Generic Injectables Adoption Pursuant to International Pharmaceutical Company Coalitions: Fact.MR
12 Mar 2021
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Emerging economies across the Asia-Pacific and Africa are expected to emerge as key investment destinations for key giants
Fact.MR, Rockville MD: Fact.MR’s generic injectables market report forecasts a relatively stable outlook for 2021, majorly fueled by accelerating regulatory approvals to initiate clinical trials for developing possible drug candidates to eradicate the novel coronavirus pandemic. Recessionary downturns were avoided significantly through 2020, as candidates were endowed with priority approval status by regulatory authorities.
Future growth prospects are heavily reliant on accrued historical gains arising out of high import dependence from key manufacturing hubs. India is anticipated to reap the maximum benefits, as generic drugs contribute greater than 70% of the total pharmaceutical industry revenue. As of now, a total of 19 active pharmaceutical ingredient (API) applications have been approved under the Production Linked Incentive (PLI) Scheme to promote domestic manufacturing of Key Starting Materials (KSMs) at a cost of US$ 636 million.
According to Fact.MR’s projections, the market is expected to cross US$ 1 billion by the middle of this decade, a significant chunk of which is anticipated to be yielded from accelerated development of anti-retroviral drugs. In November 2020, for instance, a coalition of 18 pharmaceutical companies across India, Bangladesh, China and South Africa- the four key emerging economies- specializing in generic drugs are expected to bolster drug development prospects for the SARS CoV2. The collaboration includes Sun Pharma, Lupin, Heterco, Natco, Strides Shasun, Aurobindo and Zydus Cadila.
“Prominent generic injectables manufacturers are taking advantage of increasing government approvals for biosimilar candidates to accelerate treatment of several chronic and infectious conditions, prompting a flurry of clinical trials and product launches, providing stimulus to market growth,” says the Fact.MR analyst.
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Key Takeaways from Fact.MR’s Generic Injectables Study
Large molecular generic injectables to garner a highly lucrative market share
By container, prefilled syringes to experience maximum sales, fueled by growing demand for precision medicine
Oncology biosimilars development gaining traction, infectious disease treatment injectables experiencing similar incline
Deepening presence of prominent pharmaceutical giants widening US growth prospects
Broad savings margins of nearly 90% to uplift generic injectables growth prospects across the UK
Germany and France to experience credible growth in the cardiology generic injectables domain
India to be the most lucrative global market, attributed to its apex position in generic drugs production
Generic Injectables Market- Prominent Drivers
Growing demand for inexpensive alternatives to branded injectables is spurring generic injectables market growth
An expanding orphan drugs landscape to bolster future development projects for new generic injectables
Manufacturers are touting enhanced generic injectables production, attributed to their potential in yielding considerable cost savings
Generic Injectables Market- Key Restraints
Small-scale injectable manufacturers are experiencing expansion challenges, owing to their limited capacity to source expensive raw material
Thinning profit margins due to reduced drug prices have shrunk revenue pools, restraining growth
Discover more about the generic injectables market with 88 figures and 106 data tables, along with the table of contents. You will also find detailed market segmentation on
Competitive Landscape
Prominent generic injectables manufacturers profiled by Fact.MR include Pfizer Inc., Novartis AG (Sandoz International GmbH), Baxter, Fresenius SE & Co., KGaA, Mylan NV, Teva Pharmaceutical Industries Ltd., Hikma Pharmaceuticals PLC, Lupin Ltd., Sanofi and Biocon. Deployment of biosimilars forms the core marketing strategy of a majority of the aforementioned market players.
In January 2020, Pfizer Inc. introduced three new oncology biosimilars: Zirabev (bevacizumab-bvzr), Ruxience (rituximab-pvvr) and Trazimera (trastuzumab- qyyp) across the United States. With these biosimilar launches, Pfizer became a debutant in the monoclonal antibody oncology treatment domain.
Furthermore, in May 2020, the US FDA approved for review Fresenius Kabi’s Biologics License Application (BLA) for its MSB11455 pegfilgrastim biosimilar candidate for Neulasta®. This acceptance of review has provided oncologists with enhanced scope for improving cancer care across the country.
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More Valuable Insights on the Generic Injectables Market
The research study on the global generic injectables market by Fact.MR incorporates an unbiased assessment of key factors and trends responsible for shaping the landscape of the global generic injectables market. Market statistics have been presented on the basis of Product (Large-molecule Injectables and Small-molecule Injectables), Container (Vials, Ampoules, Premixes, Prefilled Syringes and Others), Application (Oncology, Infectious diseases, Cardiology, Diabetes, Immunology and Others) and Route of Administration (Intravenous, Intramuscular, Subcutaneous and Others) across five major regions.
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