Report: $113B last year spent on active pharmaceutical ingredients

03/14/2013 | In-PharmaTechnologist.com

The global market for active pharmaceutical ingredients grew from $91 billion in 2008 to $113 billion in 2012, according to the Italian Chemical Pharmaceutical Association. The market grew at an average annual rate of 5.6% compared with a 7.2% average in the previous four years. The slower growth rate was attributed to several factors, including price controls, patent expirations, competition and rising research costs.

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