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Branded Generics Market Trends, Top Companies, Share, Growth And Forecast 2032
Branded Generics Market
Branded Generics Market Size, Growth Rate, And Forecast
The global branded generics market size grew from $304.16 billion in 2022 to $329.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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, causing inflation across goods and services and affecting many markets across the globe. The branded generics market size is expected to grow to $464.58 billion in 2027 at a CAGR of 8.9%.
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Branded Generics Market Drivers
The increasing prevalence of chronic diseases will drive the growth rate of branded generics market. Chronic diseases are long-lasting sicknesses that often cannot be healed, however, they are curable and controllable. Chronic diseases are increasing due to the increasing use of tobacco products, poor nutrition, physical inactivity, excessive use of alcohol, and others. Customers across the globe are more inclined toward branded generics to treat chronic diseases as they purchase them at a lower cost than usual medications.
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Branded Generics Market Segments
• By Drug Class: Alkylating Agents, Antimetabolites, Hormones, Anti-hypertensive, Lipid Lowering Drugs, Anti-depressants, Anti-psychotics, Anti-Epileptics, Other Drugs
• By Route of Administration: Topical, Oral, Parenteral, Other Routes of Administration
• By Application: Oncology, Cardiovascular Diseases, Diabetes, Neurology, Gastrointestinal Diseases, Dermatology Diseases, Analgesics and Anti-inflammatory, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the branded genericsmarket.
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Branded Generics Market Key Players
Major competitors in the branded generics market include Pfizer Inc., GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Sanofi, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma
The Business Research Company's "Global Branded Generics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Branded Generics Market Include:
1. Executive Summary
2. Branded Generics Market Characteristics
3. Branded Generics Market Trends And Strategies
4. Branded Generics Market - Macro Economic Scenario
5. Branded Generics Market Size And Growth
……
26. Africa Branded Generics Market
27. Branded Generics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Branded Generics Market
29. Branded Generics Market Future Outlook and Potential Analysis
30. Appendix
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Branded generics are sold under a brand name without a patent. They can be developed by a generic drug firm or the original manufacturer and marketed after the original drug's patent expires.
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Major Companies operating in the Branded Generics Market are:
• Hetero
• Aspen Holdings
• Sandoz International GMBH
• Par Pharmaceuticals, INC
• Dr. Reddy's Laboratories
• AstraZeneca PLC
• Sanofi
• Lupin
• Bausch Health Companies Inc.
• GlaxoSmithKline plc.
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