This Generic Injectable market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Generic Injectable market.
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
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Generic Injectable Market: Segmentation
The global generic injectable market has been classified on the basis of product type, indication, distribution channel, and geography.
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.
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.
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Based on product type, the global generic injectable market is divided into following:
- Monoclonal Antibodies
Based on an indication, the global generic injectable market is divided into following:
- Cardiovascular Diseases
Based on the disease type, the global generic injectable market is divided into following:
- Hospital Pharmacy
- Retail Pharmacy
- Drug Stores
- Online Prescription Stores
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- 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)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
- 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