Generic Oncology Sterile Injectable Market to Reflect Significant Incremental Opportunity During 2026 With Key Companies Eli Lilly & Company, Biocon Ltd., Baxter International Inc., Hikma Pharmaceuticals PLC, Mylan N.V.

Worldwide Market Reports has announced the addition of the “Generic Oncology Sterile Injectables Market - Size, Share, Trends, and Forecast to 2026”, The report classifies the global Oncology Sterile Injectables Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

Generic oncology sterile injectables are biologics that have the same active ingredients as that of the branded version, with only the inactive contents of the drugs being different. Manufacturers of generic sterile injectables have to adhere to regulations by the Food and Drug Administration (FDA) for the process of development of these injectables, which are equivalent to that for branded counterparts. These generic oncology sterile injectables are used for the treatment of various types of cancer including breast, prostate, colorectal, melanoma, lung, and bronchus. These injectables are available at low prices, and therefore, are widely preferred over branded.

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Rising incidence and prevalence of multiple cancer such as ovarian cancer, breast cancer, lung cancer, and pancreatic cancer and growing need for treatment are expected to be major driving factors for generic oncology sterile injectable market growth over the forecast period.

According to the World Health Organization (WHO), in 2012, around 14 million new cases of cancer were reported. Moreover, according to the WHO, cancer is a second leading cause of mortality, worldwide. Furthermore, according to the Cancer Research UK, in 2012, over 4 in 10 of new cases of cancer are breast, lung, bowel or prostate cancer.

Competitive Analysis:
Key companies covered as a part of this study include Eli Lilly & Company, Biocon Ltd., Baxter International Inc., Hikma Pharmaceuticals PLC, Mylan N.V., Sandoz International GmbH, Teva Pharmaceutical Industries Ltd., and Pfizer Inc.

Key Takeaways of the Generic Oncology Sterile Injectable Market:

The global generic oncology sterile injectables market is expected to expand at a CAGR 11.4% over the forecast period (2017-2025) due to rampant increase in incidence rate of cancer and other chronic conditions Among product types, monoclonal antibodies held the dominant position in the global generic oncology sterile injectables market in 2016. This is attributed to properties of monoclonal antibody to specifically target the cancer cell and these have less side-effects compare to chemotherapy.

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