Sterile Oncology Injectable Market|Healthy Growth in 2019 Annual Results
Sterile injectable molecules are used as active substances which is divided into two class, large and small molecule as they differ in size, manufacturing process, mode of action in the body. Sterile injectable are used in treatment of various cancer such as breast, lung, and ovarian cancer.
Increasing number of cases of cancer globally is a major factor expected to drive the growth of the sterile oncology injectable market over the forecast period. According to World Health Organization (WHO), cancer is the second leading cause of death globally, and was responsible for 8.8 Mn deaths in 2015. Increasing number of product approvals by various health authorities is another factor expected to propel the growth of the global sterile oncology injectable market over the forecast period. Increasing number of merger and acquisition in order to expand the product portfolio is another factor expected to drive the growth of the global sterile oncology injectable market.
A major factor restraining growth of the global sterile oncology injectable market is production and storage cost of sterile oncology injectable.
The global sterile oncology injectable market revenue is expected to register a lucrative CAGR over the forecast period. The global sterile oncology injectable market report has been segmented on the basis of product type, disease indication, distribution channel, and region.
Global sterile oncology injectable market segmentation, by product type:
- Monoclonal Antibodies
- Peptide Hormones
Global sterile oncology injectable market segmentation, by disease indication:
- Ovarian Cancer
- Breast Cancer
- Lung Cancer
- Pancreatic Cancer
Global sterile oncology injectable market segmentation, by distribution channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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On the basis of region, the global sterile oncology injectable market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market dominates the global sterile oncology injectable market in terms of revenue contribution as compared to that of other markets in the region. This is attributed to increasing number of product launches in the region and presence of major manufacturers in the region. The market in Asia Pacific is projected to register highest growth rate owing to increasing investment by key players in emerging market and increase in incidence of cancer in the region.
Some prominent players in the global sterile oncology injectable market are Eli Lilly & Company, Biocon Ltd., Baxter International Inc., Hikma Pharmaceuticals PLC, Mylan N.V., Sandoz International GmbH, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Novartis AG, and GlaxoSmithKline plc.