How is the Generic Oncology Sterile Injectable Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the generic oncology sterile injectable market right now?
The size of the generic oncology sterile injectable market has expanded swiftly in the last few years. It is expected to rise from $17.17 billion in 2024 to a staggering $19.13 billion in 2025, with an impressive compound annual growth rate (CAGR) of 11.4%. The remarkable growth during the historic period can be traced back to the expiry of patents on branded oncology drugs, the rising incidence of cancer, renewed concentration on cost-effective healthcare solutions, regulations favoring generic medicines, and the growth of generic pharmaceutical corporations.
How fast Is the generic oncology sterile injectable market expected to grow, and what’s its future value?
Predictions indicate a swift expansion in the generic oncology sterile injectable market in the coming years, with a growth forecast reaching a worth of $30.17 billion by 2029 and a compound annual growth rate (CAGR) of 12.1%. This projected growth during the forecast period is largely attributed to factors such as enhanced investments in healthcare, adoption of biosimilars in the oncology sector, widening scope of oncology drug pipelines, increasing global cancer rates, and regulated pathways for generic sterile injectables. There are several prevailing trends for this period like the creation of intricate generic oncology medications, a rise in the adoption of leading-edge manufacturing technologies, the emergence of personalized medicine in oncology, a mounting focus on competition in the biosimilar realm and the integration of digital technologies into supply chain management.
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What are the leading drivers of growth in the generic oncology sterile injectable market?
The escalating incidence of cancer worldwide is anticipated to promote the expansion of the generic oncology sterile injectable market. Cancer is a variety of diseases that arise anywhere in the body when abnormal cells multiply uncontrolled, disregard their normal boundaries, and either migrate to other organs or infiltrate nearby tissues. The increasing cancer incidence stems from factors like smoking, radiation, carcinogenic substances, obesity, and gene alterations. Generic oncology sterile injectable products serve to reduce tumour size and halt cancer cell growth. For example, statistics from the France-based research organization, the International Agency for Research on Cancer (IARC), from April 2024 reveal that in 2022, around 20 million fresh cancer cases and nearly 10 million cancer-linked fatalities were registered. Forecasts suggest that the annual rate of new cases could hit 35 million by 2050, marking a 77% rise from 2022. Hence, the escalating incidence of cancer is fuelling the expansion of the oncology sterile injectable market.
What are the key segments defining the generic oncology sterile injectable market?
The generic oncology sterile injectable market covered in this report 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
Subsegments:
1) By Chemotherapy: Alkylating Agents, Antimetabolites, Mitotic Inhibitors, Topoisomerase Inhibitors
2) By Antimetabolites: Purine Analogs, Pyrimidine Analogs, Antifolates
3) By Plant Alkaloids: Vinca Alkaloids, Taxanes, Camptothecins
4) By Antitumor Antibiotics: Anthracyclines, Non-Anthracycline Antibiotics
5) By Other Products: Targeted Therapy Agents, Immunotherapy Agents, Supportive Care Products
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Who are the key players steering the development of the generic oncology sterile injectable market?
Major companies operating in the generic oncology sterile injectable market include Pfizer Inc., Johnson & Johnson, Merck & Co Inc., Sanofi S.A., AstraZeneca plc, GlaxoSmithKline Plc, Eli Lilly and Company, Amgen Inc., 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., Accord Healthcare Ltd.
What emerging trends are influencing the growth of the generic oncology sterile injectable market?
The generic oncology sterile injectable market is seeing a rising trend of product innovation as leading companies develop cutting-edge products to maintain their market stance. For example, Dr. Reddy’s Laboratories, a pharmaceutical company headquartered in India, introduced Bortezomib for injection, a generic variant of Velcade, in July 2022. The cancer treating injection is dispensed in a single-dose vial, with a strength of 3.5 mg per 10 mL, suitable for either intravenous or subcutaneous use.
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Which regions are most influential in expanding the generic oncology sterile injectable market?
North America was the largest region in the generic oncology sterile injectable market in 2024. 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 the generic oncology sterile injectable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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