Wednesday, 2 May 2018

Generic Injectables Market to Expand at a CAGR of Around 13.6% Between 2017 and 2025

Transparency Market Research (TMR) has published a new report titled, “Global Generic Injectables Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”. According to the report, the global generic injectables market is projected to reach over US$ 150 Bn by 2025 at a CAGR of around 13.6% from 2017 to 2025. Asia Pacific is expected to drive the global market. The market in the region is likely to expand at a CAGR of 15% from 2017 to 2025. This is attributed to high consumption of cost-effective generic injectable products, significant patient base, well-established guidelines for the development and manufacture of biosimilars, presence of large number of generic players in the region, and high incidence of cancer and diabetes in the region.


The report offers detailed segmentation of the global generic injectables market based on product type, container type, application, end-user, and region. In terms of product type, the market has been bifurcated into large molecule injectables also known as biosimilars and small molecule injectables. The small molecule injectables segment held a major share of the market in 2016. However, the large molecule generic injectables segment is expected to expand at a rapid pace due to strong pipeline of biosimilar products, expected patent expiry of top selling blockbuster biological molecules by 2020, rise in research & development activities in complex therapeutic molecules suitable to be administered in the form of biosimilar injectables, and rapid evolution of regulatory framework to approve biosimilar products globally.

The prefilled syringes segment is anticipated to expand at the highest CAGR during the forecast period, due to dose accuracy, ease of administration, prevention of contamination, and increase in technological advancements in the form of multichambered syringes, which reduces chances of drug interactions. Moreover, evolution of advanced drug delivery systems such as auto injectors and injectable pens are expected to increase demand for prefilled syringes during the forecast period.


The oncology segment constituted major market share in 2016 owing to the rise in incidence of cancer, expected patent loss of majority of oncology injectables products, increase in use of injectable products to target tumors, and surge in research & development activities in oncology biosimilars such as monoclonal antibodies. The oncology therapeutic area is a top priority for product development among leading players in the market. For instance, Biocon is engaged in the clinical trials of oncology biosimilars such as Trastuzumab and Bevacizumab.

Generic injectables are affordable versions of branded injectables, marketed after the loss of patent protection for the newly developed branded product. The economic condition in Asia Pacific favors the adoption of cost-effective generic products over branded ones. Generics represent 55% of the overall pharmaceutical market in Asia Pacific. Moreover, rapidly changing dynamics of the large molecule injectables in the region in the form of large number of players engaged in biosimilar product development, with large number of pipeline products ready to be launched by 2020, increase in competition , and increase in adoption of advanced injectables containers such as premixes and prefilled syringes are expected to drive the market in Asia Pacific during the forecast period. The generic injectables market in Europe varies significantly at the country level; however, the region accounts for a significant share of the global market. The market in North America is anticipated to expand at a rapid pace in the second half of the forecast period. This is due to development of strong regulatory framework for large molecule generic injectables, expected patent expiry of blockbuster biological molecules, strong biosimilars product pipeline of leading players to be launched by the end of 2020, increase in government support for the adoption of generic medicines to reduce burden of health care cost, and rise in demand for self-administered injections.


Major players operating in the global generic injectables market include Pfizer Inc., Novartis AG (Sandoz International GmbH), Baxter, Fresenius SE & Co. KGaA, Mylan N.V., Teva Pharmaceutical Industries Ltd., Hikma Pharmaceuticals plc, Lupin Ltd., Sanofi, Biocon. The other prominent players in the global market include Dr. Reddy’s Laboratories, Aurobindo Pharma, Sagent Pharmaceuicals, Inc., Zydus Cadila, GlaxoSmithKline plc, and AstraZeneca plc.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)