The Lyophilized Injectable Drugs Global Market Report 2023, provides comprehensive information on the lyophilized injectable drugs market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global lyophilized injectable drugs market size is expected to grow from $3.71 billion in 2022 to $3.82 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of lyophilized injectable drugs market is expected to reach $4.3 billion in 2027 at a CAGR of 3%.
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Product innovation is a key trend gaining popularity in the lyophilized injectable drug market. Major companies operating in the lyophilized injectable drug market is focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2020, Cipla Limited, an Indian-based pharmaceutical company, launched Cipremi (remdesivir lyophilized powder for injection, 100 mg). It is the only FDA-approved emergency treatment drug for adult and pediatric patients hospitalized with a suspected or laboratory-confirmed COVID-19 infection.
The lyophilized injectable drugs market is segmented:
1) By Packaging Type: Specialty Packaging, Point-Of-Care Reconstitution, Single-Use Vials, Other Packaging Types.
2) By Type of Delivery: Single-Step Devices, Multi-Step Devices, Prefilled Diluent Syringes, Proprietary Reconstitution Devices.
3) By Indication: Infectious Diseases, Autoimmune Diseases, Metabolic Conditions, Other Indications.
4) By End-User: Hospitals, Ambulatory Surgery Centers (ASCs), Specialty Clinics, Other End-Users.
North America was the largest region in the lyophilized injectable drugs market in 2022.
The table of contents in TBRC’s lyophilized injectable drugs market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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