Title: Generic Injectable Market to Expand with Significant CAGR During 2019-2029
1Generic Injectable Market to Expand with
Significant CAGR During 2019-2029
Report Id REP-GB-6051 Published On
Feb-2020 Category Healthcare, Pharmaceuticals
Medical Devices
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4Generic Injectable Market Analysis
- Generic Injectable Market to Expand with
Significant CAGR During 2019-2029 - Currently at a nascent stage, the global generic
injectable market is projected to witness
exponential growth in sales at around 12 CAGR
during 2019 - 2029. Over the course of forecast
period, generic injectable sales will experience
3X growth, as indicated by a new Future Market
Insights (FMI) study. Increasing patient
preference for self-administration of drugs is
primarily developing a fertile ground for the
generic injectable market, says the report. - "The generic pharmaceuticals sector is gaining a
boost from frequent FDA approvals. Launch of
low-cost injectables through investments in
consolidations and mergers has been a major
highlight," states the FMI report. - Key Takeaways Generic Injectable Market
- Demand for monoclonal antibodies (mAbs) would
remain significant vaccines are gaining
traction. - Generic injectable market continues to see
emergence of high-value opportunities in North
America and Europe. - Asian markets would capture investors' attention,
owing to solid growth in pharma production
capacities and technology penetration. - High preference for small molecule drugs will
prevail
5Generic Injectable Market Analysis
- Generic injectables continue to witness
significant adoption in pain management. - Large molecule injectables are set to outperform
their small counterparts by 2022. - Key Market Growth Drivers
- Expansion of orphan drug and parenteral products
spaces remains a strong factor driving generic
injectable sales. - Increasing preference for cost-efficient
biologics such as mAbs and vaccines over drugs is
in favor of market growth. - Reduced development time and increasing
manufacturers' investments in consolidation are
bolstering demand for generic injectables. - Key Restraints
- Hefty operational costs will remain the key
constraint facing generic injectable
manufacturers. - Tightening competition from low-cost
manufacturers continues to challenge large-scale
players in generic injectable market.
6Generic Injectable Market Analysis
- Competition Analysis Generic Injectable Market
- This FMI study has covered some of the most
prominent companies active in the generic
injectable market, which include, but are not
limited to, Pfizer Inc., Hospira Inc., Hikma, and
Mylan. Key market players continue to maintain
their strategic focus on expansion of business
through mergers. Entering strategic distribution
agreements will be a preferred move of market
leaders in an effort to capture the untapped
growth potential of generic injectable market. - Development of new development pipelines and
extension of product portfolios continue to be
the key strategies of players that look forward
to unlock opportunities in the US generic
injectable market. Increasing competition to
penetrate developed regional markets is
attracting investments towards introduction of
patented complex biologics. Association with CMOs
and CDMOs will be a profitable developmental
strategy in terms of productivity and operational
costs, says the report. - More about the Report
- This Future Market Insights study of 239 pages
offers actionable insights on the generic
injectable market. The market analysis is based
on product (monoclonal antibodies,
immunoglobulin, cytokines, insulin, peptide
hormones, blood factors, peptide antibiotics,
vaccines, small molecule antibiotics,
chemotherapy agents, and others), molecule type
(small molecule and large molecule), application
(oncology, infectious diseases, diabetes, blood
disorders, hormonal disorders, musculoskeletal
disorders, CNS diseases, pain management, and
cardiovascular diseases), route of administration
(IV, IM, and SC), and distribution channels
(hospital pharmacies, retail pharmacies, drug
stores, and online pharmacies) across seven
regions (Latin America, North America, Europe,
South Asia, East Asia, Oceania, and MEA).
7Generic Injectable Market Analysis
- Sourcehttps//www.accesswire.com/578595/Generic-I
njectable-Sales-Set-to-Grow-Three-fold-Between-201
9-and-2029-Biologics-over-Drugs-Trend-Assists-Mark
et-Growth-Concludes-Future-Market-Insights - Explore FMI's Detailed Coverage of Related
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8Generic Injectable Market Analysis
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