Surging Demand for Biologics Boosts Sterile Injectable Manufacturing Market

India Pharma Outlook Team | Thursday, 28 November 2024

 contract manufacturing sector, Sterile injectables

The increasing preference for biologics and biosimilars is fueling the demand for the sterile injectable contract manufacturing sector. The market size for sterile injectable contract manufacturing was worth USD 15.96 billion in 2024 and is expected to reach USD 50.38 billion by 2034. There is an expectation for a 12.1% CAGR to be shown between 2025 and 2034.

Sterile injectables are medications and other therapeutic products that are administered directly into the bloodstream or body tissues. Understanding the intricacies of pharmaceutical contract manufacturing involves recognizing that every drug undergoes a unique, closely monitored procedure.

Businesses are focused on quickly creating and testing new treatments with increased research and development funding. Outsourcing sterile manufacturing speeds up this process, allowing faster production of clinical trial products and increasing the growth of the sterile injectable contract manufacturing market.

The prevalence of harmful diseases is increasing worldwide. According to a report released by the National Library of Medicine, one out of every three adults worldwide experience multiple chronic conditions (MCCs). Harmful diseases often require extended treatment options, leading to an increasing demand for medications, a significant portion of which are governed by sterile injectables.

Advanced manufacturing technologies like automation and continuous processing improve the efficiency and reliability of sterile injectable production. Contract manufacturers utilize these technologies to optimize production cycles, reduce costs, and increase throughput.

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