US Generic Injectables Market Projected to Reach $44.6 Billion by 2032 [Yahoo! Finance]
Pfizer, Inc. (PFE)
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Source: Yahoo! Finance
The US generic injectables market has experienced a significant upsurge, achieving a value of $19.9 billion in 2023. This momentum is anticipated to continue, with projections estimating the market to expand to $44.6 billion by 2032, progressing at a CAGR of 9.38% over the forecast period. The surge in market growth is largely attributable to the escalating demand for affordable healthcare alternatives, the looming patent expiries of numerous branded medications, and the implementation of supportive government initiatives championing the use of generic drugs, which includes injectables. Chronic conditions such as cancer, cardiovascular diseases, and diabetes necessitate enduring management strategies that often involve injectable therapeutics. The increasing incidence of these ailments is a key force propelling the demand for injectables, including generic versions, which offer cost-effectiveness in the long-term management of health conditions. Additionally, an aging US population
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