Key Takeaways from Analyst
The U.S. sterile injectables market growth is driven by the rising prevalence of chronic diseases such as cancer, infections and autoimmune diseases that require drug administration through injectables. Biologics and biosimilars are dominating the market and their uptake continue to rise. Furthermore, the complexity of drug molecules is increasing with more specialty drugs entering the pipeline, which will boost the U.S. sterile injectables industry.
The market offers opportunities for contract manufacturing as larger players are outsourcing production to CMOs. Outsourcing injectable production helps optimize manufacturing capacity and focus on core competencies.
The North-Eastern region in the U.S. dominates due to the concentration of pharmaceutical companies while the Western region is witnessing faster growth led by biosimilar uptake in cancer and immune-oncology.
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