Regarded as one of the most efficient and preferred drug delivery techniques in the medical sector, the global parenteral drugs market may incur expansive growth during the forecast period of 2019-2029.
Regarded as one of the most efficient and preferred drug delivery techniques in the medical sector, the global parenteral drugs market may incur expansive growth during the forecast period of 2019-2029. The increasing adoption of biologics and the growing number of biologics is inviting immense growth opportunities for the parenteral drugs market.
The use of parenteral drugs across applications in oncology, hormonal disorders, pain management, diabetes, infectious diseases, cardiovascular diseases, blood disorders, and others may serve as prominent growth generators for the parenteral drugs market.
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User-Friendly Devices Bringing Expansive Growth
Manufacturers in the parenteral drugs market are trying to develop user-friendly pre-filled devices for the convenience of the patients. This factor leads to the rise in revenue of the players in the parenteral drugs market and subsequently increases the growth rate.
Expansion of Facilities and Services Serving as Significant Growth Generators
Various players in the parenteral drugs market are expanding their production facilities to meet the increasing demand from various end-users. For instance, Carbogen Amcis has undertaken a $110 mn expansion program and one of its objectives include building a novel site for parenteral drug products in France.
In another development, American Injectables Inc. recently secured $10 mn in Series A Financing to launch various parenteral products. Such developments bring exponential growth for the parenteral drugs market.
Escalating Investments Steering the Vehicle of Parenteral Drugs Market on Pathway of Growth
Heightening investments from various investors and firms are helping in intensifying the research and development activities across the parenteral drugs market. This factor leads to the discovery of novel insights, thus inviting great growth opportunities for the parenteral drugs market.
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Global parenteral drugs market shows presence mainly in four regions, namely, North America, Europe, Asia Pacific, and rest of the world. Among the important regions, North America is one of the lucrative regions in the market for parenteral drugs. Key reasons attributed to this growth are increased patient awareness levels and growing inclination toward the use of advanced healthcare technologies in this region.The parenteral drugs market is estimated to experience remarkable expansion opportunities in Asia Pacific.
Key Players Analysis:
Major players in the parenteral drugs market are Abbott Laboratories, Bristol-Myers Squibb Company, AstraZeneca plc, Novartis AG, AptarGroup Incorporated, Amgen Incorporated, Baxter International Incorporated, Pfizer Incorporated, and Becton Dickinson.
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