September 14TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Generic Injectables Market over the trend period from 2014 to 2019 and forecast period from 2021 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Generic Injectables Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Generic Injectables Market is no different. Derived from the previous market scenario, the Generic Injectables Market is likely to witness an impressive CAGR of 12.1%% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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The Generic Injectables Market is segmented by–
Key Players:
Regional analysis:
By region, the North America Generic Injectables market accounted the highest share in 2020 and is expected to grow at a robust CAGR during the review period. The Generic Injectables market growth is mainly attributed to large presence of a properly structured health care sector, rising number of abbreviated new drug application (ANDA) approvals, increasing prevalence of lifestyle diseases, growing demand for inexpensive biosimilar products, and easy availability of reimbursement policies with broader coverage.
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Key players operating in the global Generic Injectables Market are- Pfizer (US), Sandoz International (Germany), Baxter, Fresenius (Germany), Mylan, Teva Pharmaceutical (Israel), Hikma Pharmaceuticals (UK), Lupin Pharmaceuticals (India), Sanofi (France), Biocon (India).
The Generic Injectables market is majorly driven by rising investment by government bodies for the development of generic drugs. It is aimed at promoting generic injectables to lower the healthcare expenditure.