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Generic Sterile Injectables Market Growth to Surpass US$ 113 Billion By 2025, At a CAGR of 10.2% | Major factors impacting growth of generic sterile injectable

The generic sterile injectables are (Food and Drug Administration-approved) biologics that are used for the treatment of various drugs and have the same active ingredients as its branded versions. However, the inactive content of the drug may vary. The generic sterile injectables are widely used in majority of clinics and hospitals worldwide. However, these Injectables are very inexpensive compared to their branded counterparts.

Increasing prevalence of chronic diseases, especially in North America, is expected to augment the growth of the generic sterile injectable market. According to the Centers for Disease Control and Prevention (CDC), chronic diseases such as diabetes, cancer, and heart disease are the leading causes of death and disability in the United States.

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Moreover, the outbreak COVID-19 is expected to offer lucrative growth opportunities for players in the generic sterile injectable market. For instance, in January 2021, Civica planned to build a 120,000 square-foot sterile injectable manufacturing facility in Petersburg, Virginia. Sterile injectables manufactured in this facility will used in hospitals for COVID-19 patient care, emergency room, and intensive-care units, surgeries, and to treat other serious conditions.

Furthermore, the rising investment in technically advanced sterile injectable pharmaceutical production facilities is expected to propel the generic sterile injectable market growth. For instance, in 2018, Pfizer planned to build (with US$ 465 million investment) one of the most technically advanced sterile injectable production facilities in Portage, Michigan.

However, stringent government regulations and the shortage of sterile injectables is expected to restrain the generic sterile injectable market growth. FDA has been paying increased attention to quality control, critical issue for injectable drugs.

Competitive Analysis:

Major players operating in the generic sterile injectable market are Merck & Co. Inc., AstraZeneca, Mylan, Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries Ltd., Hikma, Teva Pharmaceuticals, Novartis/Sandoz, Pfizer/Hospira, Fresenius Kabi, and Baxter Inc.

Market players are adopting various inorganic strategies, such as merger and acquisition, product launch, etc., to strengthen their market position. For instance, in February 2021, Centrient Pharmaceuticals signed an agreement to acquire Astral SteriTech Private Limited to strengthen its position as the global business-to-business industry leader in beta-lactam antibiotics.

In October 2020, Leucadia Pharma announced the launch and availability of its FDA-approved generic Acetaminophen Injection, 1000 mg/100 mL (10 mg/mL).

In September 2020, Mylan shell out US$ 756 million for European rights to a suite of Aspen Pharmacare’s sterile injectable anticoagulants.

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Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakehulders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets Market Attractiveness Analysis, By Type Market Attractiveness Analysis, By End Use Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Generic Sterile Injectable Market, 2016 – 2021 (USD Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID 19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle-East and Africa

Reasons to Purchase this Report

• Current and future of global Generic Sterile Injectable market outlook in the developed and emerging markets

• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.

• Regions/countries that are expected to witness the fastest growth rates during the forecast period

• The latest developments, market shares, and strategies that are employed by the major market players

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Also, Research Report Examines:

• Competitive companies and manufacturers in global market

• By Product Type, Applications & Growth Factors

• Industry Status and Outlook for Major Applications / End Users / Usage Area

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Editor Details

  • Company:
    • CDN Newswire
Last Updated: 27-Sep-2021