As per the latest report published by Credence Research, Inc. “Sterile Injectables Market (Drug Type: Monoclonal Antibodies, Cytokines, Insulin, Immunoglobulin, Vaccines, Peptide Hormones, Peptide Antibiotics, Blood Factors and Others; Therapeutic Area: Cancer, Infectious Diseases, Diabetes, Cardiovascular Diseases, Neurological Diseases, Musculoskeletal Diseases and Others)- Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global sterile injectables market was evaluated at US$ 324.1 Bn in 2016, expanding at a CAGR of 7.1%.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Injectables are administered into the blood stream to ensure rapid recovery, convenience to patients and reduced complications. Sterile injectables are preferred in medical treatment due to its rapid mode of action, simple administration approach and non-interference with digestive system. The prolonged effect of injectables with lower dosage and increasing bioavailability has also contributed to rise in demand for sterile injectables.
Harbouring innovations in new product development with advanced technologies resulting in improved drug delivery techniques, emerging preference of usage of biologics and their swift adoption among healthcare professionals have driven the sterile injectables market. However, high operational cost and stringent guidelines regarding to the quality, safety and efficacy of the products have a negative effect on the growth of sterile injectables market. Increasing focus on merger and acquisition activities of major players with a view to improved commercialization and expanding R&D expenditure are further driving the sterile injectables market.
On the basis of drug type, monoclonal antibody is estimated to be the leading segment as a result of increasing prevalence of cancer, respiratory diseases like asthma, infectious diseases and autoimmune diseases like rheumatoid arthritis and its effective therapeutic effect. Out of all the therapeutic areas of sterile injectables, cancer and infectious diseases are considered to hold the largest share due to increasing cases across the globe consequent of improved clinical outcomes.
Geographically, in the year 2016, North America spearheaded the sterile injectables market with a steady growth due to growing prevalence of chronic disorders, developed healthcare infrastructure, adoption of advanced technology, growing health awareness among patients, presence of key manufacturers and destination of outsourcing of sterile injectables. Europe is anticipated to be largely driven by improved product development and increasing demand and growing focus on contract manufacturing. Asia Pacific is predicted to witness the fastest growth as a result of growing consumer awareness, emerging market players and developing healthcare infrastructure.
The sterile injectables market presently comprises various companies having their products marketed. The key industry players include Pfizer Inc., Mylan N.V, Baxter International Inc., Merck & Co., Inc., Novartis AG, Johnson & Johnson Services, Inc., Amgen Limited, Nichi-Iko Pharmaceutical Co., Sanofi, Eli Lilly, AstraZeneca plc., and Company and other notable players.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Sterile Injectables contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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