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2022 Generic Pharmaceuticals Global Market Research Report By Application, By Type, By Region, Shares, Trends And Forecast 2031
Generic Pharmaceuticals Market
According to The Business Research Company's generic pharmaceuticals market report, The global generic pharmaceuticals market size reached a value of nearly $185,983.4 million in 2020 to $258,162.8 million in 2025 at a rate of 6.8%. The global generic pharmaceuticals market size is then expected to grow at a CAGR of 7.4% from 2025 and reach $369,152.8 million in 2030.
The rising incidence of chronic diseases is one of the major drivers of the generic pharmaceuticals market. As more individuals are diagnosed with chronic diseases, they look for more medicines for treatment. Branded drugs come at a premium price, while generic drugs are available at a lower cost having the same chemical composition as branded drugs. The low cost and same chemical composition and strength of generic drugs make a patient buy generic drugs instead of branded drugs. If it is a chronic disease, the treatment goes on for a longer period, and hence, the sales of generic drugs also increase. For instance, according to the WHO (World Health Organization), over the next 10 years, deaths due to chronic disease is projected to increase by 17%. Also, in 2020, almost 3-quarters of all deaths in the world are due to chronic diseases.
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The generic pharmaceuticals market is segmented -
• By Therapy: a) CNS, Cardiovascular, Dermatology, Genitourinary/Harmonal, Respiratory, Rheumatology, Diabetes, Oncology, Biosimilars
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the generic pharmaceuticals market.
Major competitors in the generic pharmaceuticals market include Teva Pharmaceutical Industries Ltd., Novartis AG, Sun Pharmaceutical Industries Ltd., Fresenius Kabi, Aurobindo Pharma Limited
See The Full Generic pharmaceuticals Market Report Here:
https://www.thebusinessresearchcompany.com/report/generic-pharmaceuticals-market
The generic pharmaceuticals market consists of the sales of generic pharmaceuticals and relates to services by entities (organizations, sole traders, or partnerships) that produce generic pharmaceuticals including biosimilars.
The Table Of Content For The Generic pharmaceuticals Market Include:
1. Generic pharmaceuticals Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……..
21. Key Mergers And Acquisitions In The Generic Pharmaceuticals Market
22. Generic Pharmaceuticals Market Future Outlook and Potential Analysis
23. Appendix
The Business Research Company's "Global Generic pharmaceuticals Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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