Press release
East Africa Generic Drug Market Size, Competitive Analysis, Growth Factors, Insights and Forecast 2023-2028
East Africa Generic Drug Market Report
How Big is the East Africa Generic Drug Market?
The East Africa generic drug market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/east-africa-generic-drug-market/requestsample
What is Generic Drug?
Generic drugs refer to medications that contain the same active ingredients and have the identical therapeutic effect as their branded counterparts. These drugs may differ in packaging but are similar in quality, strength, dosage, performance, and efficiency. Generic drugs are relatively less expensive than branded drugs, as the production does not require extensive research. In addition, their production does not involve the repetition of clinical and animal studies to measure the effectiveness and safety of the medicine. Consequently, generic drugs are gaining immense traction across the region.
What are the Growth Prospects and Trends in the East Africa Generic Drug Industry?
The inflating levels of urbanization and improving infrastructure and healthcare facilities are primarily augmenting the East Africa generic drug market. Furthermore, the launch of price control policies and the implementation of restrictions to encourage domestic drug manufacturing by government bodies of different countries in the region are positively influencing the market growth. Apart from this, the growing geriatric population and the increasing occurrence of chronic medical disorders, including cancer, diabetes, and cardiovascular diseases, are acting as significant growth-inducing factors. Moreover, the shifting dietary preferences and hectic schedules of consumers are leading to numerous conditions, which is also bolstering the regional market. Besides this, the introduction of effective generic drugs and providing easy availability by key players are further catalyzing the market growth. Additionally, the low production cost of generic medicines is also driving the regional market. In addition to this, the rising focus of leading manufacturers on partnership strategies to develop new products is further fueling the market growth. Furthermore, the increasing investments in extensive R&D activities and technological advancements in medicine formulation are expected to drive the East Africa generic drug market in the coming years.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: 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.
What is Included in Market Segmentation?
The report has categorized the market based on segment, therapy area, drug delivery and distribution channel.
Breakup by Segment:
โข Unbranded Generics
โข Branded Generics
Based on Therapy Area:
โข Central Nervous System
โข Cardiovascular
โข Dermatology
โข Genitourinary/Hormonal
โข Respiratory
โข Rheumatology
โข Diabetes
โข Oncology
โข Others
Analysed by Drug Delivery:
โข Oral
โข Injectables
โข Dermal/Topical
โข Inhalers
Breakup by Distribution Channel:
โข Retail Pharmacies
โข Hospital Pharmacies
Countries Covered:
โข Uganda
โข Burundi
โข Rwanda
โข Kenya
โข Tanzania
โข Others
Who are the Key Players Operating in the East Africa Generic Drug Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ (๐๐% ๐ ๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง): https://www.imarcgroup.com/request?type=report&id=3275&flag=C
Key Highlights of The Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Value Chain Analysis
โข 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.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
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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