Generic Injectables Market in India 2023 | Size, Trends, Share, Growth and Forecast 2028

According to the latest report by IMARC Group, titled “India Generic Injectables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The India generic injectables market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 12.4% during 2023-2028.

Generic injectables represent alternative drugs that are bio-equivalent of their branded counterparts in terms of strength, quality, effectiveness, active ingredients, intended use, dosage, etc. In addition to this, as compared to innovator drugs, they offer maximized patient compliance, reduced frequency of drug delivery, limited price erosion, higher profitability for manufacturers, etc. Consequently, generic injectables are extensively utilized to treat several life-threatening and chronic diseases, such as cancer, diabetes, rheumatoid arthritis, cardiovascular ailments, respiratory infections, etc.

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India Generic Injectables Market Trends and Drivers:

The expanding geriatric population who are susceptible to developing numerous medical ailments, including septicemia, influenza, pneumonia, etc., is among the key factors stimulating the India generic injectables market. Moreover, the increasing occurrence of chronic disorders, on account of the growing pollution levels and hectic schedules, changing dietary patterns, and the sedentary lifestyles of individuals, is acting as another significant growth-inducing factor. Besides this, the launch of favorable policies undertaken by government bodies in India to support leading manufacturers and sellers is catalyzing the market growth. Furthermore, various technological advancements in drug delivery systems, such as the introduction of self-injection devices, are also propelling the market growth across the country. Apart from this, the rising number of health insurance companies and the expiry of patents of branded drugs are further augmenting the market growth. Additionally, the development of 3D printing technology by key market players that helps in producing these medicines with varying release dates and tastes and continuous improvements in healthcare facilities are anticipated to fuel the India generic injectables market over the forecasted period.

India Generic Injectables Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

The report has segmented the market on the basis on region, therapeutic area, container and distribution channel.

Breakup by Therapeutic Area:

• Oncology
• Anaesthesia
• Anti-infectives
• Parenteral Nutrition
• Cardiovascular

Breakup by Container:

• Vials
• Ampoules
• Premix
• Prefilled Syringes

Breakup by Distribution Channel:

• Hospitals
• 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 (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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