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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Middle East and Africa Generic Injectables Market Size
The Middle East and Africa generic injectables market was valued at USD 0.9 billion in 2023, driven by the growing demand for cost-effective healthcare solutions and growth in local generic manufacturing capabilities in the region. The market is expected to grow at a CAGR of 7.80% during the forecast period of 2024-2032, with the values likely to rise from USD 1 billion in 2024 to USD 1.9 billion by 2032.
Middle East and Africa Generic Injectables Market Outlook
- The Middle Eastern and African countries are heavily investing in the healthcare and pharmaceutical sectors which directly impacts the production of low-cost generic injectable products.
- The rising innovations in formulations of faster-acting injectable generics in oncology and specialty therapeutic areas are poised to fuel the Middle East and Africa generic injectables market demand.
- One of the major market trends is the increase in public-private partnerships to accelerate the availability of affordable generic injectables in low-income countries.
Middle East and Africa Generic Injectables Market Report Snapshots
Middle East and Africa Generic Injectables Market Size
Middle East and Africa Generic Injectables Market Analysis
Middle East and Africa 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 0.9 billion in 2023 driven by the growth in local generic manufacturing capabilities in the region.
The market is anticipated to grow at a CAGR of 7.80% during the forecast period of 2024-2032, likely to reach a market value of USD 1.9 billion by 2032.
The rising investment in healthcare infrastructure and the growing healthcare needs are fuelling the demand for the market.
One of the significant trends in the market is the increase in public-private partnerships to accelerate the availability of affordable generic injectables in low-income countries. In July 2022, GSK plc announced one such strategic partnership with the Medicines Patent Pool to accelerate access to new HIV therapies in poor countries, with the introduction of its generic injectables expected by 2026.
Based on the product type, the market is segmented into large molecule injectables and small molecule injectables.
Container types available in the market include vials, premix, prefilled syringes, and ampoules, among others.
Major applications 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 Saudi Arabia, the United Arab Emirates, Nigeria, and South Africa, among others.
The key players in the market are Pfizer Inc., Baxter, Hikma Pharmaceuticals PLC, Dr. Reddy’s Laboratories Ltd., Viatris Inc., and Sanofi.
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