Africa Injectable Drugs Market is driven by increasing use of injectable drugs

0
123

The Africa injectable drugs market has been growing significantly over the past decade. Injectable drugs are pharmaceutical drugs that are administered using a needle and syringe directly into the body. The advantages of injectable drugs include bypassing first-pass metabolism in the liver, providing quicker onset of action and being more predictable in terms of absorption into the body. They are widely used to deliver medications for anesthesia, immunotherapy, chemotherapy and other clinical conditions that require rapid absorption of the drug. Some common therapeutic applications of injectable drugs are pain management, cardiovascular disorders, internal infections and metabolic disorders.

The market for injectable drugs in Africa is estimated to be valued at US$ 326.53 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031.

The Africa Injectable Drugs Market Trends prevalence of chronic diseases, growing geriatric population, rising healthcare expenditure and improved healthcare infrastructure are the major factors driving the growth of the Africa injectable drugs market.

Key Takeaways

Key players operating in the Africa injectable drugs are Apotex Inc., Fresenius Kabi India Pvt. Ltd., Hikma Pharmaceuticals PLC, Pfizer Inc., Bristol-Myers Squibb Company, Gland Pharma Limited, hameln pharma gmbh, Merck Co., Inc., AbbVie Inc., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, and PANPHARMA S.A.

The demand for injectable drugs in Africa has been steadily rising over the past few years owing to the growing incidence of chronic diseases such as cancer, cardiovascular disorders and infections. According to WHO, chronic diseases accounted for over 60% of diseases in Africa in 2020.

Major pharmaceutical companies have been expanding their injectable drug portfolio and manufacturing capabilities in Africa through strategic collaborations and acquisitions. For instance, Pfizer opened a new state-of-the-art sterile injectable facility in Morocco in 2021 to boost supply in Africa and other emerging markets.

Get More Insights on- Africa Injectable Drugs Market


Search
Categories
Read More
Sports
Pravin Tambe: A Remarkable Journey from Amateur to Professional Cricketer
Introduction  Pravin Tambe's inspiring journey from being an amateur cricketer...
By ASHISH Bamrara 2023-06-19 10:22:20 0 534
Other
Doxycycline Hydrochloride Prices, Chart, Demand and Forecast
Doxycycline Hydrochloride Price In USA   United States: 45070 USD/MT The pricing...
By Miller Jones 2024-08-29 07:42:57 0 129
Other
Large Format Printer Market to Benefit from Rising Applications in Various Sectors
Large Format Printer Market size was valued at USD 9.24 Bn. in 2023 and the total Insulation...
By Sakshi Mantri 2024-10-21 06:56:05 0 96
Fitness
Embrace Elegance and Style with the V-Neck Swimsuit
When it comes to swimsuit fashion, the options are endless. From bikinis to one-pieces, the...
By Shelly Brown 2023-06-12 02:04:27 0 726
Dance
Empowering Patients: Taking Control of Your Health with Online Pharmacies
The rise of online pharmacies has revolutionized the way in which people access medications and...
By Iceland Photographer 2024-04-25 08:41:36 0 250