Branded Generics Market
Report ID: UCMIG35B2090
Branded Generics Market Size
SkyQuest Technology's Branded generics market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Branded Generics Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Branded Generics Market Insights
Market Overview:
The size of the global market for branded generics was assessed at USD 229.06 billion in 2021 and is projected to increase at a CAGR of 5.7% from 2021 to 2030. Some of the main factors driving market growth include the increased prevalence of chronic diseases, rising branded generic drug penetration, rising government actions to promote generic medicines, and the patent expiration of important drugs.The end of the innovator pharmaceuticals' patent exclusivity period gives generic manufacturers a chance to release products at a lower cost. The low cost of generic medications makes them more accessible to patients and lowers the per-capita cost of healthcare. For instance, generic businesses like Apotex and Dr. Reddy's Laboratories have submitted ANDAs for the introduction of generic versions of Bristol-Myers Squibb Company's Sprycel (Dasatinib), whose U.S. patent exclusivity period expires in 2020.
Branded Generics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Branded Generics Market Report Snapshots
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