Sterile injectables are compound medications that are to be administered into the body using needle and syringe. Sterile injectables drugs are such as anaesthetics, antibiotics, cancer medications or any biological drugs which are directly injected into the body. Sterile injectables need to be sterile as these are directly administered into the body.
Sterile injectables market is driven by increasing incidences of chronic diseases across the world. According to WHO statistics, noncommunicable diseases amount to 38 Mn death per year. These diseases include diabetes, asthma, cardio vascular diseases, cancer and also viral diseases such as hepatitis C and AIDS (HIV). Higher prevalence rates of chronic disease will help to bolster the growth of sterile injectables market. However, development, manufacturing of the sterile injectables are complex and require more capital investment, stringent regulations on sterile manufacturing sites bringing additional challenges for the marketers.
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Sterile injectables market has been segmented on the basis of molecule type, drug type, therapeutic application, and distribution channel
Based on molecule type, sterile injectables market segmented into
Large Molecules
Small Molecules
Based on drug type, sterile injectables market is segmented into
Monoclonal antibodies
Insulin
Peptide Hormones
Immunoglobulins
Vaccines
Peptide Factors
Blood Factors
Cytokines
Others
Based on therapeutic application, sterile injectables market segmented into
Cancer
Infectious Diseases
Cardiovascular Diseases
Diabetes
Central Nervous System Disorders
Others
Based on distribution channel, sterile injectables market is segmented into
Hospitals Pharmacies
Retail Pharmacies
Others
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Global sterile injectables market at growing stage. Many sterile manufacturing facilities have closed down in U.S. and many parts of the world due to alliances and in-house manufacturing capacities. This led to shortage of sterile injectables. Many of the companies are focusing on mergers and acquisitions to improve their position in sterile injectables market. For instance, Baxter International Inc. acquired Claris Injectables Limited, a subsidiary of Claris Lifesciences Limited, for approximately $625mn. Similarly, in 2015 Pfizer Inc. acquired Hospira, Inc., world’s leading provider of injectable drugs and infusion technologies. Sterile Injectable drug manufacturers are expanding their business by entering into the new regions or expanding manufacturing facilities. In 2014, Lupin acquired Nanomi B.V. in the Netherlands, with this Lupin is able to manufacture complex injectables with innovative drug delivery system. Nanomi B.V. has patented technology platforms to develop complex injectable products.
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Geographically sterile injectables market has been segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is major market for sterile injectables worldwide due to increased prevalence of chronic diseases such as cancer and cardiovascular diseases. In Asia Pacific region Japan is expected to hold larger market for sterile injectables. India and China in Asia Pacific region are anticipated to register fastest growth due to rapid increase in the infrastructure and R&D funding.
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Some of the players in sterile injectables market are Merck & co. Inc. (U.S), Johnson & Johnson Services Inc. (U.S.), Novartis AG (Switzerland), Baxter International Inc. (U.S), Sanofi (France), Pfizer Inc. (U.S.), GlaxoSmithKline plc. (U.K.), AstraZeneca Plc (U.K.), Gilead Sciences, Inc. (U.S.), Nova Nordisk A/S (Denmark) to name a few.
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