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Specialty Generics Market Segmentation and Competitor Analysis Report - Scalar Market Research

11-06-2017 09:52 AM CET | Health & Medicine

Press release from: Scalar Market Research

Specialty generic drugs are specific injectable drugs that are derived from living cells. They are used to treat complex diseases such as cancer, arthritis, hemophilia, and many more. The healthcare cost is increasing because of expensive pharmaceuticals; hence, governments in various countries are increasing funding to ensure fulfillment of healthcare expenditure. According to the latest research study conducted, the number of cancer cases have increased by many folds in the year 2017. This is increasing the need for developing novel, enhanced, and cost-effective methods to produce specialized generic medicines. This report studies the current and future aspects of the specialty generics market.

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The report on the global specialty generics market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The specialty generics market is growing at a rapid pace during the forecasted period mainly because of rising occurrences of chronic diseases such as cancer, multiple sclerosis, hepatitis C, and so on. Several drugs are facing the challenge of patent expiration which is giving rise to growth of generic medicines.

2. This is impacting the pharmaceutical industry wherein the key market players are now collaborating to create newer growth opportunities for the specialty generics market. In addition, factors like financial and economic situation and increasing aging population is promoting the market growth.

The global specialty generics market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North America region holds the highest market share of the specialty generics market and proves to be the largest revenue contributor. The region continues to dominate the global market during the forecasted period because of presence of well-developed healthcare facilities. The specialty generics market is also growing at a steady pace in the Europe region because of high demand for advanced therapeutics for some chronic diseases. The strong distribution network among the key players is also driving the market in this region. The Asia Pacific market is also expected to grow at a fast pace, because of increasing occurrences of chronic diseases among the population, and high demand for cost-effective generic drugs. Government in developing countries like India and China are making increasing investments to upgrade the available healthcare facilities which are favoring the progress of the specialty generics market in this region.

MARKET SEGMENTATION

This report analyzes the specialty generics market by the following segments:

Specialty Generics Market, by Type

1. Injectables
2. Oral
3. Others

Specialty Generics Market, by Application

1. Oncology
2. Inflammatory Conditions
3. Multiple Sclerosis
4. Hepatitis C
5. Others

Specialty Generics Market, by End-use

1. Specialty Pharmacy
2. Retail Pharmacy
3. Hospital Pharmacy

KEY MARKET PLAYERS

Key players in the specialty generics market include:

1. Teva Pharmaceuticals USA, Inc.
2. Mylan N.V.
3. Sandoz International GmbH
4. Akorn, Inc.
5. Mallinckrodt
6. Valeant Pharmaceuticals International, Inc.
7. Pfizer Inc.
8. Endo Pharmaceuticals Inc.
9. Apotex Corp.
10. Sun Pharmaceutical Industries Ltd.

Browse Report: https://www.scalarmarketresearch.com/market-reports/specialty-generics-market

About Scalar Market Research

Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.

Find out more about our services at: www.scalarmarketresearch.com

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