Press release
Generic Oncology Drugs Market: An Analysis of Market Size, Notable Trends, and Key Players
Generic Oncology Drugs Market Size
What Is The Projected Market Size Of The Global Generic Oncology Drugs Market And Its Growth Rate?
• The market size for generic oncology drugs had shown a robust growth in the past years, from $27.24 billion in 2024 to $29.15 billion in 2025, with a CAGR of 7.0%.
• This growth was mainly attributed to factors such as patent expirations, healthcare cost containment, increased cancer prevalence, health insurance coverage, and physician prescribing practices.
• The market is expected to further expand in the forthcoming years, having an estimated size of $38.16 billion in 2029, and a consistent CAGR of 7.0%.
• The forecasted growth is due to numerous reasons including biosimilar approvals, increased competition, telemedicine and remote care, tailored treatment paradigm, pricing pressure.
What Is Driving The Growth In The Generic Oncology Drugs Market?
A significant rise in the number of cancer patients is fueling the growth of the generic oncology drugs market. Cancer, a disease characterized by uncontrolled cell growth, negatively impacts various organs and significantly contributes to morbidity and mortality globally. The availability of cost-effective generic oncology drugs plays a critical role in cancer treatment as it not only increases access to essential therapies but also promotes market competition and reduces healthcare costs. For instance, the National Cancer Institute reported in January 2022 that approximately 5.4% of the US population, equating to 18.1 million individuals, are cancer survivors. Additionally, about 623,405 individuals are living with metastatic breast, prostate, lung, colorectal, or bladder cancer, or metastatic melanoma in 2022, with a projection to rise to 693,452 by 2025. Hence, the considerable rise in cancer patients is spurring the growth of the generic oncology drugs market.
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Who Are the Key Players Driving Generic Oncology Drugs Market Growth?
• Pfizer Inc.
• AbbVie
• Novartis AG
• Bristol-Myers Squibb Company
• AstraZeneca Plc
• Abbott Laboratories
• Fresenius Kabi AG
• GlaxoSmithKline PLC
• Eli Lilly and Company
• Merck & Co. Inc.
• Baxter International Inc.
• Mylan N.V.
• Sun Pharmaceutical Industries Ltd.
• Teva Pharmaceutical Industries Ltd.
• Dr. Reddy's Laboratories Ltd.
• Aurobindo Pharma Limited
• Cipla Inc.
• Hikma Pharmaceuticals
• Endo Pharmaceuticals Inc.
• Aspen Pharmacare Holdings Limited
• Lupin Limited
• Towa Pharmaceutical Co Ltd
• Torrent Pharmaceuticals Ltd.
• Cadila Healthcare Ltd.
• Accord Healthcare
What Are The Key Trends In The Generic Oncology Drugs Market?
• Increased pharmacovigilance
• Regulatory streamlining
• A focus on combination therapy
• Precision generic oncology medications
• Expanded market access
What Are The Segments Of The Global Generic Oncology Drugs Market?
• By Molecule Type: Large Molecule, Small Molecule
• By Route Of Administration: Oral, Parenteral
• By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacies, Managed Care Institutions
Which Region Leads The Generic Oncology Drugs Market?
North America had the largest share in the generic oncology drugs market in 2024. The generic oncology drugs market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Generic Oncology Drugs Market Global Market Report?
- Market Size Analysis: Analyze the Generic Oncology Drugs Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Generic Oncology Drugs Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Generic Oncology Drugs Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Generic Oncology Drugs Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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