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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
North America Generic Injectables Market Size
The North America generic injectables market was valued at USD 33 billion in 2023, driven by the increasing prevalence of chronic diseases and the rising approval of generic injectables in the region. The market is expected to grow at a CAGR of 7.60% during the forecast period of 2024-2032, with the values likely to rise from USD 35.6 billion in 2024 to USD 64 billion by 2032.
North America Generic Injectables Market Outlook
- The American Cancer Society’s annual cancer statistics report estimated that new cancer cases will surpass 2 million in the United States in 2024. The increasing burden of cancer and other chronic diseases along with the growing geriatric population are a significant growth driver for this market.
- One of the major North America generic injectables market trends is the surge in drug approvals of generic injectables by the health regulatory bodies. For instance, in May 2024, the FDA approved Gland Pharma Limited’s generic Edaravone injection indicated for amyotrophic lateral sclerosis.
- Several branded injectables are facing patent expiration which allows the entry of generic versions. The market share is also influenced by the rising advancements in the manufacturing processes of generic injectables.
North America Generic Injectables Market Report Snapshots
North America Generic Injectables Market Size
North America Generic Injectables Market Analysis
North America 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 33 billion in 2024 driven by the rising prevalence of chronic diseases in the region.
The market is anticipated to grow at a CAGR of 7.60% during the forecast period of 2025-2034, likely to reach a market value of USD 64 billion by 2034.
The increasing healthcare needs and the growing geriatric population are fuelling the demand for the market.
One of the significant trends in the market is the surge in drug approvals of generic injectables. For instance, in May 2024, the FDA approved Gland Pharma Limited’s generic Edaravone injection indicated for amyotrophic lateral sclerosis.
Based on the product type, the market is broadly segmented into large molecule injectables and small molecule injectables. Large molecule injectables are 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 the United States of America and Canada.
The key players in the market are Pfizer Inc., Teva Pharmaceutical Industries Ltd., Baxter, Novartis Pharmaceuticals Corporation, Fresenius SE & Co. KGaA, Endo, Inc., Hikma Pharmaceuticals PLC, Dr. Reddy’s Laboratories Ltd., Sagent Pharmaceuticals, Viatris Inc. (Mylan N.V.), Biocon, Sanofi, Lupin, and Aurobindo Pharma Limited.
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