Generic Drugs Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2025

Generic Drugs Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 20172025

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REPORT DESCRIPTION Generic Drugs Market – Overview Generic drugs refers to medication that have the same active ingredient as that of a branded drugs. These drugs also yield the same therapeutic effect and are prescribed in the same dosing, with the same quality, and same the way of consumption and usage. However, the inactive ingredients of generic drugs can differ as compared to their branded counter parts. These drugs are mainly marketed after a patent expiry of a branded drug and are significantly lower in costs as compared to the patented branded drugs. Generic drugs are of equivalent quality as compared to the branded drugs and are manufactured under the same safety and manufacturing procedures. Various manufacturers submit an abbreviated new drug application (ANDA) to the FDA after the completion of period of patent exclusivity.

Patent expiry of branded drugs is a factor expected to boost growth of the global generic drugs market Manufacturers of generic drugs are focusing on development and introduction of various innovative medication and formulation such as biosimilars. According to IMS Health data, generic drugs accounted for over 80% of the prescriptions dispensed in the U.S. in 2013. The number of patents expiring in the near future serves to be a major driver for growth of generic drugs market. For instance, Cetuximab (Erbitux) is an epidermal growth factor receptor inhibitor that is indicated in the treatment of metastatic colorectal cancer and head and neck cancer. Š Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Generic Drugs Market Taxonomy: On the basis of Drug Type: ●

Monoclonal Antibodies

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Cytokines

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Vaccines

On the basis of Therapeutic Application: ●

Oncology

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Cardiovascular Diseases

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Neurology

Based on Route of Administration: ●

Topical

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Injectable

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REPORT DESCRIPTION Generic Drugs Market: Key Players ●

Teva Pharmaceutical Industries.

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Mylan N.V.

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Novartis International AG.

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Pfizer, Inc.

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Sun Pharmaceuticals.

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Fresenius Kabi, Sanofi.

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Endo International, Lupin Ltd.

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Abbott Healthcare.

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AstraZeneca Plc.

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Novo Nordisk.

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ABOUT COHERENT MARKET INSIGHTS SECTOR COVERAGE Healthcare

CLINICAL DIAGNOSTIC

HEALTHCARE IT

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PHARMACEUTICAL

MEDICAL DEVICES

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Bulk Chemicals

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Materials

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