According to the latest report by IMARC Group, titled “India Generic Injectables Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the India Generic Injectables Market is expected to continue its robust growth in the forecast period (2021-2026).
Generic injectables are pharmaceutical drugs with the similar active ingredients, strength, dosage, and administration route as that of their branded injectables. Some of common product variants, include Prevnar 13, Eliquis, Ibrance, Lyrica, Xeljanz, etc. Generic injectables facilitate the quick onset of action, precise and adjustable dosing, and predictable bioavailability. Moreover, these injectables cost lesser than their branded counterparts, which helps in managing overhead costs related to pharma products.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Generic Injectables Market Trends:
The growing prevalence of chronic diseases in India, due to unhealthy dietary habits and sedentary lifestyles of the consumers, is primarily catalyzing the market for generic injectables market. Furthermore, the increasing investments by the Indian government to introduce innovative generic injectables for providing effective drug administration and enabling faster recovery of patients are also providing a thrust to the market. Additionally, several technological advancements in the drug delivery systems, such as the introduction of self-injection devices, are propelling the market growth. Various other factors, including increasing penetration of health insurance companies and the upcoming patent expiry of several blockbuster medicines, are expected to further drive the market growth over the forecasted period.
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India Generic Injectables Market 2021-2026 Analysis and Segmentation:
Breakup by Therapeutic Area:
- Parenteral Nutrition
Breakup by Container:
- Prefilled Syringes
Breakup by Distribution Channel:
- Retail Pharmacy
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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