Global Sterile Injectable Drugs Market to Surpass US$ 657 Bn through 2024

In a recently published report outlook titled “Sterile Injectable Drugs Market: Global Industry Analysis and Forecast, 2016-2024,” Persistence market Research projects the global market for sterile injectable drugs to witness healthy growth throughout the next eight years. Preponderance of chronic diseases, coupled with several technological advancement in novel drug delivery systems, will continue to generate the demand for sterile injectable drugs within the assessment period.

The report highlights a growing trend of small molecule injectable drugs gaining immense popularity. Moreover, fast-track FDA approvals for injectable drugs, increasing demand for injectable drug delivery, and rapid expansion of contract manufacturing facility, especially in European countries, will create attractive opportunities in near future.

Global Sterile Injectable Drugs Market Research Report Overview @ https://www.persistencemarketresearch.com/market-research/sterile-injectable-drugs-market.asp

The global sterile injectable drugs market is broken down on the basis of drug type, molecule type, application type, route of administration, and distribution channel.

By molecule type, among the two key segments viz. small molecule and large molecule, large molecule segment will continue to dominate – despite facing a slight drop in terms of BPS through 2024. This segment will account for over 53% share of the market value in 2024. However, overall growth of both the segments will remain promising throughout the forecast period.

Based on drug type, ‘others’ segment including drugs used to treat mental health, autoimmune diseases, and respiratory disease, will retain dominance during the forecast period. This segment will witness a robust CAGR of over 8%. Monoclonal antibodies, vaccines, and insulin will be the next key segments. Insulin segment will experience the fastest growth through 2024, followed by vaccines segment.

On the basis of application type, ‘others’ segment that includes several chronic diseases, is expected to remain dominant by the end of 2024, crossing a value of US$ 200 Bn. CVDs, cancer, and diabetes are anticipated to be the next major segments, among which CVDs segment is slated for the fastest growth at a CAGR of 10%.

By route of administration, intravenous (IV) segment currently dominates with roughly 43% share of the market value. This segment will continue to dominate but subcutaneous, the second largest segment, will possibly witness the highest CAGR of 10%.

Depending on the distribution channel, hospital pharmacies are likely to continue their dominance over the period of forecast, accounting for the revenues beyond US$ 378 Bn in 2024. Online pharmacies will possibly gain the highest popularity, witnessing the fastest growth at a CAGR of over 9%.

Request to sample report
https://www.persistencemarketresearch.com/samples/12811

Regional analysis reaffirms dominance of North America

According to regional analysis, North America, Europe, and Asia Pacific will be the top three markets over 2016-2024. The highest growth will be observed in APAC, crossing US$ 150 Bn by 2024 end, followed by Europe. The Asian market will be led by China, Japan, and India.

Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/sterile-injectable-drugs-market/toc

Key player analysis indicates a number of M&A, collaborations, and partnerships

Among all the key players competing in the global sterile injectable drugs market, Sanofi recently swapped its animal health business (Merial) with Boehringer Ingelheim’s consumer healthcare (CHC) business, in January 2017. Earlier in October 2016, the company had announced its collaboration with Oswaldo Cruz Foundation and Walter Reed Army Institute of research (WRAIR) for a development of a vaccine against Zika virus.

Pfizer Inc. acquired development and commercialization rights of AstraZeneca’s late-stage small molecule anti-infective business recently in December 2016. Whereas, GlaxoSmithKline plc opened a new global vaccine R&D center in the U.S., in December 2016.

While GILEAD SCIENCES, INC. entered into a partnership with WHO for diagnosis and treatment of Visceral Leishmaniasis, Novo Nordisk A/S received an approval from the European Commission for Fiasp, a fast-acting insulin aspart especially for treating adult diabetes.

Other key companies operating in the global sterile injectable drugs marketplace, include Baxter International Inc., AstraCeneca plc, Merck & Co., Inc., Novartis AG, and Johnson & Johnson Services, Inc.

Get Full Report now https://www.persistencemarketresearch.com/checkout/12811

About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated re-search, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Con-sumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com

This release was published on openPR.