Press release
UK Generic Drugs Market Growth, Size, Share, Industry Report and Forecast 2020-2026
To Request a Sample of our Report on UK Generic Drugs Market: https://www.omrglobal.com/request-sample/uk-generic-drugs-market
Moreover, as per Diabetes UK, in 2018-2019, there were 3.9 million people who have been diagnosed with diabetes in the UK. This leads to an increasing demand for generic medicines for diabetes which include Glyburide, Glimepiride (Amaryl), and Glipizide. Further, Eli Lilly offers a generic version of Sanofi’s Lantus insulin, named Abasria insulin that is recommended for the treatment of diabetes. Cost is the major benefit associated with the use of generic drugs. The cost of generic drugs can be up to 85% lower compared to the brand-name drug. This, in turn, is supporting to drive market growth.
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A full Report of UK Generic Drugs Market is Available at: https://www.omrglobal.com/industry-reports/uk-generic-drugs-market
Scope of the UK Generic Drugs Market
Market Coverage
• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Application and Route of Administration
• Competitive Landscape- Mylan N.V., Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Hikma Pharmaceuticals plc, and Novartis International AG
Recent Strategic Initiatives in the UK Generic Drugs Market
• In November 2020, the European Medicine Agency’s (EMA) declared that it recommends granting marketing authorization for the generic drug Lenalidomide Mylan (lenalidomide). This hard capsule is indicated to treat follicular lymphoma and multiple myeloma. It is a generic version of Celgene’s Revlimid, approved in the European Union (EU) since 2007.
• In July 2019, Sandoz, a part of Novartis International AG declared the introduction of the generic cancer drug gefitinib which is intended for adult patients suffering from locally advanced or metastatic non-small cell lung cancer. It is available in 13 countries across Europe and the company will constantly widen to other countries through a phased rollout.
UK Generic Drugs Market-Segmentation
By Application
• Cancer
• CVD
• Musculoskeletal Diseases
• Infectious Diseases
• Neurology
• Diabetes
• Others
By Route of Administration
• Oral
• Topical
• Injectable
• Inhaler
Company Profiles
• AstraZeneca plc
• Aurobindo Pharma Ltd.
• Biocon Ltd.
• GlaxoSmithKline plc
• Glenmark Pharmaceuticals Ltd.
• Hikma Pharmaceuticals PLC
• Lupin Ltd.
• Mylan N.V.
• Sun Pharmaceutical Industries Ltd.
• Teva Pharmaceutical Industries Ltd.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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