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. Prescription drugs segment is expected to be the highest contributor to this market, with $195,911.2 Million in 2025, and is anticipated to reach $279,073.5 Million by 2032, registering a CAGR of 5.23%. Over-the-counter drugs segment is anticipated to reach $38,627.3 Million by 2032 with the highest CAGR of 6.22%. Over-the-counter drugs and Prescription drugs segments are expected to witness significant growth rates at a CAGR of 6.22% and 5.23% respectively, during the forecast period.
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