U.S. Sterile Injectables Market
U.S. sterile injectables market is estimated to be valued at USD 155.46 Bn in 2024 and is expected to exhibit a CAGR of 9.6% during the forecast period (2024-2031). Sterile injectables refer to parenteral drugs that are administered via various injection routes such as intravenous, intramuscular, subcutaneous, and others in their final sterile form for healing or preventing medical conditions. The rising prevalence of chronic diseases like cancer, diabetes, autoimmune disorders, and others and the increasing complexity of therapies have augmented the demand for sterile injectable drugs in the country. Moreover, the growing geriatric population who are more susceptible to such conditions also contributes to market expansion. Several pharmaceutical companies have been actively developing generic sterile injectable drugs to cater to this growing therapeutic segment in a cost-effective manner.
Market Dynamics:
The U.S. sterile injectables market is driven by factors such as the rising burden of chronic diseases, increasing adoption of biologics and biosimilars, growing healthcare spending, and expansion of drug manufacturing capabilities. However, the market growth can be hindered by stringent regulatory frameworks and the complex nature of sterile product development. Pharmaceutical firms now have significant opportunities to reduce production costs, improve process efficiencies, and ensure drug quality through advanced manufacturing technologies like continuous manufacturing and real-time release. Outsourcing sterile injectable production to well-established contract development and manufacturing organizations is also gaining traction.
Key Features of the Study:
- This report provides in-depth analysis of the U.S. sterile injectables market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- Key companies covered as a part of this study include Baxter, AstraZeneca, Merck & Co., Inc., Novartis AG, Gilead Sciences, Inc., JHP Pharmaceuticals, Pfizer Inc., Fresenius Kabi Ag, CordenPharma, Recipharm AB, Hikma Pharmaceuticals PLC, and Eli Lilly and Company
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The U.S. sterile injectables market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation:
Market Segmentation:
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