Global Branded Generics Market Set to Soar at 13% CAGR from 2021 to 2028, Fuelled by Rising Chronic Diseases and Favorable Drug Reimbursement Policies

The Global Branded Generics Market is expected to experience robust growth in the coming years, with the market poised to expand at a compound annual growth rate (CAGR) of 13% between 2021 and 2028, according to a newly published report by Dataintelo. The strong growth predictions are primarily due to the increasing prevalence of chronic diseases such as cardiovascular diseases, diabetes, and neurological disorders. The report also identifies favorable reimbursement policies for generic drugs as a major stimulant for market expansion.

The report offers a detailed analysis of the global branded generics market, outlining relevant information crucial for stakeholders, business strategists, new entrants, and established market players. It offers key insights and theoretically sound forecasts, making it a valuable resource for in-depth understanding of the market trends, dynamics, challenges, and opportunities.

Increasing unmet medical needs and the desire for cost-effective treatment options fuel the demand for branded generics. This category of drugs offers affordable alternatives to patented drugs without compromising on efficacy. Their cost-effectiveness, coupled with favorable government policies encouraging the use of generics, are expected to continue bolstering market expansion over the forecast period.

The upsurge in geriatric populations and lifestyle-induced health disorders also contribute to market growth. The elderly population often require long-term and numerous medications, resulting in high out-of-pocket expenses. Here, branded generics serve as a feasible alternative offering similar effectiveness at a lower cost.

Geographically, the report specifies that North America dominates the global branded generics market due to the high incidence of chronic diseases and a well-established healthcare system. However, the Asia-Pacific region is expected to showcase significant growth during the forecast period, driven by increasing disease prevalence, growing health awareness, and improving healthcare infrastructure.

Overall, the global branded generics market looks set for a vigorous growth trajectory, propelled by various factors ranging from the omnipresence of chronic diseases, the ever-present need for cost-effective medicine, to beneficial policies supporting the adoption of generic drugs

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/274933

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The branded generics sales market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Oral Branded Generics
● Parenteral Branded Generics
● Topical Branded Generics
● Other Branded Generics

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Oncology
● Cardiovascular Diseases
● Diabetes
● Neurology
● Gastrointestinal Diseases

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Mylan NV
● Novartis AG
● Eva Pharmaceutical Industries
● Pfizer
● Sun Pharmaceutical Industries
● Aspen Pharmacare Holding
● Abbott Laboratories
● Bausch Health



The branded generics sales market is categorized into several types, including oral branded generics, parenteral branded generics, topical branded generics, and other branded generics. Oral branded generics are widely used due to their effectiveness and availability in various dosages. Parenteral branded generics are primarily used in hospitals and clinics because of their direct impact on the disease. Topical branded generics, on the other hand, are commonly used to treat skin disorders or diseases. Several leading players in the market, such as Mylan NV, Novartis AG, Pfizer, Sun Pharmaceutical Industries, and Aspen Pharmacare Holding, are known for their extensive range of branded generics.

Regional analysis suggests that the market for branded generics sales is nicely spread out. Asia Pacific is expected to hold the bulk of the market share due to the presence of a large patient pool and increased healthcare expenditure. North America and Europe are also predicted to have substantial market shares due to enhanced healthcare infrastructure and awareness of different diseases. Latin America, Middle East, and Africa region are also contributing toward the market growth with an increase in awareness of diseases and improvement in healthcare facilities. Key players operating in these regions include Eva Pharmaceutical Industries, Abbott Laboratories, and Bausch Health. They have been strategizing on geographic expansion, partnerships, and enhancing their product offerings to maintain their market position

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/274933

Market Drivers:

1. Aging Population: The demand for branded generics continues to rise due to an aging population that requires more medications to treat chronic conditions.

2. Cost Effectiveness: Branded generics are often more affordable than patented drugs, making them more accessible to patients, particularly in emerging markets.

3. Increased prevalence of chronic diseases: Higher incidences of chronic diseases such as diabetes, cardiovascular diseases, cancer, etc. are leading to increased demand for branded generic medicines.

4. Expiration of Patented Drugs: When a drug's patent expires, pharmaceutical companies can produce and market generic versions, helping to drive sales in this market.

5. Expansion in developing countries: Many pharmaceutical companies are expanding in developing countries, where the population has a growing ability to afford healthcare.

Opportunities:

1. Unfulfilled Medical Needs: Many areas around the world lack access to necessary medications due to the high costs associated with patented drugs. Branded generics present an opportunity to fill this gap.

2. Healthcare policy changes: Policies promoting the use of generic drugs over patent ones can present an opportunity for growth in the market.

3. Partnerships and Collaborations: Collaborating or partnering with local manufacturers can provide pharmaceutical companies with the opportunity to increase their branded generics sales.

4. Robust distribution channels: Maintaining flexible and robust distribution channels can be an immense opportunity to enrich generics sales.

5. Increasing generic drugs approvals: With the increasing number of generic drugs getting approved, pharmaceutical companies have the opportunity to capture large market shares.

6. Increased awareness and acceptance of generics: As awareness and acceptance increase, more opportunities are opened for the growth of branded generic sales.

7. Online Sales: Online sales of pharmaceuticals are gaining traction worldwide. This could represent a promising opportunity for the growth of branded generics market

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