Generic Oncology Sterile Injectable Market – Insights
Generic oncology sterile injectables Market are biologics that have the same active ingredients as that of the branded version, with only the inactive contents of the drugs being different. Manufacturers of generic sterile injectables have to adhere to regulations by the U.S. Food and Drug Administration (FDA) for the development of these injectables, which are equivalent to that of branded counterparts. These generic oncology sterile injectables are used for the treatment of various types of cancer including breast, prostate, colorectal, melanoma, lung, and bronchus. These injectables are available at low prices and therefore, are widely preferred over branded drugs.

Furthermore, R&D for generic drugs require less capital, which increase competition to enter into generic oncology sterile injectable market as soon as the patent for branded injectables expire. However, the emergence of biosimilars have increased in the recent past. After Europe, increasing number of biosimilars are approved in the U.S. market. This is expected to drive growth of the generic oncology sterile injectable market growth during the forecast period.

The global generic oncology sterile injectable market size is estimated to be valued at US$ 11,496.7 million in 2019 and is expected to witness a CAGR of 11.5% over the forecast period (2019 – 2027).

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Increasing launches of drugs is expected to drive growth of the global generic oncology sterile injectable market

Manufacturers in the U.S. are focusing on launching new products to offer low cost treatment to patients. For instance, in November, 2017, Mylan N.V. launched Clofarabine Injection (20 mg/20 mL (1 mg/mL) Single-Dose Vials) following the U.S. Food and Drug Administration approval in the U.S. market. Clofarabine is a generic version of Genzyme's Clolar, which is used for the treatment of refractory acute lymphoblastic leukemia in patients aged 1 year to 21 years.

Global Generic Oncology Sterile Injectable Market – Restraints
Stringent rules and regulations for manufacturing of sterile oncology injectables, high quality and care required during manufacturing, challenges in storage, packaging, and distribution of oncology sterile injectable are factors restraining the global generic oncology sterile injectable market growth.

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Global Generic Oncology Sterile Injectable Market - Regional Insights
On the basis of region, the global generic oncology sterile injectable market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds dominant position in the global generic oncology sterile injectable market, owing to increasing launches of products in the U.S. For instance, in September 2019, Mylan N.V. launched Fulvestrant Injection, 250 mg/5 mL (50 mg/mL) per single-dose prefilled syringe, a generic version of AstraZeneca's Faslodex Injection, for the treatment of advanced breast cancer in the U.S.

Asia Pacific is the fastest growing region in the global generic oncology sterile injectable market, owing to increasing initiatives taken by key players in this region. For instance, in 2017, Alembic Pharmaceutical Limited launched manufacturing facility in India to manufacture generic oncology products for international market.

Key players operating in the global generic oncology sterile injectable market include Eli Lilly & Company, Biocon Ltd., Baxter International Inc., Hikma Pharmaceuticals PLC, Mylan N.V., Sandoz International GmbH, Teva Pharmaceutical Industries Ltd., and Pfizer Inc.

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