Increasing Prevalence & Expensive Cost of Cancer Treatment Offers Significant Boost in Generic Therapeutics Demand

The large molecular injectables segment is projected to capture lion’s share in the global generic injectables market, accounting for 3/5th of the total market value

Fact.MR – A Market Research and Competitive Intelligence Provider: The global generic injectables market would be worth US$ 1.02 Bn in 2022 and have a double-digit CAGR of 13.3% between 2022 and 2032. Fact.MR states that with an ever-increasing demand for large-size molecular injectables, the global Generic injectables market is projected to reach US$ 3.6 Bn by the year 2032.

Demand for Large Molecular injectables will continue to thrive, with a documented CAGR of 34.8% during the 2015-2021 historical period of assessment, while demand for Generic Injectables in Oncology proliferated at a rate of 11.5% during the same period. The APAC will dominate the global market, registering a growth opportunity worth US$ 20.8 Million from 2022 to 2032. Oncology is into adoption of generic injectables. This demand is expected to grow at the rate of 11.5% in the forecast period.

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Key Takeaways from Market Study

Key Drivers Stimulating Generic Injectables Industry Expansion

The global generic sterile injectable market is principally propelled by the mounting prevalence of several chronic diseases like cancer, diabetes, and the increasing geriatric population across the globe.

Developing branded formulations is a time-consuming and expensive process. The average time required to develop a new chemical entity is a decade. A cost of US$ 5-8 Billion is incurred in the development of drug formulations, owing to stringent government regulations that ensure the safety and efficacy of preclinical and clinical trials.

Shortage of supply for numerous critical medicines, especially the injectable form of drugs that are mainly used in cancer chemotherapy, is a foremost problem faced globally. Due to constant scarcities, patients are unable to gain access to basic life-saving drugs, and this dearth is likely to sternly affect the expansion of the market.

Fact.MR estimates that the valuation of the generic injectables market is likely to reach US$ 250 Million by 2032 which evaluated nearly US$ 75 Million in 2021. Projections indicate a robust CAGR of 11.4% during the forecast period.

The treatment of cardiovascular diseases includes nanoparticle-based drug delivery as an ideal therapeutic alternative. This aspect is also responsible for augmenting the growth of the injectable drug delivery system in the region.

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The key participants are moving in the direction of fostering flawless client-customer relationship.

Key Segments Covered in the Generic Injectables Industry Survey

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Fact.MR, in its new offering, presents an unbiased analysis of the global generic injectables market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by product type (large molecule injectables, mAb generic injectables, insulin generic injectables, small molecule injectables, and other generic injectables), by application (oncology, infectious disease, generic injectables for cardiology (diabetes, immunology, and others)), by container type (vials, ampoules, premix, prefilled syringes, and likewise), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).

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