Press release
Europe Generic Drugs Market Trends, Size, Competitive Analysis and Forecast 2020-2026
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Additionally, in November 2020, the European Commission makes a draft that intends to make it easier for patients to gain access to low-cost, generic medicines. This draft could cut the revenues of major pharma companies. The European Commission will consider targeted policies that facilitate higher competition in generic and biosimilar. Removal of barriers that delays the entry of generic medicines is also expected to witness by 2022. Such kinds of initiatives will further escalate market growth.
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A full Report of Europe Generic Drugs Market is Available at: https://www.omrglobal.com/industry-reports/europe-generic-drugs-market
Scope of the Europe 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
• Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
• Competitive Landscape- Mylan N.V., Teva Pharmaceutical Industries Ltd., Lupin Ltd., and Novartis International AG
Recent Strategic Initiatives in the Europe 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.
Europe Generic Drugs Market-Segmentation
By Application
• Cancer
• CVD
• Musculoskeletal Diseases
• Infectious Diseases
• Neurology
• Diabetes
• Others
By Route of Administration
• Oral
• Topical
• Injectable
• Inhaler
Europe Generic Drugs Market– Segment by Country
• Germany
• UK
• France
• Spain
• Italy
Rest of Europe
Company Profiles
• Alvion Pharmaceuticals P.C
• Fresenius SE & Co. KGaA
• GlaxoSmithKline plc
• Hikma Pharmaceuticals PLC
• Lupin Ltd.
• Mylan N.V.
• Novartis International AG
• Novo Nordisk A/S
• StadaArzneimittel AG
• Teva Pharmaceutical Industries Ltd.
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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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