Global Specialty Injectable Generics Market, by Product Type (Drugs and Biologics), by Application (Oncology, Cardiovascular Diseases, Central Nervous System Diseases, Infectious Diseases, Auto-immune Disorders, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 31,300 million in 2017, and is projected to exhibit a CAGR of 10.4 % over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.
Increasing research and development by market players to augment the market growth
Key players in the market are focused on research and development in order to develop novel products and enhance their product portfolio. For Instance, in February 2018 Oncobiologics in collaboration with Ligand Pharmaceuticals initiated a phase III trial for ONS-1045 monoclonal antibody for the treatment of colorectal cancer and lung cancer.
Moreover, increasing prevalence of cancer, rheumatoid arthritis, and other chronic diseases is expected to boost the market growth. According to the Rheumatoid Arthritis Support Network, October 2018, around 1.3 million people in the U.S. and around 1 % the world population is diagnosed with rheumatoid arthritis.
Browse 34 Market Data Tables and 36 Figures spread through 238 Pages and in-depth TOC on ‘Specialty Injectable Generics Market’- Global Forecast to 2026, by Product Type (Drugs and Biologics), by Application (Oncology, Cardiovascular Diseases, Central Nervous System Diseases, Infectious Diseases, Auto-immune Disorders, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance their product portfolio. For instance, in 2016, Teva Pharmaceutical Industries Ltd. acquired Allergan’s generics business under the name Actavis Generics. This strategic acquisition would strengthen Teva Pharmaceutical Industries’ product portfolio and expand its research & development capabilities.
Key Takeaways of the Specialty Injectable Generics Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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