Press release
Branded Generics Market Projected to Reach $601.4 Billion by 2029: Gaining Impetus from Rising Chronic Diseases and Strategic Partnerships
The Branded Generics Market Gears up for Stellar Expansion with a CAGR of 10.9%What Is The Projected Market Size Of The Global Branded Generics Market And Its Growth Rate?
The branded generics market promises tremendous growth potential:
•The market has expanded from $363.49 billion in 2024 to $397.19 billion in 2025 at a CAGR of 9.3%.
•The forecast period sees a surging market size with an expected growth to $601.4 billion in 2029 at a CAGR of 10.9%.
Where Is The Branded Generics Market Headed?
The increasing prevalence of chronic diseases is propelling the market growth. The rise in sicknesses that cannot be cured but managed, is influencing consumers towards branded generics as cost-efficient alternatives to regular medication. As per the World Health Organization (WHO), 41 million annual deaths are caused by noncommunicable diseases (NCDs) or chronic diseases, signifying a potential market for branded generics.
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Who Are the Key Players Driving Branded Generics Market Growth?
Leading companies orchestrating the market growth are:
•Pfizer Inc.
•F. Hoffmann-La Roche AG
•Sanofi SA
•AstraZeneca plc
•GlaxoSmithKline plc
•Viatris Inc.
•Teva Pharmaceutical Industries Ltd.
•Alkem Laboratories Ltd.
•Mylan N.V.
•Sandoz International GmbH
•Bausch Health Companies Inc.
What Are The Key Trends In The Branded Generics Market?
The prominent trends steering the branded generics market include:
•Strategic partnerships and collaborations
•Technological advancements
•Focus on chronic diseases
•Market consolidation
•Patient-centric approach
What Are The Segments Of The Global Branded Generics Market?
The market is segmented based on drug class, route of administration, and application:
1)Drug Class: Alkylating Agents, Antimetabolites, Hormones, Anti-Hypertensive, Lipid Lowering Drugs, Anti-Depressants, Anti-Psychotics, Anti-Epileptics, Other Drugs
2)Route Of Administration: Topical, Oral, Parenteral, Other Routes Of Administration
3)Application: Oncology, Cardiovascular Diseases, Diabetes, Neurology, Gastrointestinal Diseases, Dermatology Diseases, Analgesics and Anti-inflammatory, Other Applications
Which Region Leads The Branded Generics Market?
North America led the branded generics market in 2024, while Asia-Pacific is projected to be the fastest-growing region in the forecast period. The geographical coverage spans across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Branded Generics Market Global Market Report?
The report comprises:
- Market Size Analysis: Analyze the Branded Generics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Branded Generics 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 Branded Generics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Branded Generics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Branded generics are sold under a brand name without a patent. They can be developed by a generic drug firm or the original manufacturer and marketed after the original drug's patent expires.
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Major Companies operating in the Branded Generics Market are:
• Hetero
• Aspen Holdings
• Sandoz International GMBH
• Par Pharmaceuticals, INC
• Dr. Reddy's Laboratories
• AstraZeneca PLC
• Sanofi
• Lupin
• Bausch Health Companies Inc.
• GlaxoSmithKline plc.
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