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Increasing investment in R&D activities enable researchers to delve deeper into the development of small molecule-based therapies, uncovering new drug candidates and refining existing ones. As a result, the pipeline of potential small molecule injectables expands, offering a wider array of treatment options for various clinical applications.
Moreover, as researcher finds the therapeutic potential of these molecules, pharmaceutical companies are spurred to invest further in their development, ultimately boosting market demand for small molecule injectables.
The chemotherapy agents segment in the market is estimated to accumulate USD 71.4 billion by 2032, owing to the high prevalence of cancer and the ongoing demand for effective chemotherapy options.
Small molecule sterile injectable drugs industry size recorded USD 154.6 billion in 2023 and is expected to register 7.1% CAGR from 2024 to 2032, due to the increasing prevalence of chronic diseases, such as cancer, diabetes, and cardiovascular disorders.
North America small molecule sterile injectable drugs industry is expected to expand at 6.9% CAGR from 2024 to 2032, on account of the robust healthcare infrastructure, high prevalence of chronic diseases, and a favorable regulatory environment.
AbbVie Inc., Amgen Inc., AstraZeneca Plc., BioCryst Pharmaceuticals, Inc., Bristol-Myers Squibb Company, Eisai Co., Ltd., Eli Lilly and Company, Fresenius Kabi USA, Gilead Sciences, Inc., Merck KGaA, Novartis AG, Pfizer Inc., Sanofi, Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd. are some of the major small molecule sterile injectable drugs companies worldwide.