Generic Drugs Market Explore Future Growth by Global Top Players – TEVA PHARMACEUTICAL INDUSTRIES, MYLAN N.V., NOVARTIS INTERNATIONAL AG, PFIZER, ALLERGAN PLC, SUN PHARMACEUTICALS, FRESENIUS KABI, ENDO INTERNATIONAL, SANOFI

Coherent Market Insights has announced the addition of the “Generic Drugs Market Size Status and Forecast 2024”, The report classifies the global Generic Drugs Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Generic Drugs Speaker market, analyzes and researches the Generic Drugs Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Teva Pharmaceutical Industries, Mylan N.V., Novartis International Ag, Pfizer, Allergan Plc, Sun Pharmaceuticals, Fresenius Kabi, Endo International, Sanofi

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Generic drugs market growth is buoyed by increasing number of patented expiries for drugs each year. According to the IMS data small-molecule products worth US$ 121 Bn are expected to lose patents in developed markets, such as U.S and Europe between 2014 and 2018. The IMS also forecasts that biologic products valued at US$ 48 Bn are expected to lose patent protection over the next three years i.e from 2017 and 2020, which is expected to drive growth of the generic drugs market. Global generics market is highly competitive with many Asia Pacific companies entering the developed markets such as the U.S., Germany, France, and UK. Recent past has witnessed spurt in mergers and acquisitions between generic drug manufacturers, with major players focusing on enhancing their product portfolio through such inorganic strategies. For instance, Teva Pharmaceutical Industries Pvt. Ltd., Pfizer, Inc., Mylan, Sun Pharmaceutical, and Fresenius Kabi entered into acquisitions to increase their revenue share in the generic drugs market.

Market segment by Regions/Countries, this report covers

United States
EU
Japan
China
India
Southeast Asia

Market segment by Type, Generic Drugs can be split into

Simple Generic Drugs
Super Generic Drugs
Biosimilars

Market segment by Application, Generic Drugs can be split into

CNS
Cardiovascular
Genitourinary/Hormonal Drugs
Respiratory
Rheumatology
Diabetes
Oncology
Others

Increase in number of competitor’s for generic drugs market put the pressure on manufacturers of pricing. Moreover, price celling actions by respective governments is further aggravating the profit margins of generic drug manufacturers. Considering the challenges of pricing pressure as generics outfits feel the pinch with thin margins, the market is expected to exhibit steady growth in the future.

Being a very lucrative market with a number of patent expires in the near future, it is essential for competitive analysis for market players. This could aid one in devising a unique strategy and process to sustain in this highly competitive generic drugs market.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.