Generic drugs are medications that have the same active ingredients as brand-name drugs but are sold under a different name. They are manufactured and sold after the patent for the brand-name drug has expired, allowing other companies to produce and sell the same medication at a lower cost. Generic drugs are regulated by the FDA (Food and Drug Administration) and must meet the same quality and safety standards as brand-name drugs. They have the same dosage form, strength, and route of administration as the brand-name drug, and have been proven to be bioequivalent or very similar in efficacy and safety. The global generic drugs market is anticipated to increase by USD 226.3 billion till 2029 at an average annual growth of 7.2 percent as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global generic drugs market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the route of administration, application, end user, and region. The global market for generic drugs can be segmented by route of administration: injectable, oral, topical, others. The oral segment was the largest contributor to the global generic drugs market in 2022. Generic drugs market is further segmented by application: anti-cancer drugs, anti-infectives, cardiovascular products, central nervous system (CNS) drugs, drugs for arthritis, respiratory products, others. According to the research, the cardiovascular products segment had the largest share in the global generic drugs market. Based on end user, the generic drugs market is segmented into: hospitals and clinics, retail pharmacies, others. The retail pharmacies segment held the largest revenue share in 2022. On the basis of region, the generic drugs market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Globally, Asia-Pacific made up the largest share of the generic drugs market.

Market Segmentation
By route of administration: injectable, oral, topical, others
By application: anti-cancer drugs, anti-infectives, cardiovascular products, central nervous system (CNS) drugs, drugs for arthritis, respiratory products, others
By end user: hospitals and clinics, retail pharmacies, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including Aspen Pharmacare Holdings Limited, Abbott Laboratories, AbbVie Inc., Aurobindo Pharma Limited, Baxter International Inc., Cipla Limited, Eli Lilly and Company, Fresenius Kabi AB, GlaxoSmithKline plc, Hikma Pharmaceuticals plc, Lupin Limited, Mylan N.V., Novartis AG, Pfizer Inc., Sanofi S.A., STADA Arzneimittel AG, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Limited, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global generic drugs market.
• To classify and forecast the global generic drugs market based on route of administration, application, end user, region.
• To identify drivers and challenges for the global generic drugs market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global generic drugs market.
• To identify and analyze the profile of leading players operating in the global generic drugs market.

Why Choose This Report
• Gain a reliable outlook of the global generic drugs market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.