The Global Sterile Injectables Market was valued at US$ 299.7 billion in 2015 and is projected to expand at a CAGR of 6.9% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights.
According to Piramal Enterprises Ltd. there are 2,400 sterile injectable products are under development phase, which would lead to introduction of advanced products in the global sterile injectables market. Generic market is, the primary driver behind the growth in injectable. Many pharmaceutical companies are focused on developing generic injectables. The expansion and manufacturing of sterile injectable products is highly complex and requires major investment. The manufacturing costs are comparatively high when compared to conventional drugs, since injectables are highly toxic and infectious in nature and therefore, necessitate a high level observation of quality and care in their manufacturing, packaging, storage, and distribution.
