“Generic Drugs Market Report: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2021-2026” provides a deep and thorough evaluation of the global generic drug market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.

Report Metrics

Historical Year: 2015-2020

Base Year: 2020

Forecast Year: 2021-2025

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A generic drug refers to a medicine that has an equivalent therapeutic effect and contains the same active ingredients as a branded drug. It is also identical in terms of strength, route of administration, form, quality, side effects, intended use, safety, quality, dosage, effect, etc. Generic drugs can be manufactured only after the patent expiration of the brand-name drug. The production of generic drugs costs much less than branded drugs as it does not require the repetition of clinical and animal studies to determine the safety and effectiveness of the medicine.

Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.

Global Generic Drugs Industry Trends and Drivers:

The growing geriatric population and increasing incidences of chronic diseases are leading numerous government bodies to focus on reducing healthcare costs by promoting the manufacturing of generics. This, in turn, is primarily driving the generic drugs market. Furthermore, the rising number of drug patents expiring or about to expire is also providing a thrust to the global market. In addition to this, significant growth in the healthcare sector and several product innovations, such as the introduction of biosimilars, are further anticipated to fuel the generic drugs market in the coming years.

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Global Generic Drugs Market Segmentation:

The market is segmented in on the basis of type, end use and region.

• Type

• End use

• Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Competitive Landscape:

The report also provides insights on the competitive landscape of the global generic drug industry with the leading players profiled in the report.

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