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Global Specialty Generics Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Once a specialty drug's patent expires, generic versions of it are referred to as specialty generics. Complex, chronic diseases like cancer, multiple sclerosis, and rheumatoid arthritis may all be treated with these medications. Specialty generics are less expensive than branded equivalents because they have lower development and marketing expenses.
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Asia Pacific region is anticipated to witness rapid growth throughout the extrapolated period, due to the expansion of biopharmaceutical companies in China and India, which is anticipated to drive the market in this region. Additionally, the region is expanding as a result of the favorable regulatory regulations governing the approval and introduction of new generic drugs there. However, pharmaceutical companies are continually working to promote specialty medications in the region. The market in the Asia-Pacific area has grown as a result of these factors.
Some of the key players in Specialty Generics market include Akorn, Inc., Amneal Pharmaceuticals LLC, Bausch Health Companies Inc, Dr. Reddy's Laboratories, Ltd., Endo International plc., Endo Pharmaceuticals Inc., Hikma Pharmaceuticals PLC, Lupin, Mallinckrodt, Mylan N.V., Novartis AG, Pfizer, Inc., Sandoz International GmbH, Sun Pharmaceutical Industries, Ltd., Teva Pharmaceuticals USA, Inc. and Viatris Inc.
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