Global Generic Drugs Business Analysis Report 2023-2030: Small-molecule Generic Drugs Account for a Lion's Share, Biosimilars Exhibit Fastest Growth

DUBLIN, Oct. 23, 2023 /PRNewswire/ -- The "Generic Drugs - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Generic Drugs Market to Reach $671.5 Billion by 2030

The global market for Generic Drugs estimated at US$403.9 Billion in the year 2022, is projected to reach a revised size of US$671.5 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.

Small-Molecule Generics, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$538.8 Billion by the end of the analysis period. Growth in the Biosimilars segment is estimated at 19.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $122.8 Billion, While China is Forecast to Grow at 8.2% CAGR

The Generic Drugs market in the U.S. is estimated at US$122.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$126.8 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

• Impact of Covid-19 and Global Economic Update
• COVID-19 Impact on Global Pharmaceutical Supply Chain and Generic Drugs Market
• Demand for Generic Pain Killers Rises
• A Prelude to Generic Drugs
• Generic Drugs Market Set for a Rapid Growth
• North America and Europe Dominate, Asia-Pacific to Exhibit the Fastest Growth
• India- A Significant Market
• Small-molecule Generic Drugs Account for a Lion's Share, Biosimilars Exhibit Fastest Growth
• Exciting Times for Biosimilars
• Competition
• Generic Drugs - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Market Opportunities
• Strategies to Sustain Success
• The Future of Generics & Biosimilars Look Bright amid Persistent Barriers
• Market Challenges
• Factors Affecting Prices & Accessibility
• Recent Market Activity
• BRANDS

MARKET TRENDS & DRIVERS

• Generic Drugs Enjoy Adrenaline Rush with Regulatory & Scientific Support
• R&D & Innovation Push
• Efforts to Eliminate Barriers to Generics Development
• Regulatory & Scientific Collaboration as Key
• FDA's Generic Drug User Free Program
• Policy Support to Generic Drugs: Clearing Road to Affordable Access to Quality Medicines
• Savings in Billions
• Taking GDUFA to Next Level
• Pushing Competition through ANDAs
• Major Push to COVID-19 Drugs
• Patent Expiries Set to Widen the Addressable Market for Generic Drugs
• Patent Expiries of Select Drugs in 2020
• Patent Expiries of Select Drugs in 2021
• Patent Expiries of Select Drugs in 2022
• Patent Expiries of Select Drugs in 2023
• Patent Expiry of Select Major Drugs in the US: 2020-2023
• Robust Demand for Pharmaceutical Drugs Drives Demand for Generic Drugs
• Cost Containment Measures Put Focus on Generics
• Small Molecule Generics Represent the Dominant Segment
• Specialty Generic Drugs Gain Popularity
• Specialty Generics - The Way to Success Amid Challenges
• Factors that can Provide Competitive Edge
• Increasing Demand for Biosimilars, Driven by Patent Expiry of Major Biopharmaceutical Drugs
• Patent Expiries of Major Biopharmaceutical Drugs in the US and Europe in the Recent Past
• Progressive Regulatory Framework Accelerates Product Approvals & Subsequently Market Revenues
• Specific Guidelines for Biosimilars in Various Countries with Year of Publication
• Biosimilars Regulatory Agencies in Select Regional Markets
• Biosimilar Approvals in the US (as of 2023)
• Biosimilar Approvals in Europe (as of 2023)
• Rising Healthcare Costs Drive Demand for Generic Drugs
• World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
• Aging Population to Propel the Demand for Generic Drugs
• Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Significant Increase in Number of Patients Suffering from Chronic Diseases Fuel Demand for Generic Medicines
• Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
• Fatalities by Heart Conditions - Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
• Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
• Number of New Cancer Cases and Deaths (in Million) by Region for 2018
• US Regulators Struggle to Keep Up with the Global Market
• Increased Dependency on Non-US Manufacturers
• Patient Trust and Traceability
• Drug Supply Shortage Risks
• Fixing a Broken System
• Hospitals Teaming Up to Develop Own Generic Drugs to Combat Shortages and High Prices
• Use of Artificial Intelligence and Machine Learning in Pharmaceutical Manufacturing Witnesses a Surge

FOCUS ON SELECT PLAYERS (Total 255 Featured)

• Abbott Laboratories
• Apotex Inc.
• ASKA Pharmaceutical Co., Ltd.
• Aspen Pharmacare Holdings Limited
• AstraZeneca Plc
• Baxter International Inc.
• Dr. Reddy's Laboratories Limited`
• Eli Lilly and Company
• Endo International plc
• F. Hoffmann-La Roche AG
• Fresenius Kabi AG
• GSK plc
• H. Lundbeck A/S
• Incepta Pharmaceuticals Ltd.
• Lupin Ltd.
• Novo Nordisk A/S
• Sandoz International GmbH
• Sanofi-Aventis U.S. LLC
• STADA Arzneimittel AG
• Sun Pharmaceutical Industries Limited
• Teva Pharmaceutical Industries Ltd.
• Viatris Inc.

For more information about this report visit https://www.researchandmarkets.com/r/uhwdsn

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