We are excited to announce that Future Market Insights is well-positioned to capitalize on the flourishing global lyophilized injectable industry, which is projected to experience a steady CAGR of 5.8% over the forecast period. As of 2023, the market is expected to be valued at an impressive US$ 3043.55 Million, with estimates suggesting a peak demand of US$ 5348.56 Million by 2033.
The rising demand for lyophilized injectables can be attributed to their inherent stability at room temperature, offering a distinct advantage over traditional formulations. These medications undergo a brief rehydration procedure, making them ready for usage, thereby streamlining processes and minimizing the likelihood of pipetting errors. As a result of these advantages, the global lyophilized injectable market is poised for substantial expansion in the coming years.
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Future Market Insights is at the forefront of this transformative trend, and our commitment to innovation positions us as a key player in meeting the escalating demand for lyophilized injectables. Our cutting-edge technologies and state-of-the-art facilities enable us to develop and deliver high-quality lyophilized products that cater to the evolving needs of the healthcare industry.
By aligning with the growing popularity of lyophilized medications, Future Market Insights is not only embracing a robust market trend but is also contributing to enhanced patient care by providing solutions that simplify administration procedures and ensure product stability.
Key Takeaways:
- In 2022, the injection supplies drugs market held more than 29% of the business share coming from the prefilled diluent syringes segment.
- In 2022, the market for online pharmacies generated more than US$ 34 Billion. The emergence of the COVID-19 pandemic is a major factor that is driving a steady shift away from physical pharmacies and toward online e-commerce websites. This shift is expected to help to foster the development of online platforms.
- In 2022, the lyophilized injectable market in North America held more than a 47 percent revenue share.
- In 2022, the segment of antiarrhythmic drugs accounted for more than US$19 Billion in revenue. The growing incidence of cardiovascular diseases across the globe is one of the primary contributors to the skyrocketing demand for these medications.
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Competitive Landscape:
Companies that play a crucial role in meeting the global demand for lyophilized injectables are becoming increasingly interested in making drug delivery systems that can be used with any drug, can be updated, and changed. To reach their objective, they are investing heavily in R&D-related activities.
Key players in the injection supplies industry rely on a strategy of continuous product development and improvement to meet the needs of customers all over the world and keep their place in the highly competitive global lyophilized injectable market. For instance, in April 2022, Recipharm acquired the Contract Development and Manufacturing Organisation (CDMO) services of both Arranta Bio, a leader in advanced therapy, and Vibalogics, a pioneer in virotherapy. Recipharm’s new facilities in Boxborough, Massachusetts gives the company a solid footing in the United States and pave the way for future growth into new areas of biologics therapy.
- B. Braun Melsungen AG
- Baxter International, Inc.
- BD
- Schott AG
- Aristopharma Ltd.
- Vetter Pharma
- Jubilant HollisterStier LLC
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Key Segments in the Lyophilized Injectable Market:
Packaging:
- Single-Use Vials
- Point-of-Care Reconstitution
- Specialty Packaging
Type of Delivery:
- Prefilled Diluent Syringes
- Single-Step Devices
- Proprietary Reconstitution Devices
- Multi-Step Devices
Indication:
- Metabolic and Oncology Conditions
- Infectious Diseases
- Autoimmune Diseases
- Others
End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA (Middle East and Africa)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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