Generic Injectables Market Research Report 2024: Global Market to Reach $2.6.8 Billion by 2030, Fueled by Increased Focus on Biologics and Biosimilar Injectable Products

Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) — The “Generic Injectables – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Generic Injectables was estimated at US$95.2 Billion in 2023 and is projected to reach US$206.8 Billion by 2030, growing at a CAGR of 11.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

One of the primary drivers is the increasing incidence of chronic diseases globally, which has led to a heightened demand for injectable therapies. Conditions such as diabetes, cancer, cardiovascular diseases, and autoimmune disorders often require long-term or rapid-response treatments, and injectables are a preferred delivery method in these cases due to their fast-acting nature. As chronic diseases rise, especially in aging populations, the demand for affordable injectable medications continues to grow.

Another significant driver is the advancement in biologics and biosimilars, which has expanded the range of complex injectables available in the market. As more biologic patents expire, opportunities for the introduction of biosimilar injectables increase, providing a lower-cost alternative to expensive branded biologics. Moreover, technological innovations in drug delivery systems, such as the development of prefilled syringes and autoinjectors, have made injectables more accessible to patients.

These innovations support the trend towards home-based care and self-administration, reducing the burden on healthcare facilities. The global shift towards cost-effective healthcare solutions, combined with government initiatives to increase the use of generics, has further boosted the demand for generic injectables.

Why Are Generic Injectables Gaining Such Immense Popularity Across the Globe?

Generic injectables have emerged as a vital component of modern healthcare systems, offering cost-effective alternatives to branded drugs while maintaining the same efficacy and safety standards. With the increasing burden of chronic diseases like cancer, cardiovascular disorders, and diabetes, the demand for injectables has soared, particularly for treatments requiring quick, potent delivery. Generic injectables, being lower-priced versions of branded injectables, allow healthcare systems to treat more patients efficiently without compromising quality. Hospitals, clinics, and emergency care centers have increasingly integrated these generics into their treatment protocols to manage both acute and chronic conditions. The ability to quickly administer life-saving drugs, particularly in critical care settings, has made generic injectables indispensable, with their global demand continuing to grow year on year.

Furthermore, advancements in drug delivery systems, including prefilled syringes and ready-to-use vials, have bolstered the adoption of generic injectables across various healthcare settings. Prefilled syringes and other single-use formats provide an extra layer of safety by minimizing contamination risks and ensuring accurate dosing.

With their increasing availability in oncology, anesthesia, anti-infective drugs, and immunotherapy, the role of generic injectables in both treatment and prevention is expanding. Their ability to provide cost savings to healthcare providers while ensuring that patient outcomes are not compromised is a major reason for their accelerated adoption.

What Role Do Technological Innovations Play in Expanding the Generic Injectables Market?

Technological advancements have played a transformative role in driving the growth of the generic injectables market. Improvements in manufacturing technologies, such as continuous production and advanced sterilization processes, have increased the efficiency and scalability of generic injectables production. These innovations have reduced manufacturing costs while ensuring that production meets stringent regulatory standards. Additionally, advancements in biotechnology have enabled the development of complex generic injectables, including biosimilars, which are increasingly used to treat autoimmune diseases and various cancers. The growing use of biologics in modern medicine has opened up new opportunities for generic injectables manufacturers to provide lower-cost alternatives in this high-demand segment.

The rise of automation and robotics in injectable production is also a critical factor. Automated systems improve precision in production, reduce human errors, and streamline the manufacturing process, making it easier for pharmaceutical companies to meet global demand. Furthermore, advances in packaging technologies, such as prefilled syringes and autoinjectors, make injectables more user-friendly, facilitating home care administration and reducing hospital visits. As healthcare shifts towards more patient-centered models, the development of self-administrable injectables is gaining traction, contributing to the expansion of the market.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Generic Injectables Market such as American Regent, Inc., Ascendia Pharmaceuticals, Aurobindo Pharma Ltd., Baxter International, Inc., Biocon Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Vials segment, which is expected to reach US$109.9 Billion by 2030 with a CAGR of a 12.7%. The Ampoules segment is also set to grow at 11.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $20.0 Billion in 2023, and China, forecasted to grow at an impressive 15.0% CAGR to reach $43.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Attributes:

Key Topics Covered:

MARKET OVERVIEW

• Efficacy and Cost Benefits Continue to Drive Growth in Global Generic Injectables Market
• Global Economic Outlook
• Generic Injectables – Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
• Generic Injectables: Product Overview
• Recent Market Activity
• Influencer/Product/Technology Insights

MARKET TRENDS & DRIVERS

• A Look into Growing Shift Towards Injectables
• Complex Injectables and Small-Volume Parenterals: A Challenging but High-Value Market
• Upcoming Patent Expirations of Key Branded Injectable Drugs Throw the Spotlight on Generics as a Cost-Effective Alternative, Opening Up New Market Opportunities
• Increasing Demand for Cost-Effective Healthcare Solutions Propels Significant Growth in the Generic Injectables Market
• Regulatory Incentives and Fast-Track Approvals for Biosimilars Strengthen the Business Case for Expanding Generic Injectable Offerings
• Expanding Geriatric Population and Rising Incidence of Age-Related Diseases Drive Strong Adoption of Generic Injectable Medications
• Technological Advancements in Injectable Drug Delivery Systems, Including Prefilled Syringes and Auto-Injectors, Sustain Long-Term Growth of Generic Injectables
• Surge in the Prevalence of Chronic Diseases, Such as Diabetes and Cardiovascular Disorders, Spurs Increased Demand for Generic Injectable Treatment Options
• Rise in Incidence of Cancer and Associated High Treatment Costs Drives Demand for Generic Injectable Treatments
• Growing Availability of Complex Biologics and Biosimilars Expands the Addressable Market Opportunity for Generic Injectables, Increasing Market Penetration
• Growing Preference for Home-Based Healthcare Services and Self-Administration Drives Demand for Generic Injectable Auto-Injectors and Other Patient-Friendly Solutions
• Rise of Infectious Diseases Drive Demand for Injectables
• Long-Term Mental Health Management Drives Growth Prospects
• Rising Demand for Affordable Alternatives to Branded Injectable Drugs
• Growth in Healthcare Expenditure Driving Demand for Cost-Effective Treatments
• Increasing Adoption of Generic Injectables in Hospitals and Ambulatory Settings
• Expansion of Generic Injectable Offerings in Oncology and Chronic Disease Management
• Surge in Demand for Injectable Antibiotics and Critical Care Medications
• Technological Advancements in Injectable Formulations for Improved Efficacy
• Growth in Outsourcing Injectable Manufacturing to Reduce Production Costs
• Expansion of Generic Injectables in Emerging Markets with Expanding Healthcare Access
• Increased Focus on Biologics and Biosimilar Injectable Products
• Rising Adoption of Pre-Filled Syringes and Auto-Injectors in Drug Delivery
• Development of Generic Injectables to Address Supply Shortages of Critical Medications
• Growth in Research and Development of Complex Injectables

FOCUS ON SELECT PLAYERS:Some of the 43 companies featured in this Global Generic Injectables market report include

• American Regent, Inc.
• Ascendia Pharmaceuticals
• Aurobindo Pharma Ltd.
• Baxter International, Inc.
• Biocon Ltd.
• Biological E. Ltd.
• Bristol-Myers Squibb Company
• Cipla Ltd.
• Cosette Pharmaceuticals, Inc.
• Dr. Reddy’s Laboratories Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/itan4c

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• Generic Injectables Market