Generic Pharmaceuticals Market Analysis 2022, Industry Size, Share By Regions, Growth, Key Players With Product Profiles, Application, Forecast To 2031

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The global generic pharmaceuticals market report by the business research company identifies rising incidence of chronic diseases to be a major growth driver for 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 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, the 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.

The global generic pharmaceuticals market is expected to grow from $302.39 billion in 2021 to $332.43 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The generic pharmaceuticals market is expected to reach $426.30 billion in 2026 at a CAGR of 6.4%.

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North America was the largest region in the generic pharmaceuticals market in 2021. Middle East is expected to be the fargest growing region in the forecast period. The regions covered in the generic pharmaceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the generic pharmaceuticals market are Teva Pharmaceuticals, Mylan NV, Sandoz International GmbH, Hospira (Pfizer Inc.), Sun Pharmaceutical, Lupin Limited, Endo International Plc, Dr Reddy's Laboratories, Apotex Holdings, Fresenius Kabi Ag, Aurbindo Pharma, Aspen Pharmacare, Sanofi, Cipla, Hikma Pharmaceuticals, Stada Arzneimittel, Krka Group, Nichi-Iko Pharmaceutical, Valeant, Zydus Cadila, Merck & Co, Mitsubishi Tanabe Pharma, Momenta Pharmaceuticals, Nexus Pharmaceuticals, Novo Nordisk, Ranbaxy Laboratories Ltd, Sawai Pharmaceuticals, Novartis AG, Pfizer and Johnson & Johnson Services.

The global generic pharmaceuticals market is segmented -
1) By Therapy: CNS, Cardiovascular, Dermatology, Genitourinary/Harmonal, Respiratory, Rheumatology, Diabetes, Oncology
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By Type: Biosimilar, Simple Generic, Super Generic
4) By Drug Delivery: Oral, Inectables, Dermal/Topical, Inhaler

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The Generic pharmaceuticals Market Report Contents Include
1. Executive Summary
2. Generic Pharmaceuticals Market Characteristics
3. Generic Pharmaceuticals Market Trends And Strategies
4. Generic Pharmaceuticals Market - Macro Economic Scenario
5. Generic Pharmaceuticals Market Size And Growth
....
28. Generic Pharmaceuticals Pipeline Analysis
29. Key Mergers And Acquisitions In The Generic Pharmaceuticals Market
30. Generic Pharmaceuticals Market Future Outlook and Potential Analysis
31. Appendix

This report covers the trends and market dynamics of the generic pharmaceuticals market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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