Generic Drugs Market | 2031 Strategic Insights | Recent updates
The Generic Drugs Market is expected to register a CAGR of 7.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Generic Drugs Market report covers analysis By Product Type ( Biosimilars, Super Generic and Simple Generic ); Application ( Anti-Infective Drugs, Anti-Arthritis Drugs, Anti-Cancer Drugs, Central Nervous System Drugs, Cardiovascular Drugs, Respiratory Drugs and Other Applications ); Distribution Channel ( Hospitals, Pharmacies, Private Clinics and Other Distribution Channels). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Generic Drugs Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Generic Drugs Market Segmentation
Product Type- Biosimilars
- Super Generic and Simple Generic
- Anti-Infective Drugs
- Anti-Arthritis Drugs
- Anti-Cancer Drugs
- Central Nervous System Drugs
- Cardiovascular Drugs
- Respiratory Drugs and Other Applications
- Hospitals
- Pharmacies
- Private Clinics and Other Distribution Channels
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Generic Drugs Market Growth Drivers- Cost-Effectiveness of Generic Drugs: The affordability of generics is a driving factor for their global market size. Competitive analysis suggests that they are widely accepted by patients.
- Patent Expirations: Market reports highlight the patent expiry of branded drugs, which opens up growth opportunities for generic drugs.
- Supportive Government Policies: PEST analysis suggests that there are favorable regulations that are promoting the growth of the generic drug market. Market trends highlight increasing adoption in emerging economies.
- Increased Generic Substitution: Many countries, especially in Europe and North America, are encouraging the substitution of branded drugs with generics to reduce overall healthcare spending.
- Consolidation of Manufacturers: The generic drug market is seeing consolidation as larger companies acquire smaller players to expand their product portfolios and achieve economies of scale.
- Growth in Biosimilars: The approval and growth of biosimilars, which are generic versions of biologic drugs, is expanding the scope of the generic drugs market, especially in oncology and autoimmune diseases.
- Expansion of Biosimilar Development: The increasing acceptance of biosimilars offers opportunities for pharmaceutical companies to develop and market affordable alternatives to expensive biologic treatments.
- R&D Investment in Complex Generics: With advancements in drug formulations and technologies, there is a growing opportunity for manufacturers to develop complex generics for high-demand therapeutic areas, such as oncology and rare diseases.
- Healthcare Reforms in Emerging Markets: Government policies in emerging markets aimed at reducing healthcare costs through the promotion of generics present significant opportunities for companies to expand their reach.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Generic Drugs Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Generic Drugs Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Generic Drugs Market is estimated to witness a CAGR of 7.9% from 2023 to 2031.
The major factors driving the market are: Cost-effectiveness of generics, Expiry of branded drug patents, Supportive government policies.
Key future trends in this market are - Rising Demand for Cost-Effective Medications, Expanding Biosimilar Approvals, Growing Focus on Emerging Markets
Key companies of this market are: Teva Pharmaceutical Industries Ltd., Mylan N.V., Dr. Reddy's Laboratories Ltd., Novartis Pharmaceuticals Corporation, Apotex Inc., Pfizer Inc., Endo Pharmaceuticals Inc., Fresenius Kabi AG, Lupin Pharmaceuticals, Inc.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Generic Drugs Market - By Product Type
1.3.2 Generic Drugs Market - By Application
1.3.3 Generic Drugs Market - By Distribution Channel
1.3.4 Generic Drugs Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. GENERIC DRUGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 Asia-Pacific - Pest Analysis
4.3.4 Middle East and Africa - Pest Analysis
4.3.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GENERIC DRUGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GENERIC DRUGS MARKET - GLOBAL MARKET ANALYSIS
6.1. GENERIC DRUGS - GLOBAL MARKET OVERVIEW
6.2. GENERIC DRUGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GENERIC DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BIOSIMILARS
7.3.1. Overview
7.3.2. Biosimilars Market Forecast and Analysis
7.4. SUPER GENERIC
7.4.1. Overview
7.4.2. Super Generic Market Forecast and Analysis
7.5. SIMPLE GENERIC
7.5.1. Overview
7.5.2. Simple Generic Market Forecast and Analysis
8. GENERIC DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ANTI-INFECTIVE DRUGS
8.3.1. Overview
8.3.2. Anti-Infective Drugs Market Forecast and Analysis
8.4. ANTI-ARTHRITIS DRUGS
8.4.1. Overview
8.4.2. Anti-Arthritis Drugs Market Forecast and Analysis
8.5. ANTI-CANCER DRUGS
8.5.1. Overview
8.5.2. Anti-Cancer Drugs Market Forecast and Analysis
8.6. CENTRAL NERVOUS SYSTEM DRUGS
8.6.1. Overview
8.6.2. Central Nervous System Drugs Market Forecast and Analysis
8.7. CARDIOVASCULAR DRUGS
8.7.1. Overview
8.7.2. Cardiovascular Drugs Market Forecast and Analysis
8.8. RESPIRATORY DRUGS AND OTHER APPLICATIONS
8.8.1. Overview
8.8.2. Respiratory Drugs and Other Applications Market Forecast and Analysis
9. GENERIC DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. PHARMACIES
9.4.1. Overview
9.4.2. Pharmacies Market Forecast and Analysis
9.5. PRIVATE CLINICS
9.5.1. Overview
9.5.2. Private Clinics Market Forecast and Analysis
9.6. OTHER DISTRIBUTION CHANNELS
9.6.1. Overview
9.6.2. Other Distribution Channels Market Forecast and Analysis
10. GENERIC DRUGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Generic Drugs Market Overview
10.1.2 North America Generic Drugs Market Forecasts and Analysis
10.1.3 North America Market Forecasts and Analysis - By Product Type
10.1.4 North America Market Forecasts and Analysis - By Application
10.1.5 North America Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Market Forecasts and Analysis - By Countries
10.1.6.1 United States Market
10.1.6.1.1 United States Market by Product Type
10.1.6.1.2 United States Market by Application
10.1.6.1.3 United States Market by Distribution Channel
10.1.6.2 Canada Market
10.1.6.2.1 Canada Market by Product Type
10.1.6.2.2 Canada Market by Application
10.1.6.2.3 Canada Market by Distribution Channel
10.1.6.3 Mexico Market
10.1.6.3.1 Mexico Market by Product Type
10.1.6.3.2 Mexico Market by Application
10.1.6.3.3 Mexico Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Generic Drugs Market Overview
10.2.2 Europe Generic Drugs Market Forecasts and Analysis
10.2.3 Europe Market Forecasts and Analysis - By Product Type
10.2.4 Europe Market Forecasts and Analysis - By Application
10.2.5 Europe Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Market
10.2.6.1.1 Germany Market by Product Type
10.2.6.1.2 Germany Market by Application
10.2.6.1.3 Germany Market by Distribution Channel
10.2.6.2 France Market
10.2.6.2.1 France Market by Product Type
10.2.6.2.2 France Market by Application
10.2.6.2.3 France Market by Distribution Channel
10.2.6.3 Italy Market
10.2.6.3.1 Italy Market by Product Type
10.2.6.3.2 Italy Market by Application
10.2.6.3.3 Italy Market by Distribution Channel
10.2.6.4 Spain Market
10.2.6.4.1 Spain Market by Product Type
10.2.6.4.2 Spain Market by Application
10.2.6.4.3 Spain Market by Distribution Channel
10.2.6.5 United Kingdom Market
10.2.6.5.1 United Kingdom Market by Product Type
10.2.6.5.2 United Kingdom Market by Application
10.2.6.5.3 United Kingdom Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Generic Drugs Market Overview
10.3.2 Asia-Pacific Generic Drugs Market Forecasts and Analysis
10.3.3 Asia-Pacific Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Market
10.3.6.1.1 Australia Market by Product Type
10.3.6.1.2 Australia Market by Application
10.3.6.1.3 Australia Market by Distribution Channel
10.3.6.2 China Market
10.3.6.2.1 China Market by Product Type
10.3.6.2.2 China Market by Application
10.3.6.2.3 China Market by Distribution Channel
10.3.6.3 India Market
10.3.6.3.1 India Market by Product Type
10.3.6.3.2 India Market by Application
10.3.6.3.3 India Market by Distribution Channel
10.3.6.4 Japan Market
10.3.6.4.1 Japan Market by Product Type
10.3.6.4.2 Japan Market by Application
10.3.6.4.3 Japan Market by Distribution Channel
10.3.6.5 South Korea Market
10.3.6.5.1 South Korea Market by Product Type
10.3.6.5.2 South Korea Market by Application
10.3.6.5.3 South Korea Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Generic Drugs Market Overview
10.4.2 Middle East and Africa Generic Drugs Market Forecasts and Analysis
10.4.3 Middle East and Africa Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Market
10.4.6.1.1 South Africa Market by Product Type
10.4.6.1.2 South Africa Market by Application
10.4.6.1.3 South Africa Market by Distribution Channel
10.4.6.2 Saudi Arabia Market
10.4.6.2.1 Saudi Arabia Market by Product Type
10.4.6.2.2 Saudi Arabia Market by Application
10.4.6.2.3 Saudi Arabia Market by Distribution Channel
10.4.6.3 U.A.E Market
10.4.6.3.1 U.A.E Market by Product Type
10.4.6.3.2 U.A.E Market by Application
10.4.6.3.3 U.A.E Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Generic Drugs Market Overview
10.5.2 South and Central America Generic Drugs Market Forecasts and Analysis
10.5.3 South and Central America Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Market Forecasts and Analysis - By Application
10.5.5 South and Central America Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Market
10.5.6.1.1 Brazil Market by Product Type
10.5.6.1.2 Brazil Market by Application
10.5.6.1.3 Brazil Market by Distribution Channel
10.5.6.2 Argentina Market
10.5.6.2.1 Argentina Market by Product Type
10.5.6.2.2 Argentina Market by Application
10.5.6.2.3 Argentina Market by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. GENERIC DRUGS MARKET, KEY COMPANY PROFILES
12.1. TEVA PHARMACEUTICAL INDUSTRIES LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. MYLAN N.V.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DR. REDDY’S LABORATORIES LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. NOVARTIS PHARMACEUTICALS CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. APOTEX INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. PFIZER INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ENDO PHARMACEUTICALS INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. FRESENIUS KABI AG
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. LUPIN PHARMACEUTICALS, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. CIPLA INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Teva Pharmaceutical Industries Ltd.
2. Mylan N.V.
3. Dr. Reddy's Laboratories Ltd.
4. Novartis Pharmaceuticals Corporation
5. Apotex Inc.
6. Pfizer Inc.
7. Endo Pharmaceuticals Inc.
8. Fresenius Kabi AG
9. Lupin Pharmaceuticals, Inc.
10. Cipla Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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