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.
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
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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