ALBANY, New York, January 16, 2018 /PRNewswire/ --
According to a new market report, the global Sterile Injectable Drugs market was valued at US$ 348.5 Bn in 2016 and is expected to grow at a high CAGR of 11.1% from 2017 to 2025, to reach an estimated value of US$ 901.3 Bn in 2025.
The report on global Sterile Injectable Drugs market has been classified on the basis of five categories type, drug class, indication, distribution channel and geography (regions & countries). Major product segment included small and large molecules. The report offers a detailed description behind the steady growth rate of the market and a possible growth trajectory at the global as well as regional level in terms of value and the market share for each Sterile Injectable Drugs segment. The report is thus, compiled with the prime intent of updating the stakeholders with the incumbent market dynamics through a graphical illustration and in-depth analysis of each segment considered within the study scope.
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Based on type of Sterile Injectable Drugs, large molecule drugs remained the key contributor towards the global market, which accounted for approximately 54.6% of the global market in 2016. Large molecule drugs are unstable and hence required to be provided through injectable route only. Large molecule drugs are used in chronic disease cases where immediate response is desired especially cancer and heart congestion cases. Rising preference for large molecule drugs over conventional ones is a major factor likely to drive the large molecule sterile injectable segment during the forecast period. Small molecules are also widely accepted molecules and support revenue generation for the global Sterile Injectable Drugs market. Small molecules are preferred due to easy manufacturing and less cost when compared to large molecules. They are adopted in oncology these days.
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Based on drug class segment, Monoclonal antibodies held the largest share among sterile injectable drugs accounting for more than 26.0% share of global market in 2016 followed by vaccines and insulin segment. The Vaccines segment accounted for over 16.0% share of the global Sterile Injectable Drugs Market in 2016. Introduction of biotechnological products derived from human or other biologic sources would positively impact the global Sterile Injectable Drugs Market during the forecast period. Monoclonal antibodies (Mabs) are antibodies that are identical in nature with each other. It consist of immune cells of a unique parent cell. The unique feature of a monoclonal antibody is monovalent affinity, which helps it bind to the same epitope. Monoclonal antibodies are used to trigger the immune system and they can carry drugs also. Also, the segment is expected to register rapid growth due to increasing diseases and advancement of healthcare accessibilities, especially among developed countries such as the U.S., Germany and the U.K.
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The key players operating in the Sterile Injectable Drugs market are Baxter International Inc., Sanofi, Pfizer Inc., GlaxoSmithKline plc. AstraZeneca, Gilead, Sciences, Inc., Merck & Co., Inc., Novartis AG, Johnson & Johnson Services, Inc., and Novo Nordisk A/S. The global Sterile Injectable Drugs market is highly concentrated market which is dominated by few players.
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