Report: API market in Asia/Pacific to reach $63.8 billion by 2017

The total revenue generated by the Asia/Pacific active pharmaceutical ingredient (API) market was $30.69 billion in 2011, and it is expected to grow at a compound annual growth rate of 5.6% to reach $63.8 billion by 2017, says a recent report by market research firm GBI Research. Increasing penetration in China and India coupled with low cost manufacturing will fuel regional growth and this growth will be supported by healthy demand from the biotech and generic API sectors, GBI Research says. Asia/Pacific is the second largest regional market for APIs by revenue...

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