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Generic Oncology Drugs Market Share, Growth 2019, Global Players, Regional Overview, Fervent Players, Segments and Forecast To 2023

09-25-2019 11:54 AM CET | Health & Medicine

Press release from: The Insight Partners

Generic Oncology Drugs Market

Generic Oncology Drugs Market

Generic Oncology Drugs Market Report include on Theinsightpartners.com with Extensive Study. The report aims to provide an overview of Generic Oncology Drugs Market Report. Detail analysis on possible segments and sub segments of the market. – Forecast till 2027

The prominent players in the generic oncology drugs market focus on various growth strategies to enroot their presence and garner significant market share across the globe. Some of the notable players in the global generic oncology drugs market include Teva Pharmaceutical Industries Ltd., Sandoz International GMBH, Glenmark, Sun Pharmaceutical Industries Ltd, MSN Laboratories, Aurobindo Pharma, Intas Pharmaceuticals, Zydus Cadila, Mylan N.V., Cipla Inc., Fresenius Kabi AG, and Dr. Reddy’s Laboratories Ltd. Away from mainstream and conventional formulations, the research-based generics are likely to make a significant improvement in terms of performance, ease of use, and other benefits. For instance, in May 2017, Natco Pharma has launched generic version of pomalidomide capsules for treatment of blood cancer in the domestic market.

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Inorganic developments made by the companies that are operating in the generic oncology drugs market are acquisitions, mergers, and partnerships between companies. Companies such as Fresenius Kabi AG and Mylan N.V. have been implementing various inorganic developments that have bought about dynamic improvements in the market they are operating. Involvement of major players, has led to the availability of better services and products in the market.

Market Highlights:

The Global Generic Oncology Drugs Market is expected to reach US$ 36,029.60 Mn in 2027 from US$ 21,200.00 in 2018. The market is estimated to grow with a CAGR of 6.3% from 2019-2027.

Factors such as, growing cancer prevalence across the globe, new product launches and benefits offered by generic drugs are boosting the market over the years. In addition, the growing pharmaceutical industry in developing countries are likely to have a positive impact on the growth of the market in the coming years. 

Generic drugs are copies of branded drugs. Their pharmacological effects are similar to the branded counterparts. Generic drugs are cost effective as the manufacturers have not invested in the development and marketing of the new drug. When a drug patent expires, other manufacturers apply for FDA approval in order to manufacture and sell the product. Hence generic drugs are cheaper than branded drugs. The generic drug have exactly the same effects, dosage, side effects, route of administration, safety, risks, and strength as the original branded drug. Generic drugs are important in oncology as some anticancer drugs are only offered as generics. In most of the cases like, children with acute lymphoblastic leukemia or women patients with early-stage breast cancer are treated with generics. Generic drugs are extensively used in supportive care. The most significant benefit of using generic drugs is the cost, which is up to 85% less than that of a branded drugs. Thus, these benefits offered by generic drugs is likely to enhance the market growth during the forecast period.

Segmentation:

The Global Generic Oncology Drugs Market, based on the indication was segmented into lung cancer, stomach cancer, colorectal cancer, breast cancer, prostate cancer, liver cancer, kidney cancer, cervical cancer, others. In 2018, the lung cancer segment held the largest share of the market, by indication. The highest share of lung cancer segment attributes to the high prevalence of patients suffering with the lung cancer that can be treated with generic oncology drugs.  

Cancer is one of the leading cause of deaths across the globe and is extremely affecting the quality of life. Thus, cancer will be burden on society if not diagnosed and treated on time. According to the World Health Organization in 2018, approximately, 9.6 million deaths across the globe were due to cancer. Furthermore, the National Cancer Institute predicted that in 2018, approximately 1,735,350 new cancer cases will be diagnosed in the US. Furthermore, Asia Pacific region is also facing the problem of growing prevalence of cancer. The top 15 countries with Cancer prevalence are: Japan, Taiwan, Singapore, South Korea, Malaysia, Thailand, China, Philippines, Sri Lanka, Vietnam, Indonesia, Mongolia, India, Laos, and Cambodia. According to the National Institute of Cancer Prevention and Research (NICPR), in 2018, in India total deaths due to cancer were 784,821. These statistics determine an increase in the demand for advanced cancer diagnostics in various regions across the globe. Thus driving the growth of generic oncology drugs during the forecast period.

Global Generic Oncology Drugs Market – By Geography

North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific (APAC)
Japan
China
India
Australia
South Korea
Middle East & Africa (MEA)
South Africa
UAE
Saudi Arabia
South & Central America (SCAM)
Brazil
Argentina

Some Points from TOC:

Introduction
1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1       Global Generic Oncology Drugs Market – By Molecule Type

1.3.2       Global Generic Oncology Drugs Market – By Application

1.3.3       Global Generic Oncology Drugs Market – By Geography

Global Generic Oncology Drugs Market – Key Takeaways
Research Methodology
3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

Continued….

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