Press release
Branded Generics Market Set to Surge to 410.86 Billion by 2032, Reflecting a 5.60% CAGR Growth | PMR
๐๐๐๐จ๐ซ๐๐ข๐ง๐ ๐ญ๐จ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐ง๐๐๐ ๐ ๐๐ง๐๐ซ๐ข๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ ๐๐ง๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ญ ๐ ๐๐๐๐ ๐จ๐ ๐.๐๐% ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.The rising prevalence of chronic conditions such as diabetes, cancer, and cardiovascular diseases is one of the major trends shaping the market trajectory. The Branded Generics Market report by Polaris Market Research offers a thorough analysis of the market. All the major industry aspects, including market share, size, growth trends, recent development, and segmental overview, have been covered to help businesses make highly informed decisions.
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/branded-generics-market/request-for-sample
๐๐ก๐ ๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ง ๐๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ ๐๐ข๐ฏ๐๐ง ๐๐๐ฅ๐จ๐ฐ:
โข Teva Pharmaceutical
โข Lupin
โข Sanofi
โข Sun Pharmaceutical Industries
โข Dr. Reddy's Laboratories
โข Endo International
โข GlaxoSmithKline
โข Pfizer
โข Apotex
โข Viatris Inc
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
โข ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐: The global market for branded generics was valued at USD 252.46 billion in 2023 and is expected to grow to USD 410.86 billion by 2032.
โข ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ญ๐: The industry is projected to grow at a CAGR of 5.60 % during the forecast period from 2024 to 2032.
โข ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐๐จ๐ฏ๐๐ซ๐๐:The market is primarily segmented based on drug class, application, route of administration, distribution channel, and region.
โข ๐๐๐ ๐ข๐จ๐ง๐ฌ ๐๐ง๐๐ฅ๐ฎ๐๐๐:The study covers all the major market regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
๐๐๐ญ ๐๐ก๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/2509/2
๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง
When a new medicine is introduced in the market, it is patented and sold under a specific brand name. After the expiration of the medicine's patent, other firms may sell generic versions of the medicine. These generic versions slightly differ from the branded version, but tend to have the same efficacy. Generic alternatives are typically cheaper than their branded-name counterparts.
This is because companies that manufacture these drugs don't need to make heavy investments in developing and marketing them. Branded generics are available for numerous drug classes, including Alkylating agents, antimetabolites, hormones, anti-hypertensive, anti-depressants, and anti-psychotics, amongst others.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
High ANDA approvals and the introduction of generic products are major factors supporting branded generics market growth. Besides, governments worldwide are promoting the use of generic drugs to lower healthcare costs and enhance access to affordable healthcare. The government initiatives to promote generic products are also impacting the industry demand favorably.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
๐๐ฒ ๐๐ซ๐ฎ๐ ๐๐ฅ๐๐ฌ๐ฌ
โข Alkylating Agents
โข Antimetabolites
โข Hormones
โข Anti-Hypertensive
โข Lipid Lowering Drugs
โข Anti-Depressants
โข Anti-Psychotics
โข Anti-Epileptics
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โข Oncology
โข Cardiovascular Diseases
โข Neurological Diseases
โข Gastrointestinal Diseases
โข Dermatological Diseases
โข Acute and Chronic Pain
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
โข Topical
โข Oral
โข Parenteral
โข Others
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
๐๐ก๐ซ๐จ๐ง๐ข๐ ๐๐ข๐ฌ๐๐๐ฌ๐๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ: Branded generics play a crucial role in the management of chronic diseases such as hypertension, diabetes, and cardiovascular conditions, providing affordable treatment options for long-term use.
๐๐ง๐๐๐๐ญ๐ข๐จ๐ฎ๐ฌ ๐๐ข๐ฌ๐๐๐ฌ๐๐ฌ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ: Branded generics contribute significantly to the treatment of infectious diseases, including antibiotics for bacterial infections and antivirals for viral illnesses, addressing public health needs globally.
๐๐ง๐๐จ๐ฅ๐จ๐ ๐ฒ ๐๐ก๐๐ซ๐๐ฉ๐ข๐๐ฌ:Branded generics offer affordable alternatives for cancer treatments, including chemotherapy drugs and supportive medications, improving access to essential oncology therapies.
๐๐๐ง๐ญ๐๐ฅ ๐๐๐๐ฅ๐ญ๐ก ๐๐๐๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ: Branded generics in the mental health sector provide cost-effective options for treating conditions such as depression, anxiety, and bipolar disorder, enhancing access to psychiatric care.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/branded-generics-market
๐๐ซ๐๐ง๐๐๐ ๐๐๐ง๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข Anti-hypersensitive segment accounted for the largest share, owing to rise in cardiac ailments among geriatrics, and availability of low-cost alternatives
โข Oral segment accounted for the larger market share, owing to the advantages of oral based drug administration with minimal nursing experience, with high accept patient acceptability
โข Retail pharmacy is projected to experience larger revenue share, primarily due to increase in number of retail pharmacies in the developed markets
โข APAC is projected to register a higher growth rate in the study period, due to increase in preference of low-cost medicines
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐๐ง๐ ๐๐ก๐๐ซ๐๐ฉ๐ฒ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/gene-therapy-market
๐๐๐๐ซ๐ข๐ง๐ ๐๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-hearing-aids-market
๐ ๐๐๐ข๐๐ฅ ๐๐ง๐ฃ๐๐๐ญ๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-facial-injectable-market
๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐๐ฏ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-diabetes-device-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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