Generic Injectables Market to Expand at a CAGR of 5% during Forecast Period, notes TMR Study

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Oct 04, 2022, 12:00 ET

In order to diversify their revenue streams, market players are expanding their R&D activities to come up with treatments for cardiological illnesses and cancer
Based on product type, in 2020, the category of large molecule injectables represented a significant part of the global generic injectables market.

WILMINGTON, Del. , Oct. 4, 2022 /PRNewswire/ -- By 2031, the value of global generic injectables market is estimated to surpass valuation of US$ 307.7 Bn. The demand analysis of generic injectables market anticipate the market to register growth at 12.3% CAGR during the forecast period, from 2021 to 2031. By keeping robust supply chains to guard against vulnerabilities brought on by future COVID-19-like circumstances, companies in the generic injectables market are preparing for the future. Drug companies, including Zydus Cadila, have been noted to dramatically lower the cost of Remdac, their Remdesivir generic. Companies are utilizing government initiatives and financial incentives provided by the BFSI industry to simplify their operations in response to the unstable market conditions.

Specialty generic injectables that come in glass vial packaging are becoming more and more popular, thereby driving sales of generic injectables market. Express Pharma, working in collaboration with West Pharma, held a webinar to help participants better understand the reasons why young generic injectable producers require flexibility and ease of use when it comes to drug delivery as well as containment.

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For the management of severe hypoglycemia that is expected to develop in people who have diabetes mellitus, the U.S. FDA has authorized the first generic version of glucagon for injection USP. The medication can be used as a diagnostic tool during radiologic examinations of colon, small bowel, stomach, duodenum, in situations where slowed intestinal motility will be helpful. Such innovations are expected to drive favorable generic injectables market outlook.

Key Findings of Market Report

Compared to other main package types, syringes are amongst the trickiest items to examine and need special handling procedures. In order to handle syringes gently and prevent glass-to-glass contact, participants in the generic injectables market are expected to use advanced inspection systems, which are emerging trends of generic injectables market. This will reduce the risk of fractures or breakage. These developments are likely to trigger expansion of the global generic injectables market

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Global Generic Injectables Market: Key Players

Some of the key market players are

Johnson & Johnson Services, Inc.
Fresenius SE & Co. KGaA
Teva Pharmaceutical Industries Ltd.
Novartis AG
Hikma Pharmaceuticals plc
Sun Pharmaceutical Industries Ltd.

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Global Generic Injectables Market: Segmentation

Product Type

Large Molecule Injectables
Small Molecule Injectables

Application

Oncology
Infectious Diseases
Cardiology
Diabetes
Immunology
Others

Container Type

Vials
Premix
Prefilled Syringes
Ampoules
Others

Route of Administration

Intravenous
Intramuscular
Subcutaneous
Others

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