Sterile Injectable Contract Manufacturing Market Size 2022
The global sterile injectable contract manufacturing market size was valued at USD 393.4 million in 2021 and is poised to grow at a significant CAGR of 7.5% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Sterile Injectable Contract Manufacturing Market: By Product Type (Small Volume Products,Large Volume Products,Suspensions,Lyophilized Products,Others),By Service Type(Formulation,Analytical Services,Packaging,Others), By Drug Type (Cytokines,Monoclonal Antibodies,Vaccines,Insulin,Peptide Hormones,Antibiotics,Others), By Therapeutic Area (Diabetes,Cancer,Infectious Diseases,Neurological Diseases,Cardiovascular Diseases,Musculoskeletal Diseases,Others), By End User (Pharmaceutical companies.Biopharmaceutical companies,Others) – Global/Region/Country Forecast to 2028”
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Sterile injectable drugs are available in liquid dosage forms. These are administered by parenteral route and enter into the circulation system directly and shoe fast therapeutic action. Because of the dearth of manufacturing facilities or to reduce the manufacturing cost, there are several pharmaceutical industries are outsourcing manufacturing. A huge array of services are provided by contract manufacturers including analytical characterization, cGMP among others and process optimization. There are several factors that are projected to impel the sterile injectable contract manufacturing market such as increasing cases of chronic diseases like diabetes, cancer and immunological disorders, patent expiries of blockbuster drugs and novel vaccine development. Furthermore, lack of captive sterile injectable manufacturing facilities is anticipated to drive the growth of the market over the forecast years. But, higher price of manufacturing and strict regulatory guidelines for manufacturing can hamper the sterile injectable contract manufacturing market growth over the forecast time span.
On the basis of geographical analysis, sterile injectable contract manufacturing market is classified into major regions such as Asia Pacific, Middle East, North America, Africa, Latin America and Europe. Sterile injectable contract manufacturing market in North America is anticipated to experience considerable growth due to the factors such as increasing number of contract manufacturing organizations, growing number of pharmaceutical industries with minimal manufacturing facilities, growing demand for injectable products in the region. Europe market is fuelled by growing R&D to reformulate the present drugs. Sterile injectable contract manufacturing market in Asia pacific is projected to witness profitable growth opportunities because of the huge patient pool and low manufacturing cost in the region are fostering the market growth.
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The global sterile injectable contract manufacturing market key players are Baxter International, Inc. (U.S.), Bryllon LLC (U.S.), Pfizer CentreOne (Pfizer, Inc.) (U.S.), Aenova Holding GmbH (Germany), Vetter Pharma-Fertigung GmbH & Co. KG (Germany), Catalent Pharma Solutions (Catalent, Inc.) (U.S.), West Pharmaceutical Services, Inc. (U.S.), AbbVie, Inc. (U.S.), Jubilant HollisterStier LLC (Jubilant Life sciences) (India)and Recipharm AB (Sweden).
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