According to the latest report by IMARC Group, titled “Latin America Generic Injectables Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the market is expected to continue its robust growth in the forecast period (2021-2026).
Generic injectables are pharmaceutical drugs with the same active ingredients, strength, dosage, and administration route as of branded injectables. Some of their standard products include Prevnar 13, Eliquis, Ibrance, Lyrica, Xeljanz, etc. Generic injectables facilitate the quick onset of action, precise and adjustable dosing, and predictable bioavailability. Moreover, these injectables cost lesser than their branded counterparts, which aids in managing overhead costs related to pharma products.
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.
Latin America Generic Injectables Market Trends:
The growing prevalence of chronic diseases in Latin America, due to increasing pollution levels and sedentary lifestyles, is primarily catalyzing the market for generic injectables market. Furthermore, the launch of several initiatives by the government bodies across the region to promote the production and distribution of generic injectables are also bolstering the product demand. Additionally, various technological advancements in the drug delivery systems, such as the introduction of self-injection devices, are further propelling the market growth. Numerous other factors, including increasing penetration of health insurance companies and the upcoming patent expiry of several blockbuster medicines, are expected to drive the market growth over the forecasted period.
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Latin America Generic Injectables Market 2021-2026 Analysis and Segmentation:
Breakup by Therapeutic Area:
- Parenteral Nutrition
Breakup by Container:
- Prefilled Syringes
Breakup by Distribution Channel:
- Retail Pharmacy
Breakup by Country:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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