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MarketsandMarkets: API Market is Expected to Reach $159.08 Billion by 2016
Date:12/6/2011

ase to 29% by the year 2016. Moreover, Asia accounts for 26% market share as of the year 2011 and is expected to grow to 34% by the year 2016.

The HPAPI market is driving the API market growth globally at a fast rate. As these compounds are extremely effective in the treatment of cancers, respiratory disorders, and hormonal imbalances, the HPAPIs market is mostly driven by the growth in the oncology therapeutics market worldwide. The global HPAPI market is valued at $8,900 million in 2011; and is expected to grow at a CAGR of 8.3% from 2011 to 2016.

The major players in the market include Teva Pharmaceuticals Ltd (Israel), Sandoz (Switzerland) (Generic Subsidiary of Novartis), Lonza Group AG (Switzerland), DSM (The Netherlands), Dr. Reddy's Lab Ltd (India), and Boehringer Ingelheim GmbH (Germany).

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