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Generic Injectables Market Size, Share, Industry Trends, Growth Analysis, Overview And Forecast To 2032
Generic Injectables Market Analysis
The Business Research Company's Generic Injectables Global Market Report 2023 identifies rising prevalence of cancer and cardiovascular diseases as the major driver for the generic injectables market's growth in the forecast period. Cardiovascular diseases refer to a group of disorders of the heart and blood vessels, and cancer is a disease in which some of the body's cells grow uncontrollably and spread to other parts of the body. Generic injectables are used in cancer and cardiac diseases to offer similar pharmaceutical equivalence or bioequivalence to brand-drugs and enhanced drug availability and accessibility to provide more affordable treatment.
The global generic injectables market size is expected to grow from $94.86 billion in 2022 to $109.42 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 global generic injectables market size is expected to reach $184.41 billion in 2027 at a CAGR of 13.9%.
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Major competitors in the generic injectables market are Baxter International Inc., Sanofi SA, Novartis AG, GSK plc., AstraZeneca plc., Fresenius SE & Co. KGaA, Johnson & Johnson, Merck & Co Inc.
A key trend in the generic injectables market includes product innovations. Major companies operating in the generic injectables market are advancing generic injectables to sustain their position in the market. For instance, in April 2022, Dr. Reddy's Laboratories, an India-based pharmaceutical company, launched Treprostinil Injection in the U.S. market. This drug is a therapeutic equivalent generic version of Remodulin (treprostinil) Injection approved by the U. S. Food and Drug Administration (USFDA), a US-based agency. This drug is applicable for patients requiring a transition from epoprostenol to reduce the rate of clinical deterioration.
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The generic injectables market is segmented -
1) By Product Type: Monoclonal Antibodies, Cytokines, Insulin, Vaccines, Other Products
2) By Container Type: Vials, Ampoules, Premix, Prefilled Syringes, Other Containers
3) By Route Of Administration: Intravenous, Intramuscular, Subcutaneous, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Drug Stores, Online Prescription Stores
5) By Application: Oncology, Diabetes , Infectious Diseases , Blood Disorders , Musculoskeletal Disorders , Hormonal Disorders , Pain Management , CNS Diseases , Cardiovascular Diseases
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the generic injectables market.
The Business Research Company's "Global Generic Injectables 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 Generic Injectables Market Include:
1. Executive Summary
2. Generic Injectables Market Characteristics
3. Generic Injectables Market Trends And Strategies
4. Generic Injectables Market - Macro Economic Scenario
5. Generic Injectables Market Size And Growth
……
26. Africa Generic Injectables Market
27. Generic Injectables Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Generic Injectables Market
29. Generic Injectables Market Future Outlook and Potential Analysis
30. Appendix
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