Hospital Injectable Drugs Market is segmented, By Type (Generic Sterile Injectables, Sterile Intravenous (IV) Solutions), Application (Cardiology & Metabolic disorders, Neurology, Oncology, Autoimmune, Gastroenterology, Hematology, Infectious Diseases, and Others), End-User (Hospital Pharmacy, Retail Pharmacy, E-commerce), and Region - COVID-19 Impact Analysis and Forecast to 2028.
The market has been bifurcated into hospital pharmacy, retail pharmacy, and e-commerce. The hospital pharmacy segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment can be attributed to the convenience and easy availability of required drugs.
North American market accounted for the largest market share in 2021 and is projected to grow at a robust CAGR during the review period. This can be attributed to the high adoption rate of advanced diagnostic equipment coupled with the presence of key market players such as Kemper Medical, Inc. (US) and Chemyx, Inc. (US). The market growth in Asia-Pacific is expected to be driven by the increasing adoption of Hospital Injectable Drugs in diagnostic procedures, particularly in developing countries.
The growth of the hospital injectable drugs market is primarily driven by an increasing number of people suffering from chronic diseases and accidental injuries. Expanding the geriatric populace across geographies is expected to drive market growth at a significant rate during the review period. In addition to this, increasing investment in research and development activities to develop advanced healthcare solutions is likely to create lucrative opportunities for the players operating in the global hospital injectable drugs market in the coming years.
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