About Generic Injectables
The generic injectable is defined as the pharmaceutical drugs that are available in large molecule injectable and small molecule injectable. Rising prevalence of chronic, increasing disposal income among middle-class families, increasing awareness regarding the benefit of generic injectable are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.0% |
The global injectable market is highly fragmented with the presence of various players operating in the market. Some of the major players operating in the market are Pfizer Inc. (United States), Sandoz International (Germany), Sagent Pharmaceuticals (United States), among others. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Generic Injectables market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pfizer Inc. (United States), Sandoz International (Germany), Sagent Pharmaceuticals (United States), Baxter International Inc. (United States), Fresenius Medical Care AG & Co. KGaA (Germany), Mylan N.V. (United States), Teva Pharmaceutical Industries Ltd. (Israel), Hikma Pharmaceuticals (United Kingdom), Lupin Pharmaceuticals (India) and Sanofi S.A. (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Biocon Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Generic Injectables market by Type (Large Molecule Injectable {Monoclonal Antibodies (Mab), Insulin, And Others} and Small Molecule Injectable), Application (Oncology, Infectious Diseases, Cardiology, Diabetes and Immunology) and Region.
On the basis of geography, the market of Generic Injectables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Route of Administration, the sub-segment i.e. Intravenous will boost the Generic Injectables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacy will boost the Generic Injectables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Container Type, the sub-segment i.e. Vials will boost the Generic Injectables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regrading Generic Injectable
Market Growth Drivers:
Due to rise in incidence of cancer in Asia Pacific countries such as India and China are expected to witness fastest market growth during the forecast period. For instance, According to an article published by World Health Organization, in 2018, Cancer is the second leading cause of death across the world and accounting for an expected more than 9.6 million deaths. Hence, rising number of cancer will affect the growth of market in future.
Challenges:
Issue related to High Barriers to Entry Led by Complex Manufacturing Process
Restraints:
Stringent Rules as well as Regulation
Opportunities:
Growing Demand from Emerging Market such as China, India, and others
Market Leaders and their expansionary development strategies
Key Target Audience
Manufacturers of Generic Injectables, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.