Generic Injectables Market Worth $150.65Bn, Globally, by 2028 at 10.5% CAGR - Exclusive Report by The Insight Partners

The generic injectables market is projected to reach $150.65 billion by 2028 from $74.74 billion in 2021; it is expected to register a CAGR of 10.5% from 2021 to 2028.

Pune, INDIA


New York, March 25, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Generic Injectables Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Large Molecule Injectables and Small Molecule Injectables), Container Type (Vials, Premix, Prefilled Syringes, Ampoules, and Others), Application (Oncology, Infectious Diseases, Cardiology, Diabetes, Immunology, and Others), and Route of Administration (Intravenous, Intramuscular, Subcutaneous, and Others), and Geography”, the global generic injectables market growth is driven by low R&D, marketing, and manufacturing costs, the rising prevalence of chronic illness cases and high demand for affordable drugs. However, critical inspection systems for prefilled injection and supply chain-related challenges hinder the market growth.


Get Exclusive Sample Pages of Generic Injectables Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at https://www.theinsightpartners.com/sample/TIPRE00004765/



Report Coverage Details
Market Size Value in US$ 74.74 billion in 2021
Market Size Value by US$ 150.65 billion by 2028
Growth rate CAGR of 10.5% from 2021 to 2028
Forecast Period 2021- 2028
Base Year 2021
No. of Pages 217
No. Tables 110
No. of Charts & Figures 81
Historical data available Yes
Segments covered Type, Container Type, Application, and Route of Administration, and Geography
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends



Generic Injectables Market: Competitive Landscape and Key Developments
AstraZeneca; Baxter International Inc.; Biocon; Fresenius SE & Co. KGaA; GlaxoSmithKline plc; Hikma Pharmaceuticals PLC; Johnson and Johnson Services, Inc.; Lupin; Merck & Co., Inc.; Viatris Inc.; Pfizer Inc. are among the leading companies in the generic injectables market. The market is anticipated to flourish with the development of new innovative products by market players.


In January 2022, Hikma Pharmaceuticals launched Hikma 503B, a new outsourced sterile compounding business. The unit would focus on providing high-quality, ready-to-administer injectables, customized medications for the US market.


Inquiry Before Buying: https://www.theinsightpartners.com/inquiry/TIPRE00004765/


In March 2022, Midatech Pharma, a drug delivery technology business focused on bio delivery and biodistribution of pharmaceuticals, announced the extension of its R&D collaboration with Johnson & Johnson’s Janssen Pharmaceuticals; the company began this collaboration in July 2020.


Asia Pacific is the largest market for generic injectables, and China holds the largest share of the regional market, followed by India. The generic injectables market growth in China is ascribed to the increasing adoption of advanced technologies, coupled with the rising population, and the enactment of favorable government regulations. According to National Health Commission (NHC), China has been relying largely on generic medicines; out of ~170,000 drug approvals issued by the China FDA, over 95% of are generics.


Generic injectables are as safe and effective as innovator molecules because they are bioequivalent to their branded counterparts, but they are not patented for many reasons. These medications can be produced for commercial usage only after the patent expiration of the branded drug. As the drug molecules are similar in branded and generic formulation, no or minimal R&D cost is associated with generic injectables. The low upfront R&D costs allow drug manufacturers to sell generic injectables at prices. As stated by the US FDA, a single generic competitor can lead to price reductions of 30%, while five generics competing could lead to price drops of ~85%. Additionally, generic injectables saved US$ 2.2 trillion for the US healthcare system during 2009–2019. As mentioned in a report by Congressional Budget Office, the pharmaceutical industry spent US$ 83 billion on R&D in 2019. However, with generic injectables, the repetition of clinical studies is not required to demonstrate their effectiveness and safety, which contributes to their low prices.


Speak to Research Analyst: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00004765


Further, the approval process of generic medicines is faster than branded ones. As reported by the United States Food and Drug Administration (USFDA), in 2019, 107 first generic drugs and 110 complex generic drugs were approved, totaling 11% of the generic drug product approvals. Overall, in 2019, the generic drug program approved or tentatively approved 1,014 generic drug applications. Additionally, the development of a new chemical entity takes almost a decade on average, which is bypassed in the development of generic injectables. Thus, the low cost associated with generic injectables is one of the major factors attracting new players to enter the market and driving the generic injectables market.


Generic Injectables Market: Segmental Overview

Product Type-Based Insights
The generic injectables market, based on product type, has been bifurcated into large molecule injectables and small molecule injectables. The large molecule injectable segment held a larger generic injectables market share in 2021. However, the small molecule injectable segment is expected to register a higher CAGR in the generic injectables market during 2021–2028.


Container Type-Based Insights
The generic injectables market, based on container type, is segmented into vials, premix, prefilled syringes, ampoules, and others. The vials segment held the largest generic injectables market share in 2021 and is anticipated to continue to be the largest shareholder in 2028.


Application-Based Insights
The generic injectables market, by application, is segmented into oncology, infectious diseases, cardiology, diabetes, immunology, and others. In 2021, the oncology segment held the largest share of the market. However, the generic injectables market for the diabetes segment is expected to grow at the fastest CAGR during 2021–2028.


Buy Premium Copy of Generic Injectables Market Size, Share, Revenue, Strategic Insights and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00004765/


Route of Administration-Based Insights
The generic injectables market, by the route of administration, is segmented into intravenous, intramuscular, subcutaneous, and others. In 2021, the intravenous segment held the largest share of the market. However, the intramuscular segment is expected to register the highest CAGR in the generic injectables market from 2021 to 2028.







Browse Adjoining Reports:
Generic Drugs Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Product Type ( Biosimilars, Super Generic and Simple Generic ); Application ( Anti-Infective Drugs, Anti-Arthritis Drugs, Anti-Cancer Drugs, Central Nervous System Drugs, Cardiovascular Drugs, Respiratory Drugs and Other Applications ); Distribution Channel ( Hospitals, Pharmacies, Private Clinics and Other Distribution Channels )

Generic Oncology Drugs Market to 2027 - Global Analysis and Forecasts by Molecular Type (Large Molecule, Small Molecule); Indication (Lung Cancer, Stomach Cancer, Colorectal Cancer, Breast Cancer, Prostate Cancer, Liver Cancer, Kidney Cancer, Cervical Cancer, Others), and Geography

Remicade Drug Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type ( Branded Drugs, Generic Drugs ); Application ( Crohn's Disease, Pediatric Crohn's Disease, Ulcerative Colitis, Pediatric Ulcerative Colitis, Other )

Simply Drug Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Brand Drug, Generic Drug); Distribution Channel (Hospital, Drug Store) and Geography

Medicine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Brand Drugs, Generic Drugs); End User (Hospital, Clinic, Other) and Geography

Carbetocin Injection Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Original Drug, Generic Drug); End-user (Hospitals, Clinics, Other) and Geography

Generic Hematology Analyzers And Reagents Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Hematology Analysers, Hemostasis Analysers, Plasma Protein Analysers, Hemoglobin Analysers, Others); Application (Anemia, Blood Cancers, Hemorrhagic Conditions, Infection Related Conditions, Immune System Related Conditions, Others); End User (Hospitals, Clinical Laboratories, Nursing Homes)

Peptide Therapeutics Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Generic and Innovative), Route of Administration (Parenteral, Oral, Mucosal, Pulmonary, and Others), Synthesis Technology (Solid Phase Peptide Synthesis (SPPS), Liquid Phase Peptide Synthesis (LPPS), and Hybrid Technology), and Application (Cancer, Cardiovascular Disorder, Metabolic Disorder, Respiratory Disorder, Pain, and Dermatology), and Geography






About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/generic-injectables-market