Sterile Injectables Market Swot Analysis by Key Players Baxter International, AstraZeneca, Merck & Co., Novartis, Gilead Sciences, Pfizer

Injectables are a compounded medication containing sterile drug with therapeutic actions, which is administered in the body through intravenous (IV) route of administration with the help of needles and syringes. These sterile injectables are made up of small and large molecules (biologics).

The global sterile injectables market was valued at US$ 357.4 billion in 2018 and is expected to exhibit a CAGR of 7.3% over the forecast period (2019 – 2027).

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Manufacturers developing sterile injectables are adopting strategies such as mergers and acquisitions, in order to expand their sterile injectables product portfolio, which is expected to boost the global sterile injectables market growth over the forecast period. For instance, in June 2019, Lyophilization Services of New England (LSNE), a contract development and manufacturing organization (CDMO), acquired sterile injectables manufacturing facility located in León, Spain. Through this acquisition the site LSNE-León, will help LSNE to expand its existing manufacturing capabilities in Europe.

Moreover, Lupin Limited acquired Nanomi BV (Netherland-based injectable company) in February 2014. Nanomi BV has an injectable drug in the development pipeline and around 38 products in the development pipeline targeting branded and generic injectables market.

Sterile injectables manufacturers require major capital investment for the equipment and the production process. Many pharmaceutical companies due to lack of funding are approaching to other firms for investment in the U.S. and Europe. For instance, in July 2019, Nexus Pharmaceuticals invested US$ 250 million, for expanding its facility in Wisconsin, U.S. This new facility will support the company for production and supply of sterile injectable drugs to therapeutic areas such as anesthesia, oncology, cardiovascular, and neurology.

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Moreover, in April 2019, Chr. Hansen Holding A/S, a global bioscience company, and Lonza AG, a pharma contract manufacturing company, received approvals from anti-trust regulators (it is a law in the U.S. to prevent large business corporations (trust)), to establish the 50/50 joint venture for live biotherapeutics products. Furthermore, in August 2016, Fresenius Kabi, invested around US$ 250 million to expand the company’s Melrose Park site located in Illinois, U.S., where it manufactures generic and sterile injectable pharmaceuticals. These factors are expected to support global sterile injectables market growth over the forecast period.

Key players operating in the global sterile injectables market include Baxter International Inc., AstraZeneca plc, Merck & Co., Inc, Novartis AG, Johnson & Johnson Services, Inc., Gilead Sciences, Inc., JHP Pharmaceuticals, Pfizer Inc., Fresenius Kabi Ag, CordenPharma, and Hikma Pharmaceuticals PLC.

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