Celecoxib API Market Size, By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), By Statistics, Trends, Outlook and Forecast 2026 to 2033 (Financial Impact Analysis)

Celecoxib API Market Size

The Celecoxib API Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.8% between 2026 and 2033. The market is estimated at USD 850 Million in 2026 and is projected to reach USD 1.25 Billion by the end of the forecast period in 2033.

Celecoxib API Market introduction

The Celecoxib API market encompasses the production and supply of the active pharmaceutical ingredient celecoxib, a highly selective cyclooxygenase-2 (COX-2) inhibitor, which forms the core component of numerous prescription medications globally. Celecoxib is primarily prescribed for the effective management of pain and inflammation associated with a spectrum of chronic conditions, including osteoarthritis, rheumatoid arthritis, ankylosing spondylitis, and acute pain states. Its mechanism of action selectively targets the COX-2 enzyme, responsible for prostaglandin synthesis in inflammatory sites, while largely sparing COX-1, which plays a protective role in the gastrointestinal lining. This selectivity translates into a significant advantage, offering reduced gastrointestinal side effects compared to traditional non-selective non-steroidal anti-inflammatory drugs (NSAIDs), thereby enhancing patient safety and compliance, particularly in long-term therapeutic regimens.

The market's robust growth trajectory is underpinned by several compelling factors. Firstly, there is a continuously escalating global incidence of chronic inflammatory diseases, driven by an aging population and lifestyle changes, which necessitates ongoing demand for potent and safer anti-inflammatory agents. Secondly, continuous advancements in pharmaceutical research and development are exploring novel drug delivery systems and enhanced formulations of celecoxib, aimed at optimizing its bioavailability, therapeutic efficacy, and patient convenience. These innovations expand the drug's utility and market reach, fostering sustained investment in its API production. Furthermore, the increasing healthcare expenditure in emerging economies and greater access to advanced medical treatments contribute to a broadening patient base, thereby propelling the demand for Celecoxib API across diverse geographical landscapes. This confluence of clinical need, technological progress, and market expansion solidifies celecoxib's position as a critical therapeutic option in modern medicine and ensures the vitality of its API market.

Major applications for Celecoxib API extend across various therapeutic areas, prominently including the symptomatic relief of osteoarthritis and rheumatoid arthritis, where chronic pain and inflammation severely impact quality of life. It is also widely used for ankylosing spondylitis, acute pain following surgery or injury, and the management of primary dysmenorrhea. The benefits of celecoxib are multifaceted, offering effective pain relief and anti-inflammatory action with a reduced risk of gastrointestinal complications, a significant concern with older NSAIDs. Driving factors for market expansion include the global demographic shift towards an older population, the increasing awareness and diagnosis of inflammatory conditions, and the continuous efforts by pharmaceutical companies to develop and commercialize more patient-friendly drug formulations. The foundational strength of the Celecoxib API market lies in its proven clinical utility and its alignment with evolving patient safety and efficacy requirements in pain management.

Celecoxib API Market Executive Summary

The Celecoxib API market is experiencing a period of sustained expansion, primarily propelled by the escalating global burden of chronic inflammatory conditions such as osteoarthritis and rheumatoid arthritis. This growth is further reinforced by celecoxib's established clinical efficacy and a more favorable gastrointestinal safety profile compared to conventional non-selective NSAIDs, making it a preferred choice for long-term pain management among clinicians and patients alike. The market's dynamism is evident in several key business trends, including a strong emphasis on optimizing API manufacturing processes to achieve greater cost-efficiency and scalability. This is crucial for meeting the rising global demand and managing competitive pressures, particularly from generic drug manufacturers. Strategic alliances and partnerships between API producers and finished dosage formulators are also becoming increasingly prevalent, enabling companies to secure supply chains, accelerate market entry for generic versions, and expand their overall market footprint.

From a regional perspective, the market exhibits varied yet robust growth patterns. Developed economies in North America and Europe continue to represent substantial market shares, primarily due to their advanced healthcare infrastructures, significant elderly populations, and high per capita healthcare spending. These regions benefit from strong diagnostic capabilities and well-established prescription drug markets, sustaining a consistent demand for Celecoxib API. Conversely, the Asia Pacific region is rapidly emerging as a high-growth market, driven by improving healthcare access, increasing disposable incomes, and the expansion of generic drug manufacturing capabilities, particularly in countries like India and China. Latin America and the Middle East and Africa regions are also showing promising growth, albeit from a smaller base, as healthcare systems evolve and access to modern therapeutics improves.

Segmentation trends within the Celecoxib API market highlight the dominance of its application in the treatment of osteoarthritis and rheumatoid arthritis, which account for the largest share due to the widespread prevalence of these conditions globally. There is also a continuous focus on refining synthesis methods, with an emphasis on achieving higher purity grades and improving manufacturing yields to meet stringent regulatory requirements and market demand for quality. The competitive landscape remains dynamic, characterized by a mix of established pharmaceutical giants, specialized API manufacturers, and numerous generic players. Companies are actively investing in process innovation, backward integration, and geographical expansion to enhance their competitive positioning and capitalize on the growing global demand for effective and safer anti-inflammatory solutions. These overarching trends collectively define the current and future trajectory of the Celecoxib API market, indicating a period of progressive innovation and expansion.

AI Impact Analysis on Celecoxib API Market

The integration of artificial intelligence (AI) is poised to fundamentally transform various facets of the Celecoxib API market, addressing numerous questions and expectations from stakeholders. Users are particularly interested in how AI can expedite the discovery and development of next-generation COX-2 inhibitors or novel celecoxib formulations, thereby shortening the often lengthy and costly R&D cycles. Furthermore, significant attention is directed towards AI's capacity to optimize complex chemical synthesis routes for celecoxib, promising enhanced efficiency, reduced production costs, and minimized environmental footprint in API manufacturing. The potential for AI to bolster supply chain resilience and predictability, mitigating disruptions and ensuring consistent API availability, is also a frequently discussed topic. Stakeholders are keen to understand how AI can elevate quality control standards, making the production process more robust and ensuring higher levels of product safety and purity. The application of AI in analyzing vast datasets for personalized medicine, tailoring celecoxib treatments to individual patient profiles, represents another area of high interest, promising more effective therapeutic outcomes.

However, alongside these optimistic projections, several concerns and challenges are commonly raised regarding AI's pervasive influence. The substantial capital investment required for implementing sophisticated AI infrastructure and tools, coupled with the necessity for highly specialized talent to develop and manage these systems, represents a considerable barrier for some market players. Data security and intellectual property protection within AI-driven drug development processes are critical considerations, given the sensitive nature of pharmaceutical research. Ethical implications surrounding AI's role in clinical decision-making and patient data privacy also warrant careful consideration and robust regulatory frameworks. Despite these hurdles, the overarching expectation is that AI will be a powerful catalyst for innovation, significantly reducing time-to-market for improved celecoxib products, optimizing resource utilization, and ultimately making advanced anti-inflammatory therapies more accessible and affordable globally. The industry anticipates that AI will streamline operations from the initial stages of raw material sourcing to the final distribution of the API, fostering a new era of efficiency and precision.

• AI can significantly accelerate the discovery and optimization of new chemical pathways for Celecoxib synthesis, leading to more efficient, sustainable, and cost-effective production methods by identifying optimal reaction conditions and catalysts.
• Predictive analytics powered by AI greatly enhances supply chain management, improving inventory forecasting, reducing lead times for critical raw materials, and mitigating risks associated with logistics, geopolitical instability, and unforeseen market fluctuations.
• AI-driven quality control systems implement real-time monitoring and analysis of API batches, enabling the detection of impurities, deviations, and inconsistencies with unprecedented precision and speed, thereby ensuring superior product safety and compliance with stringent regulatory standards.
• Machine learning algorithms contribute substantially to drug repurposing efforts by analyzing extensive databases of existing compounds, potentially identifying new therapeutic uses for Celecoxib or its structural analogs beyond current indications.
• AI assists in optimizing process parameters in manufacturing facilities, leading to a significant reduction in waste generation, increased production yield, and lower energy consumption, which collectively boosts operational sustainability and reduces environmental impact.
• The technology aids in analyzing vast and complex datasets derived from preclinical studies, clinical trials, and real-world evidence, providing deeper, data-driven insights into Celecoxib's efficacy, safety profiles, and diverse patient responses, thereby informing more personalized and effective treatment strategies.
• AI tools are capable of simulating molecular interactions and predicting drug-receptor binding, assisting in the rational design of novel excipients or advanced drug delivery systems that could improve Celecoxib's bioavailability, reduce adverse effects, or enable targeted drug release.
• Market intelligence platforms leveraging AI can provide granular, actionable insights into evolving market trends, the competitive landscape, emerging therapeutic needs, and patent expirations, guiding strategic business decisions for API manufacturers and formulators.
• Robotics and advanced automation, seamlessly integrated with AI, are transforming Celecoxib API manufacturing plants by increasing throughput, enhancing precision in critical steps, and minimizing human error, leading to more consistent and reliable production.
• AI's ability to swiftly process and interpret vast amounts of scientific literature, patent databases, and regulatory guidelines can support robust intellectual property strategies and identify white spaces for innovation within the dynamic COX-2 inhibitor market.

DRO & Impact Forces Of Celecoxib API Market

The Celecoxib API market is dynamically influenced by a complex interplay of Drivers, Restraints, Opportunities, and broader Impact Forces that collectively determine its growth trajectory and competitive landscape. A primary driver is the continually escalating global prevalence of chronic inflammatory diseases, including but not limited to osteoarthritis, rheumatoid arthritis, and ankylosing spondylitis. This demographic trend is exacerbated by an aging global population, which inherently faces a higher incidence of age-related degenerative conditions, necessitating effective and sustained pain and inflammation management. Furthermore, celecoxib's established therapeutic efficacy, coupled with its distinct advantage of offering a reduced risk of gastrointestinal side effects compared to non-selective NSAIDs, makes it a preferred pharmacological choice, thereby consistently boosting its demand from the pharmaceutical sector.

However, the market also contends with significant restraints. Foremost among these is the persistent threat of patent expirations for innovator celecoxib formulations, which inevitably paves the way for intense generic competition. This influx of generic alternatives often leads to considerable price erosion for the API, impacting profit margins for manufacturers. The inherent complexities of API manufacturing processes, which demand rigorous quality control and specialized facilities, along with stringent regulatory hurdles across various jurisdictions, pose additional challenges by increasing development costs and extending time-to-market. Concerns regarding potential cardiovascular side effects associated with long-term use of COX-2 inhibitors, although extensively studied and managed, can also periodically influence prescribing patterns and market sentiment.

Amidst these challenges, numerous opportunities for growth and innovation exist. The development of novel drug delivery systems, such as extended-release formulations or topical applications, could significantly enhance celecoxib's therapeutic index and patient convenience, opening new market segments. Furthermore, the exploration of combination therapies, where celecoxib is paired with other active compounds to achieve synergistic effects or mitigate side effects, presents another avenue for market expansion. Geographically, there is immense potential for market penetration and growth in rapidly developing economies, particularly in Asia Pacific, Latin America, and parts of the Middle East and Africa, where improving healthcare infrastructure and rising disposable incomes are increasing access to modern therapeutics. The broader impact forces, including evolving global healthcare policies, advancements in chemical synthesis technologies (e.g., green chemistry), fluctuations in raw material prices, and geopolitical stability, continuously reshape the operational environment, demanding agile strategic adaptation from all market participants to capitalize on opportunities and navigate constraints effectively.

Segmentation Analysis

The Celecoxib API market is meticulously segmented to offer comprehensive insights into its intricate structure, enabling a detailed analysis of market dynamics, competitive positioning, and emerging growth opportunities across various distinct categories. This granular segmentation is paramount for both API manufacturers and pharmaceutical companies as it facilitates precise market sizing, accurate forecasting, and the formulation of highly targeted strategic plans. By dissecting the market based on synthesis methods, therapeutic applications, and end-user profiles, stakeholders can gain a profound understanding of specific demand drivers and supply-side constraints within each sub-market. This analytical framework effectively mirrors the diverse operational landscape and the multifaceted value creation processes inherent in the global Celecoxib API ecosystem, allowing for more informed decision-making and resource allocation.

The segmentation strategy for Celecoxib API takes into account the different approaches to manufacturing the active compound, reflecting technological advancements and cost-efficiency considerations. It also thoroughly examines the broad spectrum of medical conditions for which celecoxib is prescribed, highlighting the varying demand patterns and market sizes associated with each application. Furthermore, the analysis distinguishes between different types of organizations that purchase and utilize the API, from large pharmaceutical conglomerates to specialized research entities, each with unique procurement needs and regulatory requirements. This multi-dimensional approach to segmentation is crucial for identifying underserved market niches, assessing the impact of regulatory changes on specific segments, and developing customized product offerings that align with distinct customer needs. Such detailed analysis empowers market players to optimize their product portfolios, enhance market entry strategies, and ultimately achieve sustainable growth in a competitive environment.

• By Synthesis Type
  • Chemical Synthesis: This segment represents the predominant method of celecoxib API production, involving multi-step organic reactions to synthesize the complex molecular structure. It emphasizes precision, yield optimization, and scalability.
  • Biosynthesis: An emerging area, biosynthesis involves utilizing biological systems (e.g., enzymes, microorganisms) to produce celecoxib or its precursors. While still nascent for celecoxib, it holds potential for more sustainable and environmentally friendly production routes in the future.
• By Application
  • Osteoarthritis: The largest application segment, driven by the high global prevalence of this degenerative joint disease and the need for chronic pain and inflammation management.
  • Rheumatoid Arthritis: A significant application due to the chronic autoimmune nature of the disease, requiring long-term anti-inflammatory therapy to manage symptoms and prevent joint damage.
  • Ankylosing Spondylitis: Addresses the specific inflammatory arthritis affecting the spine and large joints, where celecoxib provides effective symptomatic relief.
  • Acute Pain: Includes post-surgical pain, dental pain, and other forms of short-term severe pain where celecoxib's anti-inflammatory properties are beneficial.
  • Primary Dysmenorrhea: Utilized for managing menstrual pain due to its ability to inhibit prostaglandin synthesis.
  • Other Inflammatory Conditions: Encompasses less common but important applications such as juvenile idiopathic arthritis and certain forms of acute gouty arthritis, expanding the drug's therapeutic reach.
• By End-User
  • Pharmaceutical Companies: Comprising both innovator and generic drug manufacturers that procure API for their finished celecoxib formulations, representing the largest end-user segment.
  • Contract Manufacturing Organizations (CMOs): Companies specialized in manufacturing pharmaceutical products for other firms, requiring high volumes of Celecoxib API to fulfill client contracts.
  • Research Institutions: Academic and private research laboratories that utilize Celecoxib API for various studies, including drug discovery, formulation development, and pharmacokinetic research.
• By Purity Grade
  • Standard Grade: Meets general pharmaceutical requirements and regulatory standards for most generic formulations.
  • High Purity Grade: Exceeds standard purity levels, often required for specialized formulations, specific regulatory markets, or when minimal impurities are critical.
• By Form
  • Powder: The most common form, allowing for easy handling, formulation into capsules or tablets, and transportation.
  • Crystalline: Refers to the specific crystalline structure of the API, which can impact solubility, stability, and bioavailability, requiring precise control during manufacturing.

Value Chain Analysis For Celecoxib API Market

The value chain of the Celecoxib API market represents a meticulously structured sequence of activities that transform raw materials into the finished active pharmaceutical ingredient, ready for pharmaceutical formulation. This intricate process begins with the upstream segment, which involves the diligent sourcing and procurement of critical precursor chemicals, intermediate compounds, and various solvents. Establishing robust and reliable relationships with specialized chemical suppliers is paramount in this stage, as the quality, consistency, and cost-effectiveness of these foundational raw materials directly influence the purity, yield, and ultimate cost of the final Celecoxib API. Supply chain resilience, ensuring against disruptions from geopolitical events or raw material shortages, is a key strategic imperative for API manufacturers at this initial phase of the value chain.

Moving into the midstream segment, the core activity involves the highly specialized Celecoxib API manufacturing process itself. This stage encompasses extensive research and development efforts to optimize synthesis routes, followed by large-scale chemical production within cGMP (current Good Manufacturing Practice) compliant facilities. Precision engineering of multi-step organic reactions, rigorous in-process quality control measures, and sophisticated purification techniques are all integral to ensuring that the API meets stringent international pharmaceutical standards for identity, purity, potency, and safety. Investment in advanced manufacturing technologies, process automation, and analytical instrumentation is crucial here to enhance efficiency, reduce waste, and maintain regulatory adherence, which directly impacts the API's marketability and acceptance by downstream formulators.

The downstream segment focuses on the efficient distribution and sales of the manufactured Celecoxib API to its primary end-users, predominantly pharmaceutical companies and Contract Manufacturing Organizations (CMOs). These entities then undertake the crucial step of formulating the API into various finished dosage forms, such as capsules or tablets, which are ultimately dispensed to patients. Distribution channels are typically bifurcated into direct and indirect routes. Direct sales involve API manufacturers supplying large volumes directly to major pharmaceutical clients, fostering close collaborative relationships. Indirect channels, conversely, utilize a network of distributors, agents, and wholesalers who manage logistics, warehousing, and often provide regional market access to a broader base of smaller and mid-sized pharmaceutical customers. The efficiency, reliability, and regulatory compliance across every stage of this value chain are indispensable for maintaining market competitiveness, ensuring product availability, and ultimately delivering high-quality celecoxib medications to patients globally.

Celecoxib API Market Potential Customers

The primary potential customers within the Celecoxib API market are predominantly pharmaceutical companies, spanning a wide spectrum from multinational pharmaceutical giants to numerous mid-sized and smaller generic drug manufacturers. These companies form the backbone of demand, as they require high-quality, reliably sourced, and cost-effective Celecoxib API as the foundational ingredient for producing their finished dosage forms of celecoxib-based medications. Their purchasing decisions are heavily influenced by the API's purity, consistency, and compliance with stringent regulatory standards such as cGMP (current Good Manufacturing Practice), ensuring the safety and efficacy of their final drug products. The ability of API suppliers to offer competitive pricing, robust technical support, and a secure, transparent supply chain is critical in attracting and retaining these significant pharmaceutical clients, who operate in a highly regulated and competitive environment.

Contract Manufacturing Organizations (CMOs) represent another substantial and growing segment of potential customers for Celecoxib API. These specialized firms are entrusted by various pharmaceutical companies to manufacture their drug products, often covering the entire production lifecycle from API procurement to finished product packaging. Consequently, CMOs require a consistent and substantial supply of compliant Celecoxib API to fulfill their diverse client contracts. Their demand is driven by the outsourcing trends within the pharmaceutical industry, where companies seek to leverage external expertise and infrastructure for efficient and scalable production. Factors such as a supplier's capacity, flexibility, and proven track record in meeting strict timelines and quality benchmarks are particularly crucial for CMOs.

Beyond commercial pharmaceutical production, a smaller yet significant customer base includes various research institutions, academic laboratories, and biotechnology firms. These entities typically procure smaller quantities of Celecoxib API for diverse research and development purposes. This can range from exploring novel drug mechanisms and identifying new therapeutic applications for celecoxib, to developing innovative drug delivery systems, conducting pharmacokinetic and pharmacodynamic studies, or even synthesizing specialized derivatives. For these research-oriented customers, the availability of high-purity API, accompanied by comprehensive analytical data and flexible supply options for smaller batch sizes, becomes a key purchasing criterion. Understanding the specific needs, regulatory requirements, and procurement criteria of each of these distinct customer types is absolutely essential for Celecoxib API manufacturers to effectively penetrate and serve this diverse and expanding global market.

Celecoxib API Market Key Technology Landscape

The Celecoxib API market operates within a highly sophisticated technological landscape, continuously evolving to meet stringent regulatory requirements, enhance manufacturing efficiency, and ensure superior product quality. The core technologies are fundamentally rooted in advanced chemical synthesis techniques, which are crucial for the multi-step organic reactions involved in constructing the complex molecular structure of celecoxib. This demands exceptional precision in controlling reaction parameters, meticulous selection of reagents and catalysts, and the strategic design of synthetic pathways that maximize yield and minimize impurities. A key aspect is the use of chiral synthesis methods to ensure the production of the specific enantiomer of celecoxib, which is essential for its therapeutic efficacy and safety profile, aligning with modern pharmaceutical standards that prioritize stereospecificity. The continuous pursuit of more environmentally friendly and cost-effective 'green chemistry' approaches also influences technological adoption, aiming to reduce hazardous waste and solvent use during production.

Beyond synthesis, robust purification processes form another critical pillar of the technology landscape. These include advanced crystallization techniques that are meticulously controlled to achieve the desired polymorphic form and particle size distribution of the API, attributes that significantly impact the drug's solubility, stability, and ultimately its bioavailability in the final pharmaceutical product. Filtration, drying, and micronization technologies are also extensively employed to refine the API to its ultimate commercial specifications. Complementing these production technologies are an array of sophisticated analytical methods indispensable for comprehensive quality control. High-Performance Liquid Chromatography (HPLC) is universally used for purity and assay determination, while Gas Chromatography-Mass Spectrometry (GC-MS) helps identify and quantify residual solvents and volatile impurities. Nuclear Magnetic Resonance (NMR) and X-ray Diffraction (XRD) are vital for confirming the molecular structure and crystalline form, respectively, ensuring the identity and structural integrity of the Celecoxib API throughout the entire manufacturing lifecycle.

The contemporary technology landscape is also increasingly witnessing the integration of process analytical technology (PAT) and automation. PAT tools enable real-time monitoring and control of critical process parameters during API manufacturing, allowing for immediate adjustments that optimize reaction conditions, reduce batch failures, and improve consistency. This shift towards data-driven manufacturing processes, often coupled with automation and robotics, not only enhances efficiency and throughput but also significantly reduces human error and ensures compliance with increasingly rigorous global cGMP standards. Furthermore, advancements in bioinformatics and computational chemistry are aiding in the rational design of improved synthesis routes and the prediction of impurity profiles. These interconnected technological innovations collectively drive the Celecoxib API market, ensuring the production of high-quality, safe, and effective active ingredients that underpin modern anti-inflammatory therapeutics.

Regional Highlights

• North America: This region holds a commanding share of the Celecoxib API market, primarily due to its highly advanced healthcare infrastructure, high per capita healthcare spending, and a significant prevalence of chronic inflammatory diseases such as osteoarthritis and rheumatoid arthritis. The presence of numerous global pharmaceutical giants and a robust research and development ecosystem contribute substantially to sustained demand. The United States, in particular, drives much of the regional growth, supported by extensive insurance coverage and a large, aging patient population actively seeking effective pain management solutions.
• Europe: Europe represents another key market for Celecoxib API, characterized by its well-established healthcare systems, an increasingly aging demographic, and high healthcare expenditure. Countries like Germany, France, the UK, and Italy consistently demonstrate strong demand for celecoxib-based medications. The region benefits from stringent regulatory frameworks that ensure the production and supply of high-quality API, fostering trust among healthcare providers and patients. Continuous innovation in drug delivery and formulation also contributes to market dynamism in Europe.
• Asia Pacific (APAC): The Asia Pacific region is unequivocally projected to exhibit the fastest and most significant growth in the Celecoxib API market throughout the forecast period. This accelerated expansion is primarily fueled by rapidly improving healthcare access, substantial increases in disposable incomes, and an enormous, expanding patient pool across major economies such as China, India, and Japan. The booming generic drug manufacturing sector in India and China, coupled with substantial government investments in healthcare infrastructure and pharmaceutical R&D, are key drivers propelling the market forward. Increased awareness about chronic diseases and urbanization further augment demand.
• Latin America: Countries across Latin America, notably Brazil and Mexico, are experiencing promising growth in the Celecoxib API market. This growth is largely attributed to expanding healthcare sectors, rising awareness and diagnosis rates of inflammatory conditions, and government initiatives aimed at improving healthcare accessibility and affordability for their populations. The increasing adoption of advanced therapeutics and a growing pharmaceutical industry seeking high-quality API sources are expected to significantly boost demand within the region, albeit from a relatively smaller current market base.
• Middle East and Africa (MEA): While currently a smaller market share contributor, the Middle East and Africa region shows considerable potential for future growth in the Celecoxib API market. This anticipated expansion is driven by increasing healthcare investments by regional governments, a rising prevalence of non-communicable diseases including chronic inflammatory conditions, and strategic efforts to modernize local pharmaceutical manufacturing capabilities in key economies like Saudi Arabia, UAE, and South Africa. The development of healthcare infrastructure and a growing focus on specialty medications contribute to the gradual but steady demand increase in MEA.

Top Key Players

• Cipla Ltd.
• Dr. Reddy's Laboratories Ltd.
• Sun Pharmaceutical Industries Ltd.
• Aurobindo Pharma Ltd.
• Lupin Ltd.
• Teva Pharmaceutical Industries Ltd.
• Viatris Inc. (Mylan)
• Pfizer Inc.
• Strides Pharma Science Limited (formerly Shasun Pharmaceuticals)
• Cadila Pharmaceuticals Ltd.
• Zydus Lifesciences Ltd.
• Hetero Labs Limited
• Macleods Pharmaceuticals Ltd.
• Glenmark Pharmaceuticals Ltd.
• IPCA Laboratories Ltd.
• Divi's Laboratories Ltd.
• Lonza Group AG
• Cambrex Corporation
• Seqens SAS
• Albemarle Corporation
• CSPC Pharmaceutical Group Limited
• Granules India Ltd.
• Actavis (now part of Teva)
• Biocon Ltd.
• Ajinomoto Bio-Pharma Services

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