Generic Injectable Market Prevalent Opportunities upto 2029

Generic injectable drugs are those which have same active ingredient as innovator drug and is equivalent to its innovator drug in dosage form, safety, strength (dose), route of administration, performance, quality, and intended use. Some of the world’s largest manufacturers of sterile generic injectable have been making these drugs for over 80 years. Unlike branded sterile injectable drugs, generic injectable is cost-effective, especially cancer therapies, thus government in the majority of the countries are influencing to adopt generic injectable, in order to control healthcare spending. For instance, the global pharmaceutical industry is experiencing serious pricing issue and cost reduction pressure. e.g. North America pharmaceutical industry is growing at a sluggish rate of below 2% CAGR. A growth rate in Japan and Europe has seen never before decrease in drug prices. This, in turn, is impeding policy changes and encouraging use of generic injectable drugs in these key regions. Globally, a large number of generic drug makers are focusing on plant upgrades for an increase in captive manufacturing of sterile generic injectable drugs. Moreover, infamous regulatory delays in approval of sterile injectable drugs have contributed to the higher inclination towards investments in manufacturing of sterile generic injectable drugs in order to ensure higher quality. The average time period for regulatory approval for sterile drugs is over three to four years, however, that for bioequivalent sterile injectable is around 10-11 months. Faster regulatory approvals, low R&D investment, and the high margin are attracting manufacturers to invest in the generic injectable manufacturing.

Generic Injectable Market: Drivers and Restraints

The global pharmaceutical industry is toning itself to fundamental changes in the marketplace and looking for new ways to achieve growth. Along with increasing efforts for manufacturing of sterile generic injectable, growing number of prescriptions for generic injectable is pushing the growth of the global generic injectable market. According to GPhA Conference report, 90% of injectable prescriptions in the U.S. in 2015 were for generic injectable, which is primarily driven by unprecedented series of patent expiration. Rapid expansion by key market players is another factor driving the growth of the global generic injectable market. Shortage of branded sterile injectable has further led to the adoption of generic injectable. Due to the complexity of manufacturing and stringency in the process, production of sterile injectable drugs is challenging and. This is causing frequent drug recalls due to safety issues. This can limit the growth of the global generic injectable market.

To Get the Sample Copy of Report visit @https://www.futuremarketinsights.com/reports/sample/rep-gb-6051

Generic Injectable Market: Segmentation

The global generic injectable market has been classified on the basis of product type, indication, distribution channel, and geography.

Based on product type, the global generic injectable market is divided into following:

Monoclonal Antibodies
Cytokines
Insulin
Vaccines
Others

Based on an indication, the global generic injectable market is divided into following:

Diabetes
Cancer
Cardiovascular Diseases
Infections
Others

Based on the disease type, the global generic injectable market is divided into following:

Hospital Pharmacy
Retail Pharmacy
Drug Stores
Online Prescription Stores

Generic Injectable Market: Overview

According to fact sheet published by Hospira Inc., approximately 1.5 Bn doses of generic injectable are sold every year across the globe. Monoclonal antibodies being the largest revenue generating segment, will continue to dominate the global generic injectable market over the forecast period. Other cluster consists of include opioid analgesics, general and local anesthetics, antidotes for opioid poisoning, skeletal muscle relaxants etc. Cancer and cardiovascular diseases indication segments are expected to represent highest growth opportunities over the forecast period due to the launch of several antibodies based generic injectable products.

Generic Injectable Market: Regional Overview

Geographically, the global generic injectable market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America holds the largest share in the global generic injectable market. Even though the generic injectable industry has operations across the globe, majority of largest manufacturers produce a large volume of generic injectable in the U.S. However, overseas manufacturing facilities of these manufacturers are subject to same stringent FDA regulations and facilities are inspected on regular basis. Moreover, in the U.S. over 70% of hospital patients receive generic injectable drugs, which is further pushing the demand for generic injectable in North America. Asia Pacific is expected to experience the highest increase in production volumes of generic injectable over the forecast period of 2017–2027. Countries such as China and India have growing pharmaceutical industry of their own. According to the latest report published by PwC, India is the global leader in the production of generics and vaccines. However, Europe is expected to experience sluggish growth due to an economic slowdown.

Generic Injectable Market: Key Players

Some of the key players identified in the global generic injectable market are Pfizer Inc.(Hospira Inc. Pfizer Established Products), Baxter International, Sanofi SA, Novartis AG (Sandoz), GlaxoSmithKline plc., AstraZeneca plc., Fresenius SE & Co. KGaA, Johnson & Johnson, Novo Nordisk A/S, Amgen Inc., Bristol-Myers Squibb Company etc. among others. Majority of these companies have independent subsidiaries that operate in a sterile injectable manufacturing. Consolidation through acquisition and partnerships are emerging as prominent trends in the global generic injectable market. A rapid expansion of emerging players such as Amneal Pharmaceuticals, Endo International plc. Alvogen, ANI Pharmaceuticals Inc. etc. among others would significantly contribute to the growth of the global generic injectable market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Ask an Analyst @https://www.futuremarketinsights.com/ask-question/rep-gb-6051

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint