According to the latest report by IMARC Group, titled “Latin America Generic Injectables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The Latin America generic injectables market is expected to exhibit a CAGR of XX% during 2022-2027.
Generic injectables refer to safe and effective alternative drugs that are bio-equivalent to their branded counterparts. They provide similar dosages, active ingredients, strength, quality, clinical benefit, and pharmacological advantages as compared to the innovator drugs. Generic injectables are utilized to treat numerous life-threatening and chronic diseases, including cancer, diabetes, rheumatoid arthritis, cardiovascular ailments, respiratory infections, etc. They aim to maximize patient compliance and minimize the frequency of administered dosages, thereby maintaining the effectiveness of the treatment. Generic injectables also provide several benefits to manufacturers and consumers, such as limited price erosion and high profitability.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The expanding prevalence of chronic diseases and the expanding pharmaceutical sector are among the key factors augmenting the Latin America generic injectables market. Furthermore, the increasing availability of generic drugs and healthcare services at affordable prices is also bolstering the market growth. Moreover, the rising prevalence of drug shortages and the emerging trend of expiry of patents of branded drugs are acting as significant growth-inducing factors. Apart from this, various initiatives undertaken by government bodies across Latin America to promote the domestic manufacturing and distribution of generic injectables are further catalyzing the regional market. Besides this, several technological advancements in drug delivery systems, including the development of self-injection devices, are also driving the market growth. Additionally, the growing popularity of intravenous (IV) or intramuscular (IM) medication delivery techniques is fueling the regional market. Furthermore, the inflating research and development activities (R&D) for biosimilar products are expected to positively influence the Latin America generic injectables market in the coming years.
Latin America Generic Injectables Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on country, therapeutic area, container, 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 Country:
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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.
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