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The medications are delivered using injectable route of administration. This route is convenient and offers greater bioavailability as compared to oral route of administration. There are technological advancements in devices used for injection of medicines. These modifications allow patients to take the medications daily using injectable route of administration. The new products such as auto-injectors, pre-filled syringes, pen-injectors, etc. are proving to be ground breaking technologies in this segment. These advancements are boosting the growth rate of the market over the conventional injectables.
Market Dynamics:
Increasing new product launches, increasing patient population suffering from chronic diseases, research and development for the introduction of novel products to minimize the unmet medical needs, technological advancements, etc. are some of the factors that are fueling the growth of the market. Product recalls and stringent regulations may hinder the growth of the market during forecast period. The increased use of injectables for medications without skilled professionals is creating opportunity for manufacturers to focus on introducing such products.
