Aurobindo Pharma has the highest Active Pharmaceutical Ingredients Market Share. Patent expiration of a drug leads to its generic version and the manufacturers bear the cost. This decreases the overall cost of the ingredient thereby increasing the number of users, which further increases the global market for the parts.
Patent expiries of the branded drugs, increased uptake of biologics, government initiatives for biomedical research are majorly driving the Active Pharmaceutical Ingredients Market. However, Unfavourable Drug Price Control Policies across Various Countries is holding back the growth of the market.
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