Parenteral Drug Market Financial Status over Forecast Period 2018 to 2028(Segmentation by Product Type Antibiotics Antineoplastic drug Anti-diabetic Drugs Analgesics Anti-inflammatory Drugs Anesthetics Others)
The increasing approval for new parenteral drug across the globe is projected to propel parenteral drug market revenue growth over the forecast years. For instance, in 2016, 22 New Molecular Entities (NMEs) were approved by the US Food and Drug Administration’s Center for Drug Evaluation and Research. 13, or say 59 percent of these 22 NMEs approved were registered to be parenteral drugs. The increase in product launch activities for parenteral drugs by leading manufacturers such as Eli Lilly and Company, Biogen Inc., Merck and others. With the increasing rise in development of biologic-based drugs, the number of parenteral drugs that are under development or are getting FDA approval is anticipated to increase, thereby being one of the most prominent factor fueling the growth of parenteral drug market. However, high costs associated with the parenteral drug is restraining the revenue growth in parenteral drug market.
The parenteral drug market is categorized based on drug class, route of administration and distribution channel. Based on drug class, the parenteral drug are classified into six major drug classes. Out of the six major drug class, antibiotics are the most preferred parenteral drug type.
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The global parenteral drug market is segmented on basis of product type, material type, application type, end user and geographic region:
Segmentation by Product Type
Segmentation by Route of Administration
Segmentation by Distribution Channel
On the basis of product type, antibiotics parenteral drug segment is anticipated to expand its growth at a highest CAGR over the forecast years on the account of more demand for antibiotics from end use segments. However, the analgesics and anesthetics parenteral drug segment cumulatively holds the highest revenue share in parenteral drug market. Also, anti-inflammatory parenteral drug generates more revenue when compared to anti-diabetic parenteral drug. However, an upsurge in demand for Anti-diabetic parenteral drug is expected to exist in global parenteral drug market over the forecast period. Also, based on route of administration, parenteral drug are majorly injected via intravenous route. Hospital pharmacies followed by retail pharmacies is expected to register highest revenue growth rate during the forecast period.
North America and Europe cumulatively are expected to register highest market revenue share in global parenteral drug market due to the increased patient pool in the regions along with presence of top manufacturing companies across the region. The launch of new parental drug after FDA approval in the U.S. market enables North America to capture highest revenue share in parenteral drug market. Asian countries due to strong footprint for pharmaceutical companies entirely focused on production of parenteral drug allows Asia Pacific to grow at a significant CAGR over the forecast period.
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Some of the major key manufacturers involved in global parenteral drug market are Eli Lilly and Company, Biogen Inc., Merck & Co., Sanofi, Novo Nordisk, AbbVie, Intercept Pharmaceuticals, Jazz Pharmaceuticals, Teva Pharmaceuticals and others.
The report covers exhaustive analysis on:
Parenteral Drug Market Segments
Parenteral Drug Market Dynamics
Historical Actual Market Size, 2012 - 2016
Parenteral Drug Market Size & Forecast 2016 to 2024
Parenteral Drug Market Current Trends/Issues/Challenges
Competition & Companies involved
Parenteral Drug Market Drivers and Restraints
Regional analysis includes:
Asia Pacific Excluding China
Middle East & Africa
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
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