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The generic pharmaceuticals market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

Read More On The Generic Pharmaceuticals Market Report 2022 – https://www.thebusinessresearchcompany.com/report/generic-pharmaceuticals-global-market-report

The Generic Pharmaceuticals Market Size In 2022 And Forecast

The global generic pharmaceuticals market is expected to grow from $302.39 billion in 2021 to $332.43 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The generic pharmaceuticals market is expected to reach $426.30 billion in 2026 at a CAGR of 6.4%.

The generic pharmaceuticals market consists of sales of generic pharmaceuticals.

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Rise In The Incidence Of Chronic Diseases Is Driving The Growth Of The Generic Pharmaceuticals Market

For instance, according to the WHO (World Health Organization), over the next 10 years, the deaths due to chronic disease is projected to increase by 17%. Also, in 2020, almost 3-quarters of all deaths in the world is due to chronic diseases.

Competitive Landscape And The Regional Analysis Of The Generic Pharmaceuticals Market

Major players in the generic pharmaceuticals market are Teva Pharmaceuticals, Mylan NV, Sandoz International GmbH, Hospira (Pfizer Inc.), Sun Pharmaceutical, Lupin Limited, Endo International Plc, Dr Reddy’s Laboratories, Apotex Holdings, Fresenius Kabi Ag, Aurbindo Pharma, Aspen Pharmacare, Sanofi, Cipla, Hikma Pharmaceuticals, Stada Arzneimittel, Krka Group, Nichi-Iko Pharmaceutical, Valeant, Zydus Cadila, Merck & Co, Mitsubishi Tanabe Pharma, Momenta Pharmaceuticals, Nexus Pharmaceuticals, Novo Nordisk, Ranbaxy Laboratories Ltd, Sawai Pharmaceuticals, Novartis AG, Pfizer and Johnson & Johnson Services.

Additionally, as per TBRC’s research – North America was the largest region in the generic pharmaceuticals market in 2021 holding the largest market share and The Middle East is expected to be the fastest-growing region in the forecast period.

The Generic Pharmaceuticals Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the generic pharmaceuticals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the generic pharmaceuticals market.

3D Printing Technology – A Key Trend In The Generic Pharmaceuticals Market

3D printing technology has the ability to transform the manufacturing of drugs in the generic pharmaceuticals market. 3D printed pharmaceuticals help in improve R&D productivity and deliver new benefits to patients. 3D printing allows the manufacturer to produce drugs with customized size, shape, and texture which is not possible in traditional manufacturing of generic drugs. 3D printing can help the manufacturer to make generic drugs that have different release dates, appearances and tastes.

Generic Pharmaceuticals Market Segmentation By The Business Research Company

1) By Therapy: CNS, Cardiovascular, Dermatology, Genitourinary/Hormonal, Respiratory, Rheumatology, Diabetes, Oncology

2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

3) By Type: Biosimilar, Simple Generic, Super Generic

4) By Drug Delivery: Oral, Injectables, Dermal/Topical, Inhaler

Here Are Some Reports Related To The Generic Pharmaceuticals Market –

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Pharmaceutical Contract Development And Manufacturing Organization (CMO) Global Market Report 2022

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