The generic drugs industry comprises
of the manufacture and marketing of certain drugs which have the same active
ingredients as the brand-name drugs manufactured by any pharmaceutical company.
The major benefit of generic drugs is that the cost of such drugs is much less
than that of branded drugs. Generic drugs come under the same governing
framework as that of the brand-name drugs. The rationale behind generic drugs
is that the patented drugs generally have a patent life of 20 years. However,
the patent life of such drugs begins from the clinical trials and thus their
commercial life is far less (approximately 15 years). After the patent expiry
the manufacturers of such drugs face intense pricing pressure because of the
competition from their cheap generic counterparts.
Sale of generic drugs also holds
importance for entities such as wholesalers, pharmacies, and pharmacy benefit
managers, as the sale of generic drugs provides higher profit margins than the
sale of branded drugs. The generic drugs market is classified as simple
generics, super-generics and biosimilars. Furthermore, the generic drugs market
can be classified on the basis of their therapeutic applications such as
anti-infective drugs, central nervous system drugs, cardiovascular products,
anti-arthritis drugs, respiratory products, anti-cancer drugs and others.
Geographically, North America is the largest consumer and manufacturer of
generic drugs. In addition, the highest growth in this market is observed in
Asia-Pacific.
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Some of the major generic drugs
manufacturers include pharmaceutical companies such as Dr. Reddy’s
Laboratories, Actavis, Mylan, Inc., Apotex, Inc., Ranbaxy Laboratories, Ltd,
Hospira, Inc., Par Pharmaceutical, Inc., Sandoz International GmbH, Teva Pharmaceutical
Industries, Ltd., Watson Pharmaceuticals, Ltd. and others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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