Generic Injectable Market by Market Report

Generic Injectable Market Prevalent Opportunities upto 2029 Oct 2020

Report Id : REP-GB-6051 Published On : 20-Feb-2020 Category : Healthcare, Pharmaceuticals & Medical Devices @futuremarketins I /company/future-market-insights

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Generic Injectable Market Analysis Generic injectable drugs are those which have same active ingredient as innovator drug and is equivalent to its innovator drug in dosage form, safety, strength (dose), route of administration, performance, quality, and intended use. Some of the worldâ&#x20AC;&#x2122;s largest manufacturers of sterile generic injectable have been making these drugs for over 80 years. Unlike branded sterile injectable drugs, generic injectable is cost-effective, especially cancer therapies, thus government in the majority of the countries are influencing to adopt generic injectable, in order to control healthcare spending. For instance, the global pharmaceutical industry is experiencing serious pricing issue and cost reduction pressure. e.g. North America pharmaceutical industry is growing at a sluggish rate of below 2% CAGR. A growth rate in Japan and Europe has seen never before decrease in drug prices. This, in turn, is impeding policy changes and encouraging use of generic injectable drugs in these key regions. Globally, a large number of generic drug makers are focusing on plant upgrades for an increase in captive manufacturing of sterile generic injectable drugs. Moreover, infamous regulatory delays in approval of sterile injectable drugs have contributed to the higher inclination towards investments in manufacturing of sterile generic injectable drugs in order to ensure higher quality. The average time period for regulatory approval for sterile drugs is over three to four years, however, that for bioequivalent sterile injectable is around 10-11 months. Faster regulatory approvals, low R&D investment, and the high margin are attracting manufacturers to invest in the generic injectable manufacturing.

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Generic Injectable Market Analysis Generic Injectable Market: Drivers and Restraints The global pharmaceutical industry is toning itself to fundamental changes in the marketplace and looking for new ways to achieve growth. Along with increasing efforts for manufacturing of sterile generic injectable, growing number of prescriptions for generic injectable is pushing the growth of the global generic injectable market. According to GPhA Conference report, 90% of injectable prescriptions in the U.S. in 2015 were for generic injectable, which is primarily driven by unprecedented series of patent expiration. Rapid expansion by key market players is another factor driving the growth of the global generic injectable market. Shortage of branded sterile injectable has further led to the adoption of generic injectable. Due to the complexity of manufacturing and stringency in the process, production of sterile injectable drugs is challenging and. This is causing frequent drug recalls due to safety issues. This can limit the growth of the global generic injectable market.

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Generic Injectable Market Analysis Generic Injectable Market: Segmentation The global generic injectable market has been classified on the basis of product type, indication, distribution channel, and geography. • Based on product type, the global generic injectable market is divided into following: • Monoclonal Antibodies

• Cytokines • Insulin • Vaccines • Others

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Generic Injectable Market Analysis Based on an indication, the global generic injectable market is divided into following: • Diabetes

• Cancer • Cardiovascular Diseases • Infections • Others

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Generic Injectable Market Analysis Based on the disease type, the global generic injectable market is divided into following: • Hospital Pharmacy

• Retail Pharmacy • Drug Stores • Online Prescription Stores

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