Small Molecule Injectable Drugs Market Definition And Segments
Small molecule injectable drugs are pharmaceutical substances that are small in size and have a low molecular weight. These medications are often provided via injection, either intravenously, intramuscularly, or subcutaneously, to achieve systemic distribution throughout the body.
The main types of drug classes in small-molecule injectable drugs are small-molecule antibiotics, analgesics, chemotherapy, antivirals, anticoagulants, skeletal muscle relaxants, anticonvulsants, and others. Small-molecule antibiotics are antibacterial medicines with a low molecular weight and simple chemical structure. The various indications include pain management, oncology, infectious diseases, cardiovascular diseases, CNS diseases, and others. The various delivery types include IV sets, intravenous injections, infusion pumps, intramuscular injections, and subcutaneous injections that are used by various end-users such as hospitals, ambulatory clinics, outpatient facilities, infusion therapy centers, home care, and others.
The small molecule injectable drugs market covered in this report is segmented –
1) By Drug Class: Small Molecule Antibiotics, Analgesics, Chemotherapy, Antivirals, Anticoagulant, Skeletal Muscle Relaxants, Anticonvulsants, Other Drug Class
2) By Indication: Pain Management, Oncology, Infectious Diseases, Cardiovascular Diseases, CNS Diseases, Other Indications
3) By Mode of Delivery: IV Set, Intravenous Injection, Infusion Pump, Intramuscular Injection, Subcutaneous Injection
4) By End User: Hospitals, Ambulatory Clinics, Outpatient Facility, Infusion Therapy Center, Home Care, Other End Users
The small molecule injectable drugs market size has grown rapidly in recent years. It will grow from $195.14 billion in 2023 to $220.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to rising chronic diseases, aging population, government initiatives, increasing healthcare expenditure, improved manufacturing processes.
The small molecule injectable drugs market size is expected to see rapid growth in the next few years. It will grow to $355.14 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to personalized healthcare, digital health integration, supply chain optimization, real-world evidence utilization, shift towards outpatient care. Major trends in the forecast period include advancements in drug delivery systems, technological advancements, focus on research and development, innovation in injectable therapies, fast-track approvals of new drug formulation.
Rising Chronic Diseases Fuel Growth In The Small-Molecule Injectable Drug Market
The rising chronic diseases are expected to propel the growth of the small-molecule injectable drug market going forward. Chronic diseases are conditions characterized by long-term persistence and typically slow progression. Chronic diseases are on the rise due to a combination of factors, including sedentary lifestyles, unhealthy dietary habits, tobacco use, and increasing levels of stress. These lifestyle choices contribute to the development of conditions such as obesity, diabetes, cardiovascular diseases, and certain types of cancer. Small-molecule injectable drugs play a valuable role in managing chronic diseases by offering targeted therapy, improved compliance, disease modification, combination therapy options, and opportunities for therapeutic monitoring. For instance, in September 2023, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, rising chronic diseases drive the small-molecule injectable drug market.
Major companies operating in the small molecule injectable drugs market are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca plc, Abbott Laboratories, Novartis AG, Fresenius Kabi AG, GlaxoSmithKline plc, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Becton Dickinson and Company, Teva Pharmaceutical Industries Ltd., Baxter International Inc., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Ltd., Dr. Reddy’s Laboratories Ltd., Cipla Limited, Hikma Pharmaceuticals plc, BioCryst Pharmaceuticals Inc., Mylan N.V.
Small Molecule Injectable Drugs In Precision Medicine
Companies in the small-molecule injectable drug market are focused on developing new technologies such as a new microparticle technology, to enhance the solubility of active pharmaceutical ingredients in oral drug products. Microparticle technology refers to the design, production, and application of particles at the microscale level, typically ranging from nanometers to micrometers in size. These particles can be engineered from various materials, including polymers, metals, ceramics, and composites. For instance, in March 2022, Evonik Industries AG, a Germany-based specialty chemicals company, launched EUDRATEC SoluFlow, a new microparticle technology designed to enhance the solubility of active pharmaceutical ingredients in oral drug products. This innovative emulsion-based process technology addresses solubility challenges that traditional manufacturing methods struggle to overcome, particularly for new small-molecule therapeutics where over 70% of compounds are insoluble. EUDRATEC SoluFlow enables the development of new oral therapeutics in various areas, such as cancer, cardiovascular diseases, infectious diseases, and diabetes, by transforming poorly soluble drugs into free-flowing powders of amorphous solid dispersions (ASD).
Ardena's Acquisition Of Idifarma On The Pharmaceutical Landscape
In September 2021, Ardena, a Belgium-based pharmaceutical company, acquired Idifarma from Suanfarma for an undisclosed amount. This acquisition would enhance Ardena's goal of becoming a single-source contractor offering integrated services to meet chemical, pharmaceutical, and bio-analytical needs throughout the clinical supply chain. Idifarma is a Spain-based pharmaceutical contract development and manufacturing company that offers small-molecule injectable drugs.
North America was the largest region in the small molecule injectable drugs market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the small molecule injectable drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the small molecule injectable drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The small molecule injectable drugs market consists of sales of antineoplastic agents, hormones, and vaccines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The small molecule injectable drugs market research report is one of a series of new reports from The Business Research Company that provides small molecule injectable drugs market statistics, including small molecule injectable drugs industry global market size, regional shares, competitors with a small molecule injectable drugs market share, detailed small molecule injectable drugs market segments, market trends and opportunities, and any further data you may need to thrive in the small molecule injectable drugs industry. This small-molecule injectable drug market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.