Asia-Pacific to 2016 - The Merchant Market for Generics Continues to Grow as the Competition Increases” provides detailed insight into the Asia-Pacific API market. The research presents detailed analysis and forecasts of the major economic and market trends affecting the API markets in this region. The report contains market forecasts, product type analysis, drivers and restraints, and competitive landscape of major producers in the region. In addition, it includes market forecasts, product type analysis, therapeutic categories analysis and SWOT analysis of the API markets in the major countries of the region. Overall, the report presents a comprehensive analysis of the Asia-Pacific API market, covering all the major parameters. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. Asia-Pacific is the third largest regional market for APIs by revenue in the world after North America and Europe. The region is the fastest growing API market in the world. The Asia-Pacific API market grew consistently at a CAGR of 6.7% from 2005 to 2010. The year-on-year growth rate also increased continuously in this period. It is expected to witness an even higher growth rate in the forecast period. The Asia-Pacific API market revenues will grow at a CAGR of 9.6% from 2010 to 2016. Scope - Market revenue data for APIs from 2005 to 2010 and forecast for six years to 2016. - API markets in key countries in the region: Japan, China, India and Sourh Korea. - API industry structure and market trends such as a shift in manufacturing and growth in biotechnology for the Asia-Pacific region. - Drivers of the API market, s
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