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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Generic Injectables Market Analysis
Generic injectables offer less expensive alternatives to branded medications with similar efficacy and safety profile. Compared to oral drugs, generic injectables are administered intravenously or intramuscularly, providing a faster therapeutic effect as they enter the bloodstream directly, resulting in quicker absorption and rapid onset of action. Factors such as shorter and cheaper research and development (R&D) cycles along with faster approvals of generic medications are influencing the global generic injectables market landscape. Besides increased regulatory support and favorable government policies encouraging the use of generics to reduce healthcare costs, the rising innovations in drug delivery systems such as advanced formulations and prefilled syringes are a significant driver of the Asia Pacific generic injectables market growth.
The market is witnessing increased demand for more affordable treatment options, including generic injectables, owing to the rise in chronic health issues in the Asia Pacific region. Recent data reveals that Asia accounts for an alarming 45% of all global breast cancer cases and almost 58% of cervical cancer mortality globally, with the cases of both cancers projected to rise in the Asia Pacific countries faster than the rest of the world. This surge in the burden of cancer and other chronic diseases is poised to augment the demand for cost-effective healthcare solutions, thereby fuelling the Asia Pacific generic injectables market demand.
One of the major market trends is the rising investments in the generic injectables sector. For instance, in June 2023, RK Pharma Inc., a generic pharmaceutical company specializing in complex injectables received an investment of USD 200 million from a leading Asia-Pacific-based investment firm PAG. The investment was intended to accelerate its growth plans and develop further innovative medicines, as well as strengthen its position as a leading fully vertically integrated specialty injectable pharmaceutical company. Such substantial investment initiatives are likely to boost the market share for new and advanced generic injectables.
Asia Pacific Generic Injectables Market Report Snapshots
Asia Pacific Generic Injectables Market Size
Asia Pacific Generic Injectables Market Analysis
Asia Pacific Generic Injectables Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 7.5 billion in 2023 driven by the rising prevalence of chronic diseases in the region.
The market is anticipated to grow at a CAGR of 8.30% during the forecast period of 2024-2032, likely to reach a market value of USD 15.3 billion by 2032.
The growing geriatric population and increasing innovations in drug delivery systems are fuelling the demand for the market.
One of the significant trends in the market is increasing investment in the generic injectables sector. In June 2023, RK Pharma Inc., received an investment of USD 200 million from a leading Asia-Pacific-based investment firm to strengthen its position as a leading specialty injectable pharmaceutical company.
Based on the product type, the market is broadly segmented into large molecule injectables and small molecule injectables. Large molecule injectables are further divided into monoclonal antibodies (mAbs), and insulin, among others.
Container types available in the market include vials, premix, prefilled syringes, and ampoules, among others.
Major applications of the generic injectables include oncology, cardiovascular, CNS, infectious diseases, and autoimmune disorders, among others.
The market breakup by route of administration includes intravenous, intramuscular, and subcutaneous, among others.
Distribution channels of the market are hospitals and retail pharmacies, among others.
The market segmentation by countries includes China, Japan, India, ASEAN, and Australia, among others.
The key players in the market are Pfizer Inc., Baxter, Novartis Pharmaceuticals Corporation, Fresenius SE & Co. KGaA, Endo, Inc., Dr. Reddy’s Laboratories Ltd., Viatris Inc., Biocon, Sanofi, Lupin, Aurobindo Pharma Limited, and Sun Pharmaceutical Industries Ltd.
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