Press release
Generic Drugs Market Size, Share, Development by 2023
A generic drug is a pharmaceutical drug that is equivalent to a brand-name product in dosage, strength, route of administration, quality, performance, and intended use. The term may also refer to any drug marketed under its chemical name without advertising, or to the chemical makeup of a drug rather than the brand name under which the drug is sold.
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Global Generic Drugs Market: Forecast by Type / Application / Region
The global average gross margin of generic drugs is in the decreasing trend, from 45.19% in 2011 to 43.56% in 2015. With the situation of global economy, gross margin will be in decreasing trend in the following five years.
The classification of generic drugs includes simple generic drugs, super generic drugs and biosimilars. And the proportion of simple generic drugs in 2015 is about 80% and the proportion is in decreasing trend from 2011 to 2015. The super generic drugs in 2015 are about 18.7% and the proportion is in increasing trend from 2011 to 2015.
North America region is the largest supplier of generic drugs, with a revenue market share nearly 31.5% in 2015. Europe is the second largest supplier of generic drugs, enjoying revenue market share nearly 26.5% in 2015, India is also an important areas, and with the revenue market share is 22.8% in 2015.
Over the next five years, LPI(LP Information) projects that Generic Drugs will register a 9.8% CAGR in terms of revenue, reach US$ 369400 million by 2023, from US$ 210800 million in 2017.
Global Generic Drugs Market: Key Players
Teva
Novartis - Sandoz
Mylan
Sun Pharmaceutical
Aspen
Fresenius Kabi
Pfizer (Hospira)
Sanofi
Aurobindo
Lupin
Dr. Reddy's
Apotex
Cipla
ENDO (Par Pharmaceutical)
Stada Arzneimittel
Krka Group
Nichi-Iko Pharmaceutical
Valeant
Zydus Cadila
Hikma
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Related Information:
United States Generic Drugs Market Research Report 2018
Europe Generic Drugs Market Research Report 2018
North America Generic Drugs Market Research Report 2018
Asia-Pacific Generic Drugs Market Research Report 2018
China Generic Drugs Market Research Report 2018
EMEA Generic Drugs Market Research Report 2018
Global Generic Drugs Market Research Report 2018
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