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NEW YORK, July 27, 2022 /PRNewswire/ — The “Generic Drugs Market by Type and Geography – Forecast and Analysis 2021-2025” report by Technavio expects the market size to grow by USD 138.9 billion between 2020 and 2025. The market witnessed a YOY growth of 5.95% in 2021 and the growth momentum is expected to accelerate at a CAGR of 6.33% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download PDF Report Sample Here
The global generic drugs market is fragmented and is characterized by global and regional vendors. Vendors are partnering with research organizations and hospitals for R&D and participate in various scientific conferences to showcase their products and explore long-term development opportunities. The key vendors in the global generic drugs market focus on product approvals, M&A, and product launches to gain a competitive edge in the market. Inorganic growth strategies, robust R&D, and pricing strategies will also increase the competition among these vendors.
Technavio identifies Amgen Inc., Dr. Reddys Laboratories Ltd., Fresenius SE and Co. KGaA, Merck and Co. Inc., Novartis AG, Pfizer Inc., Sanofi SA, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., and Viatris Inc. as some of the key market participants. Although the availability of low-cost alternatives, increased outsourcing of drug discovery and development, and the rising drug patent expirations will offer immense growth opportunities, rising credibility issues, increasing side effects, and stringent regulations will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download Report Sample Now
The generic drugs market is segmented as below:
The small-molecule generics segment will have the largest share of the market. The availability of generic medicines at discounted prices is driving the growth of the segment. Also, the emergence of super generics, lower investment requirements by manufacturers, and simpler synthesis chemical reactions to produce exact copies of the product are contributing to the growth of the segment.
39% of the market growth will originate from North America during the forecast period. The presence of a large number of key vendors that offer a variety of highly differentiated products is driving the growth of the regional market. In addition, the rise in the prevalence of major health disorders is mainly due to lifestyle changes, and increased consumption of alcohol and tobacco in the US will have a positive impact on the growth of the generic drugs market in North America. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our generic drugs market report covers the following areas:
We provide a detailed analysis of around 25 vendors operating in the generic drugs market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the generic drugs market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Related Reports:
Generic Drugs Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.33% |
Market growth 2021-2025 |
USD 138.9 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.95 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, Germany, China, Japan, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amgen Inc., Dr. Reddys Laboratories Ltd., Fresenius SE and Co. KGaA, Merck and Co. Inc., Novartis AG, Pfizer Inc., Sanofi SA, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., and Viatris Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
SOURCE Technavio
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