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East Africa Generic Drug Market Size, Share and Outlook by 2027 | Segment, Therapy Area, Delivery and Distribution Channel

03-09-2023 09:10 AM CET | Health & Medicine

Press release from: IMARC Group

East Africa Generic Drug Market

East Africa Generic Drug Market

According to IMARC Group's latest report, titled "๐„๐š๐ฌ๐ญ ๐€๐Ÿ๐ซ๐ข๐œ๐š ๐†๐ž๐ง๐ž๐ซ๐ข๐œ ๐ƒ๐ซ๐ฎ๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•", the East Africa generic drug market size reached US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2027, exhibiting a growth rate (CAGR) of 6.97% during 2022-2027.

A generic drug is a medication that is developed to be the same as a brand-name drug in dosage, safety, strength, route of administration, quality, and intended use. Generic drugs usually have the same active ingredients as their branded counterparts and meet the same standards for safety, efficacy, and quality. However, because they do not have the same brand recognition and marketing costs, generic drugs are typically sold at a lower price than their branded counterparts. Generic drugs play an important role in East Africa healthcare by making medications more affordable and accessible to patients, particularly in developing countries and for individuals who lack health insurance coverage.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐„๐š๐ฌ๐ญ ๐€๐Ÿ๐ซ๐ข๐œ๐š ๐†๐ž๐ง๐ž๐ซ๐ข๐œ ๐ƒ๐ซ๐ฎ๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.imarcgroup.com/east-africa-generic-drug-market/requestsample

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the download sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

๐„๐š๐ฌ๐ญ ๐€๐Ÿ๐ซ๐ข๐œ๐š ๐†๐ž๐ง๐ž๐ซ๐ข๐œ ๐ƒ๐ซ๐ฎ๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The rising healthcare expenditures, especially in countries, such as Kenya, Uganda, and Tanzania, represent a significant factor driving the generic drug market growth in East Africa. In line with this, the increasing prevalence of chronic diseases, such as HIV/AIDS, malaria, and tuberculosis, along with the rising population is contributing to the market growth. In addition to this, stringent government policies and initiatives to promote the use of generic drugs, including price controls, generic substitution policies, and local production incentives, are creating a positive outlook for the generic drug market. Other factors, such as the increasing adoption of telemedicine and the growing awareness of the benefits of generic drugs among healthcare providers and patients, are contributing to the market growth across the region. In addition to this, the rising prevalence of sedentary consumer lifestyles, along with increasing incidences of heart diseases, cancer, diabetes, obesity, etc., will continue to propel the demand for generic drugs across East Africa in the coming years.

๐๐ฎ๐ฒ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=3275&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

๐†๐ž๐ง๐ž๐ซ๐ข๐œ ๐ƒ๐ซ๐ฎ๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

The report has categorized the market based on segment, therapy area, drug delivery and distribution channel.

Breakup by Segment:
โ€ข Unbranded Generics
โ€ข Branded Generics

Breakup by Therapy Area:
โ€ข Central Nervous System
โ€ข Cardiovascular
โ€ข Dermatology
โ€ข Genitourinary/Hormonal
โ€ข Respiratory
โ€ข Rheumatology
โ€ข Diabetes
โ€ข Oncology
โ€ข Others

Breakup by Drug Delivery:
โ€ข Oral
โ€ข Injectables
โ€ข Dermal/Topical
โ€ข Inhalers

Breakup by Distribution Channel:
โ€ข Retail Pharmacies
โ€ข Hospital Pharmacies

Breakup by Country:
โ€ข Uganda
โ€ข Burundi
โ€ข Rwanda
โ€ข Kenya
โ€ข Tanzania
โ€ข Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: https://www.imarcgroup.com/east-africa-generic-drug-market

๐Š๐ž๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022-2027)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Value Chain Analysis
โ€ข Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ:

Latin America Generic Drug Market: https://www.imarcgroup.com/latin-america-generic-drug-market
North Africa Generic Drug Market: https://www.imarcgroup.com/north-africa-generic-drug-market
West Africa Generic Drug Market: https://www.imarcgroup.com/west-africa-generic-drug-market
Precision Medicine Market: https://www.imarcgroup.com/precision-medicine-market
Smart Pills Market: https://www.imarcgroup.com/smart-pills-market

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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