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Branded Generics Market Set to Surge to 410.86 Billion by 2032, Reflecting a 5.60% CAGR Growth | PMR

04-26-2024 05:44 AM CET | Health & Medicine

Press release from: Polaris Market Research & Consulting

Branded Generics Market

Branded Generics Market

๐€๐œ๐œ๐จ๐ซ๐๐ข๐ง๐  ๐ญ๐จ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐›๐ซ๐š๐ง๐๐ž๐ ๐ ๐ž๐ง๐ž๐ซ๐ข๐œ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ๐Ÿ“๐Ÿ.๐Ÿ’๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐š๐ง๐ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ’๐Ÿ๐ŸŽ.๐Ÿ–๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ“.๐Ÿ”๐ŸŽ% ๐๐ฎ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐.

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.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž:
https://www.polarismarketresearch.com/industry-analysis/branded-generics-market/request-for-sample

๐“๐ก๐ž ๐Š๐ž๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ˆ๐ง ๐“๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ซ๐ž ๐†๐ข๐ฏ๐ž๐ง ๐๐ž๐ฅ๐จ๐ฐ:

โ€ข Teva Pharmaceutical
โ€ข Lupin
โ€ข Sanofi
โ€ข Sun Pharmaceutical Industries
โ€ข Dr. Reddy's Laboratories
โ€ข Endo International
โ€ข GlaxoSmithKline
โ€ข Pfizer
โ€ข Apotex
โ€ข Viatris Inc

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

โ€ข ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž: 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.

โ€ข ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž: The industry is projected to grow at a CAGR of 5.60 % during the forecast period from 2024 to 2032.

โ€ข ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐:The market is primarily segmented based on drug class, application, route of administration, distribution channel, and region.

โ€ข ๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ž๐:The study covers all the major market regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

๐†๐ž๐ญ ๐€๐ก๐ž๐š๐ ๐ฐ๐ข๐ญ๐ก ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/2509/2

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง

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.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

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.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

๐๐ฒ ๐ƒ๐ซ๐ฎ๐  ๐‚๐ฅ๐š๐ฌ๐ฌ
โ€ข Alkylating Agents
โ€ข Antimetabolites
โ€ข Hormones
โ€ข Anti-Hypertensive
โ€ข Lipid Lowering Drugs
โ€ข Anti-Depressants
โ€ข Anti-Psychotics
โ€ข Anti-Epileptics

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง
โ€ข Oncology
โ€ข Cardiovascular Diseases
โ€ข Neurological Diseases
โ€ข Gastrointestinal Diseases
โ€ข Dermatological Diseases
โ€ข Acute and Chronic Pain

๐๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ
โ€ข Topical
โ€ข Oral
โ€ข Parenteral
โ€ข Others

๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ:

๐‚๐ก๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐ข๐ฌ๐ž๐š๐ฌ๐ž๐ฌ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ: 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.

๐ˆ๐ง๐Ÿ๐ž๐œ๐ญ๐ข๐จ๐ฎ๐ฌ ๐ƒ๐ข๐ฌ๐ž๐š๐ฌ๐ž๐ฌ ๐“๐ซ๐ž๐š๐ญ๐ฆ๐ž๐ง๐ญ: 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.

๐Ž๐ง๐œ๐จ๐ฅ๐จ๐ ๐ฒ ๐“๐ก๐ž๐ซ๐š๐ฉ๐ข๐ž๐ฌ:Branded generics offer affordable alternatives for cancer treatments, including chemotherapy drugs and supportive medications, improving access to essential oncology therapies.

๐Œ๐ž๐ง๐ญ๐š๐ฅ ๐‡๐ž๐š๐ฅ๐ญ๐ก ๐Œ๐ž๐๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ: 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.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/branded-generics-market

๐๐ซ๐š๐ง๐๐ž๐ ๐†๐ž๐ง๐ž๐ซ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Anti-hypersensitive segment accounted for the largest share, owing to rise in cardiac ailments among geriatrics, and availability of low-cost alternatives

โ€ข 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

โ€ข Retail pharmacy is projected to experience larger revenue share, primarily due to increase in number of retail pharmacies in the developed markets

โ€ข APAC is projected to register a higher growth rate in the study period, due to increase in preference of low-cost medicines

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

๐†๐ž๐ง๐ž ๐“๐ก๐ž๐ซ๐š๐ฉ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/gene-therapy-market

๐‡๐ž๐š๐ซ๐ข๐ง๐  ๐€๐ข๐๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-hearing-aids-market

๐…๐š๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ฃ๐ž๐œ๐ญ๐š๐›๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-facial-injectable-market

๐ƒ๐ข๐š๐›๐ž๐ญ๐ž๐ฌ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-diabetes-device-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:
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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