Emerging trend in biologic medicine is positively impacting injectable drugs market: According to Goldstein Research, “Rising frequency of chronic illnesses such as cancer, hepatitis infection and diabetes are boosting the demand for injectable drugs across the globe.”
Short approval time by Food and Drug Administration (FDA) for the development of new injectable drugs in cancer treatment is accelerating the growth of global injectable drugs market. Moreover, introduction of advance vaccines such as peptide vaccines and DNA vaccines are also contributing in bringing new business opportunities for injectable drugs in the near future.
The global injectable drugs market is segmented on the basis of product type such as vaccines, insulin, conventional therapeutic and biologics. Among these segments, complex biologics segment occupies maximum revenue share of 42.5% injectable drugs market and is expected to maintain its dominance over the forecast period. Increasing research & development spending in healthcare industry and growing demand for drug solutions for biologics such as rheumatology, gastroenterology and haematology is likely to boost the demand for complex biologics injectable drugs in the near future.
Based on geography, Asia-Pacific is the fastest growing region for injectable drugs market over the forecast period. Asia-Pacific held 20.0% revenue share of global injectable drugs market in 2015. Rising ageing population with increasing number of diabetic patients in countries such as China and India is likely to contribute in the growth of Asia-Pacific injectable drugs market.
Challenging Innovation in Vaccines
Dengue is developing a risk of affecting half of world’s population and it kills more than 21,000 people every year. The biggest challenge is to create a vaccine which can cure all four forms of dengue strains. Researchers are trying to provide an innovative and preventive dengue vaccine. For instance, in 2016, International Centre for Genetic Engineering and Biotechnology (ICGEB) and Sun Pharma collaborated together to provide an injectable vaccine which can cure all four dengue strains. Such collaborations and researches to provide innovative drug solutions for complex and deadly disease are expected to boost the demand of injectable drugs in near future.
“Global Injectable Drugs Market Outlook 2024” contains detailed overview of the global injectable drugs market in terms of market segmentation by product type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global Injectable Drugs Market Report also provides competitive outlook of some of the major players of the global injectable drugs market which includes profiling of companies Pfizer Inc., Johnson & Johnson, Novartis AG, Merck & Co. Inc., . The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global injectable drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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