A $237 Billion Industry: What’s Driving Growth in the API Market?
The Active Pharmaceutical Ingredient market is a significant contributor to the global pharmaceutical landscape. According to a report by Ken Research, the global API market size reached a substantial $216.5 billion in 2024 and is projected to reach a colossal $306.9 billion by 2029, boasting a healthy CAGR (Compound Annual Growth Rate) of 7.22%.
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