According to the latest market report published by Credence Research, Inc. “Sterile Injectables Market — 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%.
Market Insights:
Injectables are administered into the bloodstream 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 the digestive system. The prolonged effect of injectables with the lower dosage and increasing bioavailability has also contributed to the rise in demand for sterile injectables.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/sterile-injectables-market
Harboring 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 costs and stringent guidelines regarding the quality, safety, and efficacy of the products have a negative effect on the growth of the 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, a monoclonal antibody is estimated to be the leading segment as a result of the 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 the 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. The Asia Pacific is predicted to witness the fastest growth as a result of growing consumer awareness, emerging market players and developing healthcare infrastructure.
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List of Companies Covered:
- Amgen Limited
- AstraZeneca plc.
- Baxter International, Inc.
- Eli Lilly and Company
- Johnson & Johnson Services, Inc.
- Merck & Co., Inc.,
- Mylan N.V.
- Nichi-Iko Pharmaceutical Co.
- Novartis AG
- Pfizer, Inc.
- Sanofi
Market Segmentation:
By Therapeutic Area Types
- Cancer
- Infectious Diseases
- Diabetes
- Cardiovascular Diseases
- Neurological Diseases
- Musculoskeletal Diseases
- Others
By Drug Types
- Monoclonal Antibodies
- Cytokines
- Insulin
- Immunoglobulin
- Vaccines
- Peptide Hormones
- Peptide Antibiotics
- Blood Factors
- Other Drugs
By Geography Segment Type
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58818
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