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US Generic Injectables Market Report: Top Companies, Trends and Future Prospects Details for Business Development

August 23rd, 2020 IMARC Group Releases

According to the latest report by IMARC Group titled, “US generic injectables market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, The US generic injectables market reached a value of US$ 11.7 Billion in 2018. Looking forward, the market is further projected to reach US$ 18.3 Billion by 2024, exhibiting a CAGR of 7.5% during the forecast period (2019-2024).

Request for a free sample copy of this report: https://www.imarcgroup.com/us-generic-injectables-market/requestsample

Generic injectables are safe and effective bioequivalents of branded drugs, which contain similar active ingredients, dosages, strength, route of administration and form. They are made in compliance with FDA regulations and are available in vials, ampoules, premixes and prefilled syringes. At present, the demand for generic injectables is expanding in the fields of oncology, cardiology, diabetes and immunology in the US, owing to the prevalence of cancer, diabetes, rheumatoid arthritis, osteoarthritis and osteoporosis.

One of the key factors impelling the market growth is the cost-effectiveness of generic injectables as compared to their branded counterparts. This results in significant savings for patients and healthcare providers in the US. Apart from this, the US federal government is encouraging the adoption of generic injectables, as they form an essential part of the public healthcare system in the country. Furthermore, generic injectable manufacturing requires less capital investment for research and development (R&D) activities, which is contributing to the market growth in the country.

Explore full report with table of contents: https://www.imarcgroup.com/us-generic-injectables-market

Breakup by Therapeutic Area:

  • Oncology
  • Anesthesia
  • Anti-Infectives
  • Parenteral Nutrition
  • Cardiovascular Diseases

The report finds that the oncology segment exhibits dominance in the market as injectables are used to treat different types of cancers. It is followed by anti-infectives, cardiovascular, parenteral nutrition and anesthesia.

Breakup by Containers:

  • Vials
  • Ampoules
  • Premix
  • Prefilled Syringes

Currently, vials account for the majority of the total market share as they are flexible, easy to dispose of and cost-effective. They are followed by premix, prefilled syringes and ampoules.

Breakup by Distribution Channel:

  • Hospitals
  • Retail Pharmacy

At present, hospitals represent the largest segment as the injectables for oncology, anesthesia, and anti-infectives cannot be administrated without medical assistance.

Competitive Landscape:

The market is highly concentrated in nature with the presence of only a few top manufacturers who compete against one another in terms of prices and quality.

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Competitive Structure
  • Profiles of Key Players

Browse Related Report

https://www.imarcgroup.com/healthcare-it-market

https://www.imarcgroup.com/hiv-drug-market

https://www.imarcgroup.com/prefeasibility-report-power-inverter-manufacturing-plant

https://www.imarcgroup.com/power-rental-market

https://www.imarcgroup.com/power-banks-market

Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

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