Pharmaceutical intermediates play a crucial role in the production of medicinal compounds and are integral to the pharmaceutical industry as a whole. Buyers of these intermediates are tasked with a vital job, as they influence not only the quality of the end products but also the efficiency and cost-effectiveness of the manufacturing processes. In this article, we will explore the role, responsibilities, and challenges faced by pharmaceutical intermediates buyers.
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The global API market has witnessed significant growth over the past decade, driven by the rising demand for pharmaceuticals and the increasing prevalence of chronic diseases. According to industry reports, the API market is expected to reach hundreds of billions of dollars in the coming years. This growth is fueled by an aging population, increased healthcare expenditure, and ongoing technological advancements in drug development.