Sterile Active Pharmaceutical Ingredients Market to Exhibit 6.7% CAGR through 2029, India and China Emerging as Leading Suppliers, Projects Fact.MR
Introduction of new drugs for rare indications, rising prevalence of chronic diseases, and growing ageing population have increased the consumption of pharmaceuticals, which has boosted the pharmaceutical expenditure, globally. According to OECD, Global spending on pharmaceuticals was US$ 1,120.6 Bn in 2015 and is expected to increase at a CAGR of 7.1% during 2016 – 2030. Various pharmaceutical and biotechnology companies are focusing on expanding their geographical footprint to increase pharmaceutical production capacity. For instance, in January 2019, Fujifilm announced…