Generic Drugs Market
Generic Drugs Market - Global Industry Assessment & Forecast
#
Pages:
148
2022
Jun - 2022
VMR-1660
Segments Covered
By
Brand Pure Generic Drugs, Branded Generic Drugs
-
By
Route of Drug Administration Oral, Topical, Parental, Others
-
By
Therapeutic Application Central Nervous System (CNS), Cardiovascular, Dermatology, Oncology, Respiratory, Others
-
By
Distribution Channel Hospitals Pharmacies, Retail Pharmacies, Others
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 411.99 Billion |
 Revenue 2030:
|
USD 613.34 Billion |
 Revenue CAGR
(2023 - 2030): |
5.10% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Generic Drugs Market by Brand by Route of Drug Administration by Therapeutic Application by Distribution Channel by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Generic Drugs supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Generic Drugs market size at regional and country level
- Key industry players and their market share and Generic Drugs market-specific sales/revenue
- Understanding of the Generic Drugs supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Generic Drugs market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Generic Drugs market.
Vantage Market
Research | 16-Jun-2022
FAQ
Frequently Asked Question
What is the global demand for Generic Drugs in terms of revenue?
-
The global Generic Drugs valued at USD 411.99 Billion in 2022 and is expected to reach USD 613.34 Billion in 2030 growing at a CAGR of 5.10%.
Which are the prominent players in the market?
-
The prominent players in the market are Mylan N.V., Abbott Laboratories, ALLERGAN, Teva Pharmaceutical Industries Ltd., Eli Lilly and Company, STADA Arzneimittel AG, GlaxoSmithKline PLC., Baxter International Inc., Pfizer Inc., Sandoz International GmbH.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.10% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Generic Drugs include
- Rising incidence of chronic diseases
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Generic Drugs in 2022.
