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Lyophilized Injectable Drugs Market: Global Opportunity Analysis and Industry Forecast 2020–2027

A11437
Pages: NA
Aug 2021 | 39 Views
 
Author(s) : Onkar Sumant
Tables: NA
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COVID-19

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The lyophilization refers to the procedure of removing the moisture or water from the drug to enhance the stability of the drug. This process is used in manufacture of parenteral which has less or negligible stability in the solution. This process is completed in four different steps. They are freezing, primary drying, secondary drying, and packaging in the container. This process provides the specific characteristics to the product like sufficient strength, uniform color, sufficient, porous and dryness, sterile, free from pyrogen, free from particles, stability in dry and reconstitution stage. It has various advantages over others like rapid action, administration in unconscious patient, the inactivation by GIT enzymes can be avoided. First pass effect can be avoided, the bioavailability can be increased up to 100%.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Applications, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Sanofi S.A, Merck & Co, Inc., Fresenius Kabi USA, LLC. Ciron Drugs & Pharmaceuticals Pvt Ltd., GlaxoSmithKline plc., Mylan NV., Pfizer, Inc., Amneal Pharmaceuticals, Holdings Co., Ltd. (Otsuka Pharmaceutical Co., Ltd.), and BTG Plc.


 COVID-19 scenario analysis:

To take care of the infected population the demand for medical supplies is increasing. Various single-step devices, multi-step devices, prefilled diluent syringes, and proprietary reconstitution devices are some of the support devices used. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil populations for precautionary measures. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the lyophilized injectable drugs market.

Owing to such factors, COVID 19 is expected to have a significant impact on lyophilized injectable drug market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Growing R&D activities owing to the investments by biotechnology, pharmaceutical and biopharmaceutical companies’; and rise in the research and applications of Lyophilized injectable drug in various fields are the major factors propelling the growth of Lyophilized injectable drug market. Lyophilized injectable drug manufacturers and research laboratories are collaborating together and this is anticipated to offer significant growth opportunities in the lyophilized injectable drugs market.

Government is also helping with various amount of investment and also providing the labs for various purposes to boost the growth of the lyophilized injectable drugs market.

The Lyophilized injectable drug industry also has some restrains in the form of lack of awareness in health conditions. Additionally, the high cost of the processing the drug can also hamper the growth of this lyophilized injectable drugs market.

New product launches to flourish the market:

Lyophilized injectable drugs market has new product launches to flourish the market. They are as follows:

In July 2020, Mylan N.V., announced that the drug controller general of India (DGCI) has approved the drug remdesivir (lyophilized powder for injection 100 mg/vial) for the treatment of COVID-19.  

In June 2020, Cipla Ltd., launched the drug remdesivir under the brand name ‘Cipremi’(remdesivir lyophilized powder for injection 100 mg), a new drug used for the treatment of COVID-19.    

Surge in usage of lyophilized injectable drugs in hospital applications:

The increase in the issue of the stability related to the dosage form of the drug made the prevalence of the growth of lyophilized injectable drugs market. Moreover, rise in R&D activities in lyophilization technology is expected to boost the market. These drugs have enhanced the stability in the shelf life, which poses to surge in the usage of the lyophilized injectable drugs in the hospital sector.

Key segments covered:

Segments

Sub-segments

  Product

  • Lyophilized injectable drugs
    • Packaging
      • Single use vials
      • Point of care reconstitution
      • Specialty packaging
      • Others
    • Delivery
      • Prefilled diluent syringes
      • Proprietary reconstitution devices
      • Single step devices
      • Multistep devices

  End User

  • Life Science Research
  • Hospitals
  • Specialty Clinics
  • Others

  Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa


Key benefits of the report:

  • This study presents the analytical depiction of the global lyophilized injectable drugs market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global lyophilized injectable drugs market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global lyophilized injectable drugs market growth scenario.
  • The report analysis illustrates the potency of buyers & suppliers in the lyophilized injectable drugs market.
  • The report provides a detailed global lyophilized injectable drugs market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the lyophilized injectable drugs Market research report:

  • What are the leading market players active in the lyophilized injectable drugs market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the lyophilized injectable drugs market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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