Parenteral Dosage Form Market Size, Share & Trends Analysis Report By Product (Emulsions for Injection,Powders for Injection,Gels for Injection), And Segment Forecasts, 2024 - 2031
The "Parenteral Dosage Form Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
Parenteral Dosage Form Market Overview and Report Coverage
Parenteral dosage form refers to pharmaceutical products that are administered through routes other than the digestive tract, such as intravenous, intramuscular, and subcutaneous injections. These dosage forms bypass the gastrointestinal system, allowing for rapid and predictable absorption of the medication into the bloodstream.
The parenteral dosage form market is projected to experience significant growth over the forecasted period, with a compound annual growth rate (CAGR) of % from 2024 to 2031. This growth can be attributed to the increasing prevalence of chronic diseases, advancements in drug delivery technologies, and the growing demand for convenient and effective treatment options.
Key market trends driving the growth of the parenteral dosage form market include the expansion of biologics and biosimilars, the rise of targeted therapies, and the increasing adoption of injectable drug delivery systems. Additionally, the market is witnessing a surge in research and development activities, which is leading to the introduction of innovative formulations and delivery systems.
Overall, the future outlook for the parenteral dosage form market is promising, with an expanding patient population and a growing focus on personalized medicine driving the demand for advanced injectable drug delivery solutions.
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Market Segmentation
The Parenteral Dosage Form Market Analysis by Types is segmented into:
- Emulsions for Injection
- Powders for Injection
- Gels for Injection
Parenteral dosage forms are administered through injection and include emulsions, powders, and gels for injection. Emulsions for injection are oil-in-water or water-in-oil preparations that provide a stable form of medication. Powders for injection are dry formulations that are reconstituted with a solvent before administration. Gels for injection are semisolid formulations that provide sustained release of the medication. Each of these dosage forms offers unique benefits for the delivery of medications through parenteral routes.
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The Parenteral Dosage Form Market Industry Research by Application is segmented into:
- Hospital
- Clinic
- Others
Parenteral dosage forms are used in hospitals, clinics, and other healthcare settings for the administration of medications through routes other than the digestive tract, such as intravenous, intramuscular, and subcutaneous injections. These dosage forms are preferred in hospital and clinic settings due to their rapid onset of action, precise dosing, and suitability for patients who are unable to take medications orally. They are also used in other settings such as nursing homes, home healthcare, and emergency medical services for efficient drug delivery.
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In terms of Region, the Parenteral Dosage Form Market available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Parenteral Dosage Form market in North America is driven by increasing healthcare expenditure and a growing aging population. The market in Europe is propelled by the presence of key players like Ashland and Thermo Fisher Scientific. In the Asia-Pacific region, countries like China and Japan offer significant market opportunities due to the rising prevalence of chronic diseases and increasing healthcare infrastructure. Latin America and the Middle East & Africa regions are witnessing growth due to increasing pharmaceutical investment. Key players like Tepnel Pharma Services and Lonza are focusing on expanding their product offerings and geographical presence. Growth factors include advancements in drug delivery technology, increasing demand for biologics, and the need for innovative treatment options. ProJect Pharmaceutics and BOC Sciences are also key players driving the market growth.
Parenteral Dosage Form Market Emerging Trends
Some emerging trends in the global parenteral dosage form market include the increasing demand for personalized medicine, rise in the number of biologics and biosimilars, and advancements in drug delivery technologies. Current trends include a growing focus on self-administration devices, such as auto-injectors and prefilled syringes, as well as a shift towards more convenient and user-friendly packaging solutions. Additionally, there is a rising preference for ready-to-use formulations and a greater emphasis on safety and quality standards to prevent contamination and ensure product efficacy. Overall, the market is witnessing a transformation towards more efficient and patient-centric solutions.
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Major Market Players
- Ashland
- Tepnel Pharma Services
- Ascendia Pharmaceuticals
- Thermo Fisher Scientific
- ProJect Pharmaceutics
- Lonza
- BOC Sciences
The global parenteral dosage form market is highly competitive with several key players leading the market. Two of the prominent companies in the market are Lonza and Thermo Fisher Scientific.
Lonza is a Swiss multinational company that specializes in chemicals and biotechnology. It offers a wide range of products and services in the parenteral dosage form market, including development and manufacturing services for pharmaceutical companies. Lonza has seen significant market growth in recent years due to its innovative solutions and strategic partnerships. The company's latest trend focuses on increasing its global footprint and expanding its product portfolio to meet the growing demand for parenteral dosage forms.
Thermo Fisher Scientific is another major player in the parenteral dosage form market, providing a comprehensive range of products and services for pharmaceutical companies. The company has experienced strong market growth through its focus on research and development, technology advancements, and strategic acquisitions. Thermo Fisher Scientific's latest trend is centered around expanding its capabilities in sterile manufacturing and customized solutions for parenteral dosage forms.
In terms of sales revenue, Lonza reported sales of CHF billion in 2020, with a significant portion of revenue coming from its pharmaceutical manufacturing services, including parenteral dosage forms. Thermo Fisher Scientific reported sales of $32.2 billion in 2020, with a growing contribution from its biopharma services segment, which includes parenteral dosage form solutions.
Overall, the parenteral dosage form market is expected to continue to grow at a steady pace, driven by increasing demand for injectable drugs and advancements in drug delivery technologies. Companies like Lonza and Thermo Fisher Scientific are well-positioned to capitalize on these opportunities and maintain their leadership positions in the market.
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