U.S. Sterile Injectables Market, by Molecule Type (Large Molecule and Small Molecule), by Drug Type (Monoclonal Antibody (mAbs), Cytokines, Insulin, Peptide Hormones, Vaccines, Immunoglobulin’s, Blood Factors, Peptide Antibiotics, and Others), by Therapeutic Application (Cancer, Metabolic Diseases, Cardiovascular Diseases, Central Nervous System Disorder, Infectious Diseases, Musculoskeletal Disorders, and Others), by Route of Administration (Subcutaneous (SC), Intravenous (IV), Intramuscular (IM), and Others), and by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Sterile injectables refer to non-oral means of administration by injecting the drug directly into the body through three common routes of administration which includes intramuscular (IM), subcutaneous (SC), and intravenous (IV). Moreover, injectables are made up of small molecules and large molecule (biologics), and have immediate onset of action. Parenteral administration can be performed by injection, that is using a needle (usually hypodermic needle) and a syringe or by the insertion of an indwelling catheter.
The rise in inclination towards sterile injectables over conventional drugs owing their features such as quick therapeutic response and high absorbability inside the patient’s body and growing focus on biologics and developing advanced products in the healthcare sector are the major factors driving the sterile injectables market. The rise in number of research and development activities and increasing investment by pharmaceutical manufacturers to produce enhanced injectables products such as anti-infective, oncolytics, and cardiovascular medicines accelerate the sterile injectables market growth.
Market Dynamics
The increasing prevalence of chronic diseases, rising research and development activities, and increasing adoption of inorganic growth strategies such as mergers, acquisitions, partnerships, and collaborations by key players operating in the market are the major factors that are expected to drive growth of the U.S sterile Injectables market over the forecast period.
For instance, according to American Cancer Society estimated 104,610 new cases of colon cancer and 43,340 cases of rectal cancer diagnosed in the U.S. in 2020
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