Press release
Generic Sterile Injectable Market to Witness Robust Expansion by 2029
Generic Sterile Injectable Market is expected to grow at a significant CAGR during the forecast period. The generic sterile injectable is the biologics that are used to treat a variety of diseases and have the same active ingredients as branded versions, however, the inactive contents of the medications can differ. The major factors influencing the growth of the market is the rising prevalence of chronic diseases and a rapidly ageing population that is especially susceptible to chronic diseases. The rising prevalence of chronic diseases such as cancer, COPD, and diabetes, as well as the resulting increase in demand for newer generic injectables in various European countries, is propelling the growth of the market.According to the World Health Organization (WHO), the mortality rate of COPD for men and women is about 18 per 1,00,000 inhabitants per year, in Europe. In the same vein, the countries in Europe are experiencing a substantial rise in diabetes cases. According to the WHO, in 2019, Germany had the highest prevalence of diabetes in Europe among the adult population with 15.3% living with diabetes in 2019, Portugal followed with the second-largest share of 14.2%. On the other hand, Ireland has the lowest prevalence of diabetes in Europe at 4.4%. Hence, the rising prevalence of chronic disease is driving the market growth. However, the US FDA has strict rules such as monitoring flexible intravenous (IV) solution bags for microscopic punctures or holes on the surface of the bag during labelling and packaging to minimise microscopic faults that may result in microbial contamination.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered
Regions Covered- Globally
Competitive Landscape: Baxter International Inc., Sanofi S.A., and Pfizer Inc., among others.
Generic Sterile Injectable Market Report by Segment
By Drug Type
Monoclonal Antibodies
Cytokines
Insulin
Peptide Hormones
Vaccines
Immunoglobulins
Others (Blood Factors and Peptide Antibiotics)
By Therapeutic Application
Cancer
Diabetes
CVD
Central Nervous System
Infectious Diseases
Others
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
A full Report of Generic Sterile Injectable Market is Available at: https://www.omrglobal.com/industry-reports/generic-sterile-injectable-market
Generic Sterile Injectable Market by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
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We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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