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Lyophilized Injectable Drugs Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Lyophilized Injectable Drugs Market
The Business Research Company's Lyophilized Injectable Drugs Global Market Report 2023 identifies the rising incidence of cardiac disorders as the major driver for the lyophilized injectable drugs market's growth in the forecast period. Cardiac disorders refer to a wide range of conditions that affect the structure and function of the heart, including the valves, chambers, blood arteries, electrical system, and general pumping function. Lyophilized injectable drugs such as thrombolytic agents, antiarrhythmic medications, inotropic agents, and antihypertensive medications are used in the treatment of various cardiac disorders as they provide stability, convenience, and flexibility, rapid reconstitution, improved bioavailability, and reduced risk of contamination. Hence, the lyophilized injectable drugs market is growing because of increased cardiac disorders globally.
The global lyophilized injectable drugs market size is expected to grow from $3.71 billion in 2022 to $3.82 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of lyophilized injectable drugs market is expected to reach $4.3 billion in 2027 at a CAGR of 3%.
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Major competitors in the lyophilized injectable drugs market are Pfizer Inc., Hoffmann-La Roche Ltd, Merck & Co Inc., Sanofi SA, Novo Nordisk A/S, Becton Dickinson and Company, Baxter International Inc., Sandoz, Nipro Corporation, B. Braun SE, Aurobindo Pharmaceuticals, Schott AG, Zydus Lifesciences.
A key trend in the lyophilized injectable drugs market includes product innovation. Major companies operating in the lyophilized injectable drug market is focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2020, Cipla Limited, an Indian-based pharmaceutical company, launched Cipremi (remdesivir lyophilized powder for injection, 100 mg). It is the only FDA-approved emergency treatment drug for adult and pediatric patients hospitalized with a suspected or laboratory-confirmed COVID-19 infection.
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The lyophilized injectable drugs market is segmented -
• By Packaging Type: Specialty Packaging, Point-Of-Care Reconstitution, Single-Use Vials, Other Packaging Types.
• By Type of Delivery: Single-Step Devices, Multi-Step Devices, Prefilled Diluent Syringes, Proprietary Reconstitution Devices.
• By Indication: Infectious Diseases, Autoimmune Diseases, Metabolic Conditions, Other Indications.
• By End-User: Hospitals, Ambulatory Surgery Centers (ASCs), Specialty Clinics, Other End-Users.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the lyophilized injectable drugs market.
The Business Research Company's "Global Lyophilized Injectable Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Lyophilized Injectable Drugs Market Include:
1. Executive Summary
2. Lyophilized Injectable Drugs Market Characteristics
3. Lyophilized Injectable Drugs Market Trends And Strategies
4. Lyophilized Injectable Drugs Market - Macro Economic Scenario
5. Global Lyophilized Injectable Drugs Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Lyophilized Injectable Drugs Market Competitive Benchmarking
33. Global Lyophilized Injectable Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lyophilized Injectable Drugs Market
35. Lyophilized Injectable Drugs Market Future Outlook and Potential Analysis
36. Appendix
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