Generic Sterile Injectable Market to Witness Widespread Expansion During The Forecast Period 2018-2026 With Key Players Baxter Inc., Fresenius Kabi, Pfizer/Hospira, Novartis/Sandoz, Teva, Hikma, Sun Pharma, Dr. Reddy’s, Mylan

The generic sterile injectable refers to biologics that are used for the treatment of various drugs and has same active ingredients to that of the branded versions of it, however the inactive contents of the drugs can be varied. The process of manufacturing generic sterile injectable is equivalent in the terms of the FDA regulations to that of the branded counterparts. A disease is characterized as chronic if it lasts for more than three months within the patient according to the U.S. National Center for Health Statistics. The chronic diseases are one of the major causes of mortality as these diseases cannot easily be cured by vaccines and healthcare medication.

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According to the World Health Organization (WHO) in 2015, the non- communicable chronic diseases attributes to over 38 million death per year. These diseases include Arthritis, diabetes, and asthma, cardiovascular diseases, cancer and also the viral diseases such as hepatitis C and HIV/AIDS. According to the 2013 fact sheet of Centers of Disease Control and Prevention, arthritis is suggested to be the most common cause of disability due to which 22 million doctor diagnosed patients have obstructed physical activity due to arthritis. The similar report suggests that almost half of the U.S. population, i.e. 47% people have at least one major risk factor for cardiovascular disease which mainly includes uncontrolled LDL cholesterol, high blood pressure and smoking habits. The high prevalence rates of these diseases will inadvertently boost the growth of the global generic sterile injectable market.

Market Dynamics

The growing incidence and prevalence of chronic as well as infectious diseases and musculoskeletal disorders is a key factor fueling growth of the global generic sterile injectable market. About 53% of the disease burden is contributed by non- communicable diseases in India according to the National Health System Resource Centre (NHSRC) in 2016, which accounts up to 37 million deaths in India annually. As per the Chronic Disease Prevention and Health Promotion by the Centers for Disease Control and prevention (CDC), 117 million people in the U.S., suffered from one or more chronic diseases and two of these chronic diseases, heart diseases and cancer jointly accounted nearly 48% of all the deaths.

Apart from prevalence of chronic diseases, several other factors that are responsible to fuel the growth of generic sterile injectable market includes rise in prevalence of infectious diseases such as malaria and tuberculosis and its cost effective treatments in emerging economies as well as the musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis and osteoporosis are also responsible for accelerating demand for generic sterile injectable. Product portfolio expansion and development of new products that can be used in the treatment of these diseases, are some of the other factors augmenting growth of the global generic sterile injectable market.

The global generic sterile injectable market was valued at US$ 42,900 million in 2015 and is expected to witness a CAGR of 10.2% during the forecast period (2018 – 2026).

Competitive Analysis

Key companies covered as a part of this study include Baxter Inc., Fresenius Kabi, Pfizer/Hospira, Novartis/Sandoz, Teva, Hikma, Sun Pharma, Dr. Reddy’s, Mylan, AstraZeneca Plc and Merck & Co. Inc.

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Detailed Segmentation:

Global Generic Sterile Injectable Market, By Drug Type:
Monoclonal Antibodies
Cytokines
Insulin
Peptide Hormones
Vaccines
Immunoglobulins
Blood Factors
Peptide Antibiotics
Others

Global Generic Sterile Injectable Market, By Therapeutic Application:
Cancer
Diabetes
Cardiovascular Diseases
Central Nervous System
Infectious Disorders
Musculoskeletal
Others

Global Generic Sterile Injectable Market, By Distribution Channel:
Hospitals
Drug Stores
Pharmacies
Online Pharmacies

Market Taxonomy

This report segments the global generic sterile injectable market on the basis of drug type, therapeutic application, distribution channel, and geography. On the basis of drug type, the generic sterile injectable market is segmented into Monoclonal antibodies, cytokines, insulin, peptide hormones, vaccines, immunoglobulins, blood factors, peptide antibiotics and others. On the basis of therapeutic application, the generic sterile injectable market is segmented into cancer, diabetes, cardiovascular diseases, central nervous system, infectious disorders, musculoskeletal and others. On the basis of end-user, the generic sterile injectable market is segmented into hospital, drug stores, pharmacies and online pharmacies. For comprehensive understanding of market dynamics, the global generic sterile injectable market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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