The API market was valued at $221,293.2 Million in 2025, and is projected to reach $317,700.8 Million by 2032 growing at a CAGR of 5.35% from 2026 to 2032. Communicable diseases segment is expected to be the highest contributor to this market, with $32,686.0 Million in 2025, and is anticipated to reach $53,438.4 Million by 2032, registering a CAGR of 7.30%. Oncology segment is anticipated to reach $51,872.8 Million by 2032 with the highest CAGR of 8.51%. Communicable diseases and Oncology segments collectively expected to account for about 28.0% share of the API market in 2025, with the former constituting around 14.8% share. Oncology and Communicable diseases segments are expected to witness significant growth rates at a CAGR of 8.51% and 7.30% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 28.0% in the overall API market in 2025, and is anticipated to reach 33.1% by 2032.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook