Generic Drugs Market Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

1. GENERIC DRUGS MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027 © Coherent market Insights. All Rights Reserved © Coherent market Insights. All Rights Reserved

2. REPORT DESCRIPTION Generic Drugs Market - Overview Generic Drugs Market, By Drug Type (Monoclonal Antibodies, Cytokines, Vaccines, Insulin, Peptide Hormone, Immunoglobulin, Peptide Antibiotics, Blood Factors, and Others), By Therapeutic Application (Oncology, Cardiovascular Diseases, Neurology, Infectious Diseases, Musculoskeletal Diseases, and Others), By Route of Administration (Oral, Topical, Injectable, Intra-venous, and Others), and By Geography- (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2026 Generic drugs refers to medication that have the same active ingredient as that of a branded drugs. These drugs also yield the same therapeutic effect and are prescribed in the same dosing, with the same quality, and same the way of consumption and usage. However, the inactive ingredients of generic drugs can differ as compared to their branded counter parts. These drugs are mainly marketed after a patent expiry of a branded drug and are significantly lower in costs as compared to the patented branded drugs. Generic drugs are of equivalent quality as compared to the branded drugs and are manufactured under the same safety and manufacturing procedures. Patent expiry of branded drugs is a factor expected to boost growth of the global generic drugs market Manufacturers of generic drugs are focusing on development and introduction of various innovative medication and formulation such as biosimilars. According to IMS Health data, generic drugs accounted for over 80% of the prescriptions dispensed in the U.S. in 2013. Browse Research Reports: https://www.coherentmarketinsights.com/ongoing-insight/generic- drugs-market-1132 © Coherent market Insights. All Rights Reserved

3. REPORT DESCRIPTION Furthermore, supportive initiative by FDA to promote development of biosimilars is encouraging manufacturers to focus towards its development. For instance, the Biologics Price Competition and Innovation Act in the U.S. gr ants 12 months patent exclusivity with higher profit margins to the first manufacturer than the conventional generic manufacturers bringing the drugs in market later. Various other factors contributing to growth of generic drugs market include rampant growth in incidence of chronic diseases. However, shortage of active pharmaceutical ingredients leading to unavailability of generics in the market and increasing FDA pressure on manufacturers regarding manufacturing quality of these drugs are hindering the market growth. Asia Pacific to gain significant traction in the global generic drugs market owing to increasing number of local players On the basis of region, the global generic drugs market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America held a dominant position in the global generic drugs market in 2016. This is attributed to favorable regulatory policies that are revised and amended to encourage generic drugs business in the region. For instance, Generic Drug User Fee Amendment (GDFUA) was reauthorized in 2017 after its initiation in 2012 by FDA for increasing consumer access to high quality, safe, and affordable drugs. On the other hand, Asia Pacific is expected to show a significant traction in the market over the forecast period. This is attributed to lower manufacturing costs and high skilled workforce in the Asian countries.. Request a Sample copy of this reports : https://www.coherentmarketinsights.com/insight/request-sample/1132 © Coherent market Insights. All Rights Reserved

4. REPORT DESCRIPTION New drug launches and market approvals from the U.S. FDA to generic manufacturers are bolstering growth of the generic drugs market. For instance, in December 2017, Zydus Phamaceuticals — a subsidiary of Cadila Healthcare — received U.S. FDA approval to market Pramipexole Dihydrochloride extended-release tablets for the treatment of Parkinson ’s disease in the U.S. market. Key players operating in the global generic drugs market are Teva Pharmaceutical Industries, Mylan N.V., Novartis International AG, Pfizer, Inc., Allergan Plc, Sun Pharmaceuticals, Fresenius Kabi, Sanofi, Endo International, Lupin Ltd., Abbott Healthcare, AstraZeneca Plc, and Novo Nordisk. The global generic drugs market is segmented on the basis of drug type, therapeutic application, route of administration, and region. On the basis of Drug Type, the global generic drugs market is segmented into: Monoclonal Antibodies Cytokines Vaccines Insulin Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/1132 © Coherent market Insights. All Rights Reserved

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