PUBLISHER: Coherent Market Insights | PRODUCT CODE: 2084734
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 2084734
Asia Pacific Generic Oncology Sterile Injectable Market is estimated to be valued at USD 17.5 Bn in 2026 and is expected to reach USD 27.3 Bn by 2033, growing at a compound annual growth rate (CAGR) of 13.1% from 2026 to 2033.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2025 | Market Size in 2026: | USD 17.5 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2026 To 2033 |
| Forecast Period 2026 to 2033 CAGR: | 13.10% | 2033 Value Projection: | USD 27.3 Bn |
Generic oncology sterile injectables are used for the treatment of various types of cancers such as ovarian, breast, and lung. Generic oncology sterile injectable products are relatively cheaper than branded counterparts. Treatment cost is a major concern for cancer patients, especially in emerging economies such as India and China. Therefore, governments of such countries are focusing on reducing the cost of medications and increasing its accessibility. For instance, the National Pharmaceutical Pricing Authority (NPPA) of India reduced the prices of a few cancer products by 86% in March 2017.
Various India-based pharmaceutical companies are intended towards expansion of their distribution globally, leading to the generation of significant revenue which will aid in growth of generic oncology sterile injectables market in the region. For instance, in July 2017, Alembic Pharmaceuticals, an India-based company, inaugurated its manufacturing facility for generic oncology products in Gujarat that will cater to the markets in the Middle East, Africa, Asia, and North America. The manufacturing site has a capacity for 60 million tablets and capsules, and around 20 million vials capacity for liquid injectable and lyophilized products.
Similarly, in 2016, Sun Pharma expanded the company's presence in Japan with the acquisition of 14 prescribed brands from Novartis for US$ 293 Mn.
Furthermore, Lupin, a pharmaceutical Indian firm active in Japan, announced in February 2016 that its subsidiary Kyowa is setting up a manufacturing plant in Tottori, to meet the rising demand for generics in Japan, where generics represent 49% of drug sales volume marking the second-largest drug market, after the U.S., in the world.