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Scope of the Report
The report titled Global Injectable Drug Market 20172021 Edition provides an indepth analysis of the global injectable market with detailed analysis of the actual and the expected market size along with the market size of each market segment.
Growth of the overall global injectable drug market has been forecasted for the period 20172021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in the global injectable drug market is stiff and dominated by the big players like Pfizer, Inc. Further, key players of the injectable drug market such as Merck Co., Inc., Novartis AG and Johnson Johnson are also profiled with their financial information and respective business strategies.
Merck Co., Inc.
The global injectable drug market has increased at a significant CAGR during 20122016 and projections are made that the market would rise tremendously in the next five years i.e. 20172021. The growth in the market was driven by patient awareness, increase in per capita drug spending, a rise in the personal disposable income of individuals, etc. The market can be segmented into vaccines, insulin, conventional therapeutics and complex biologics. Of all the segments, complex biologics remains the largest segment of the market with the highest growth rate.
The major growth drivers for the injectable drug market are: rise in cancer incidences diabetic population, the introduction of new products and increase in biologics new drugs license approvals. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as high risk of reoperation or death, injectable drug safety issues and less patient compliance.
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