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According to The Business Research Company’s Global Market Report 2023 on Generic Oncology Sterile Injectable, the market is projected to increase from $13.94 billion in 2022 to $15.68 billion in 2023, with a 12.4% CAGR. By 2027, the global market for generic oncology sterile injectables is expected to reach $24.229 billion, growing at an 11.6% CAGR.

What was the major driver in the generic oncology sterile injectable market?
The increasing cancer prevalence is set to drive the generic oncology sterile injectable market. Cancer encompasses abnormal cell proliferation that invades nearby tissues or spreads to other organs. Factors like smoking, radiation, carcinogens, obesity, and gene mutations contribute to rising cancer cases. Generic oncology sterile injectables shrink tumors and halt cancer cell growth. For example, in 2023, the American Cancer Society Inc. anticipates 1.9 million new US cancer cases, surpassing the 1.8 million cases in 2020. Consequently, growing cancer prevalence propels the oncology sterile injectable market.

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What was the key trend in the generic oncology sterile injectable market?
Innovation in products is a prominent trend in the generic oncology sterile injectable market. Major companies in this market focus on developing innovative products to maintain their market position. For example, in July 2022, India’s Dr. Reddy’s Laboratories launched Bortezomib for injection, a generic version of Velcade, available in a single-dose vial with a 3.5 mg per 10 mL dosage for intravenous or subcutaneous cancer treatment.

Which was the largest region in the generic oncology sterile injectable market?
North America was the largest region in the generic oncology sterile injectable market in 2022. Asia-Pacific is expected to be the generic oncology sterile injectable market report during the fastest-growing region in the forecast period. The regions covered in generic oncology sterile injectable report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the generic oncology sterile injectable market prominent players?
Major players in the generic oncology sterile injectable market are Pfizer Inc., Johnson & Johnson, Merck & Co Inc., Sanofi S.A., AstraZeneca plc, GlaxoSmithKline Plc, Eli Lilly and Company, Amgen Inc., Novo Nordisk A/S, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Sandoz International GmbH, Fresenius Kabi AG, Sun Pharmaceutical Industries Inc., Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma Limited, Cipla Inc., Hikma Pharmaceuticals plc, Amneal Pharmaceuticals LLC, Lupin Limited, Zydus Lifesciences Limited, Nichi-Iko Pharmaceutical Co. Ltd., Biocon Ltd., Jubilant Pharmova Ltd., Gland Pharma Limited, Apotex Inc., and Accord Healthcare Ltd.

Key generic oncology sterile injectable market segments
The global generic oncology sterile injectable market is segmented –
1) By Product: Chemotherapy, Antimetabolites, Plant Alkaloids, Antitumor Antibiotics, Other Products
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By Disease Indication: Ovarian Cancer, Breast Cancer, Lung Cancer, Pancreatic Cancer, Other Indications

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The Generic Oncology Sterile Injectable Global Market Report 2023  provides a comprehensive overview on the generic oncology sterile injectable market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Generic Pharmaceuticals Global Market Report 2023
Oncology Biosimilars Global Market Report 2023
Injectable Drug Delivery Devices Global Market Report 2023

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