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Aijaz Ahmed
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start-up idea api manufacturing unit The Active Pharmaceutical Ingredient (API) manufacturing market in India is experiencing significant growth, driven by factors such as increasing healthcare expenditure, a rising prevalence of chronic diseases, and the country's cost-competitive manufacturing capabilities. Market Size and Growth Projections: In 2024, the Indian API market was valued at approximately USD 16.86 billion. Projections indicate that by 2034, the market is expected to reach around USD 38.13 billion, growing at a Compound Annual Growth Rate (CAGR) of 8.50% from 2025 to 2034. Another analysis estimates the market to grow from USD 13.60 billion in 2024 to USD 21.99 billion by 2030, with a CAGR of 8.30%.
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