Overview and Scope
Generic injectables are drugs or sterile injectables that are bioequivalent in terms of dosage, potency, performance, intended use, adverse effects, and route of administration to branded injectables. These injectables demonstrate bioequivalence, which signifies that a generic medicine operates in the same way as a brand-name medicine and delivers the same therapeutic benefit.
Sizing and Forecast
The generic injectables market size has grown rapidly in recent years. It will grow from $109.42 billion in 2023 to $125.97 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to cost-effectiveness, patent expirations, healthcare access initiatives, market competition, global pharmaceutical trends..
The generic injectables market size is expected to see rapid growth in the next few years. It will grow to $209.47 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing aging population, strategic alliances, regulatory changes, rising healthcare awareness, market innovation.. Major trends in the forecast period include focus on quality and regulatory compliance, adoption of the 505(b)(2) regulatory pathway, development of novel drug delivery technologies, collaborations and partnerships in the industry, increased focus on specialty injectable therapies..
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Segmentation & Regional Insights
The generic injectables market covered in this report is segmented –
1) By Product Type: Monoclonal Antibodies, Cytokines, Insulin, Vaccines, Other Products
2) By Container Type: Vials, Ampoules, Premix, Prefilled Syringes, Other Containers
3) By Route Of Administration: Intravenous, Intramuscular, Subcutaneous, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Drug Stores, Online Prescription Stores
5) By Application: Oncology, Diabetes , Infectious Diseases , Blood Disorders , Musculoskeletal Disorders , Hormonal Disorders , Pain Management , CNS Diseases , Cardiovascular Diseases
North America was the largest region in the generic injectable market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generic injectables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising prevalence of cancer and cardiovascular diseases is expected to propel the growth of the generic injectable market going forward. Cardiovascular diseases refer to a group of disorders of the heart and blood vessels, and cancer is a disease in which some of the body’s cells grow uncontrollably and spread to other parts of the body. Generic injectables are used in cancer and cardiac diseases to offer similar pharmaceutical equivalence or bioequivalence to brand-drugs and enhanced drug availability and accessibility to provide more affordable treatment. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by noncommunicable diseases (NCDs) or chronic diseases every year globally were 17.9 million deaths are from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths are from diabetes. Therefore, the rising prevalence of cancer and cardiovascular diseases is driving the growth of the generic injectable market.
Key Industry Players
Major companies operating in the generic injectables market report are Baxter International Inc., Sanofi SA, AstraZeneca plc., Fresenius Medical Care AG & Co. KGaA, Johnson & Johnson, Merck & Co. Inc., Biocon Limited, Lupin Limited, Dr. Reddy’s Laboratories Ltd., Teva Pharmaceutical Industries Ltd., Cipla Limited, Aurobindo Pharma Limited, Samsung Biologics Co. Ltd., Piramal Pharma Limited, Amgen Inc., Bristol-Myers Squibb Company, Pfizer Inc., Hikma Pharmaceuticals PLC, Par Pharmaceutical, Pharmascience Inc., SAGENT Pharmaceuticals, AmerisourceBergen Corporation, Hospira Inc., Sandoz International GmbH, Singota Solutions Inc., MVASI Bevacizumab-awwb Syringes, Mylan N.V., Sun Pharmaceutical Industries Ltd., Perrigo Company plc, Endo International plc, Akorn Pharmaceuticals Inc., Wockhardt Limited
The generic injectables market report table of contents includes:
1. Executive Summary
2. Generic Injectables Market Characteristics
3. Generic Injectables Market Trends And Strategies
4. Generic Injectables Market – Macro Economic Scenario
5. Global Generic Injectables Market Size and Growth
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31. Global Generic Injectables Market Competitive Benchmarking
32. Global Generic Injectables Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Generic Injectables Market
34. Generic Injectables Market Future Outlook and Potential Analysis
35. Appendix
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