Press release
Branded Generics Market Expanding Awareness Worldwide By 2018 and Top Industry Players Like Mylan, Lupin Pharmaceuticals, Teva Pharmaceuticals, Novartis, Abbott, STADA, Allergan, Aurobindo Pharma, Sun Pharmaceutical Sdn Bhd, Allergan, Aspen Pharma, Novart
The Global close to Branded generics business report provides a basic summary of the business as well as definitions, classifications, applications and business chain structure. The close to Branded generics business analysis is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development standing.Firstly, this report focuses on worth, sales, revenue and rate of every kind, additionally because the sorts and every kind worth of key makers, through interviewing key makers. Second on basis of segments by makers, this report focuses on the sales, worth of every kind, average worth of close to Branded generics, revenue and market share, for key makers. This market accounted to USD 190.3 billion in 2016 growing at a CAGR of 7.5% during the forecast period of 2017 to 2024.
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Branded generics are off-patent drugs are bioequivalent to the original product which are marketed under other company’s brand name. the products offer value to patients and healthcare professionals preferring branded drugs.
The Branded Generics Market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. The major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The branded generics market is highly fragmented and is based on new product launches and clinical results of products. Some of the major players operating in branded generics market are
· Teva Pharmaceutical Industries Ltd.,
· Novartis International AG.,
· Mylan N.V.,
· Abbott Healthcare Pvt Ltd.,
· Actavis pharmaceuticals,
· Sun Pharmaceutical Industries Limited,
· Allergan,
· STADA Arzneimittel,
Others: Lupin Pharmaceuticals, Aspen Pharmacare Holding, Dr. Reddy’s, Aurobindo, Cipla, Novartis AG, Pfizer , Eva Pharmaceutical Industries , Abbott Laboratories, Valeant Pharmaceuticals International among others
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Major Market Drivers and Restraints:
Government initiatives
Increase in the number of patent expiration of branded drugs
Increasing incidences of chronic diseases
Limited availability of generic drugs
Branded Generics Market Segmentation
· By formulation type the market for branded generics market is segmented into oral, parental, topical. By therapeutic application the branded generics market is segmented into
o oncology,
o cardiovascular,
o diabetes,
o neurology,
o gastrointestinal,
o dermatology,
o analgesics and anti-inflammatory.
· On the basis of drug class the market is segmented into alkylating agents, antimetabolites, hormones, anti-hypertensive, lipid lowering drugs, anti-depressants, anti-psychotics, anti-epileptics, others. By category the market is segmented into simple generics, super generics, biosimilars.
· On the basis of end-users the branded generics market is segmented into hospital, clinic, and ambulatory center.
· On the basis of geography, branded generics market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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