GENERIC STERILE INJECTABLES MARKET ANALYSIS

Generic Sterile Injectables Market, by Drug Type (Monoclonal Antibodies, Cytokines, Insulin, Peptide Hormones, Vaccines, Immunoglobulins, Blood Factors, Antibiotics, and Others), by Therapeutic Application (Cancer, Metabolic Diseases, Cardiovascular Diseases, Central Nervous System Disease, Infectious Disorders, Musculoskeletal Disorders, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Mar 2024
Code : CMI519
Pages :387
Formats :
Excel and PDF
Industry : Pharmaceutical

Market Challenges And Opportunities

Global Generic Sterile Injectables Market – Restraints

Shortage of sterile injectable is expected to decrease the growth of the global generic sterile injectables market, over the forecast period. Sterile injectables shortage has increased by 200X over the last few years. This is primarily attributed to increasing demand from emerging economies – Asia Pacific and Latin America and limited production capacity of the plants. Supply side factors include physical constraints due to remarkably high standards in the chain of production and in the distribution of the products which are potentially very dangerous.

For instance, according to the Bloomberg Data published in August 2016, the top three manufacturers of generic sterile injectables including Pfizer, Sagent, and Hikma accounted for nearly 70% of the global volume as per the analysis of prescription data from Symphony Health. The shortages faced in the industry are primarily due to increased manufacturing issues, delay in supply, and shortage of API. There have been an exponential rise in the number of warnings to manufacturing faculties by the U.S. FDA, especially in India, which is among the largest generic manufacturers globally. This has led to shortage of generic sterile injectables in the global market.