Growing demand for prompt and effective treatment for chronic diseases along with constant innovation in generic injectable drives the market sales.
Future Market Insights, Dubai: The global generic injectable market is anticipated to grow at 11.6 % CAGR by the end of 2031. Expiration of branded product patents fueled the development of generic injectables and influenced the market growth.
Increase in chronic and lifestyle based diseases such as obesity and high blood pressure across the world has surged the medical and treatment cost of the diseases. Growing government assistance towards development of generic medication will boost the market sales, finds ESOMAR-certified consulting firm Future Market Insights in this study.
According to World Health Organization [WHO], Number of diabetic patients across the globe is anticipated to increase to 422 Million in 2030. With surge in demand for intramuscular delivery of insulin and growing inclination towards injectable drug delivery, promising growth is on the cards for the market.
“Consistent research towards scaling of biologics and its integration with conventional injectable market along with demand for broad range of products will positively influence market growth,” remarks the FMI analyst.
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Key Takeaways
Prominent Drivers
Key Restraints
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Competitive Landscape
Their main area of focus for the market players is performing merger, acquisition and strategic collaboration to expand their market foothold. They are also employing aggressive marketing techniques and promotional activities to increase brand awareness in prescription market.
For instance:
Some of the leading companies operating in the market are:
More Insights on FMI’s Generic injectable Market
The latest market study on global generic injectable market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of various segments. These are:
Product type
Molecule Type
Application
Route of Administration
Distribution channel
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