Branded Generics Market Insights:
The Branded Generics Market size was valued at USD 242.12 Billion in 2022, expecting a CAGR of 5.6% during the forecast period (2023-2030), and the market is projected to be worth USD 374.41 Billion by 2030.
The increased adoption of Branded Generics in the Pharmaceuticals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Branded Generics also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Branded Generics in many sectors also boosts the market growth during the forecast period.
Branded generics are prescription drugs that are chemically equivalent to their brand-name counterparts, but are marketed under a different brand name. They are also known as authorized generics or value-added generics. Branded generics are often priced lower than the original brand-name drug, but higher than traditional generic drugs, which are typically sold under the chemical name of the active ingredient. Branded generics are commonly used in developing countries where the cost of brand-name drugs is often prohibitively expensive.
Branded Generics Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Drug Class (Alkylating Agents, Antimetabolites, Hormones, Anti-hypertensive, Lipid Lowering Drugs), By Application (Oncology, Cardiovascular Diseases, Neurological Diseases, Gastrointestinal Diseases, Dermatological Diseases, Acute and Chronic Pain, Others), By Route of Administration (Topical, Oral, Parenteral, Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), and companies (Teva Pharmaceutical Industries Ltd., Lupin, Sanofi, Sun Pharmaceutical Industries, Ltd., Dr. Reddy’s Laboratories Ltd., Endo International plc, GlaxoSmithKline plc, Pfizer Inc., Apotex, Inc., Viatris, Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.6%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||374.41 Billion|
|By Drug Class||Alkylating Agents, Antimetabolites, Hormones, Anti-hypertensive, Lipid Lowering Drugs|
|By Application||Oncology, Cardiovascular Diseases, Neurological Diseases, Gastrointestinal Diseases, Dermatological Diseases, Acute and Chronic Pain, Others|
|By Route of Administration||Topical, Oral, Parenteral, Others|
|By Distribution Channel||Hospital Pharmacy, Retail Pharmacy, Online Pharmacy|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Teva Pharmaceutical Industries Ltd., Lupin, Sanofi, Sun Pharmaceutical Industries, Ltd., Dr. Reddy’s Laboratories Ltd., Endo International plc, GlaxoSmithKline plc, Pfizer Inc., Apotex, Inc., Viatris, Inc.|
The COVID-19 pandemic has had a substantial negative influence on the Branded Generics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Teva Pharmaceutical Industries Ltd., Lupin, Sanofi, Sun Pharmaceutical Industries, Ltd., Dr. Reddy’s Laboratories Ltd., Endo International plc, GlaxoSmithKline plc, Pfizer Inc., Apotex, Inc., Viatris, Inc.
Market Segment Analysis:
By Drug Class
- Alkylating Agents
- Lipid Lowering Drugs
- Cardiovascular Diseases
- Neurological Diseases
- Gastrointestinal Diseases
- Dermatological Diseases
- Acute and Chronic Pain
By Route of Administration
By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Branded Generics industries in the region.
Key Branded Generics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Branded Generics Market segments.
– Largest Market Share Held by Industry to Industry for Branded Generics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Branded Generics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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