How big is the Generic Drugs Market?

The Generic Drugs Market size is expected to reach USD 413.60 billion in 2024 and grow at a CAGR of 4.23% to reach USD 508.79 billion by 2029. Read More

What is the current Generic Drugs Market size?

In 2024, the Generic Drugs Market size is expected to reach USD 413.60 billion. Read More

Who are the key players in Generic Drugs Market?

Sanofi, Pfizer, Teva Pharmaceutical Industries Limited, Abbott Laboratories and Sun Pharmaceutical Industries Ltd. are the major companies operating in the Generic Drugs Market. Read More

Which is the fastest growing region in Generic Drugs Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Generic Drugs Market?

In 2024, the North America accounts for the largest market share in Generic Drugs Market. Read More

What years does this Generic Drugs Market cover, and what was the market size in 2023?

In 2023, the Generic Drugs Market size was estimated at USD 396.10 billion. The report covers the Generic Drugs Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Generic Drugs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the factors driving the Generic Drugs Market?

The major factors driving the Generic Drugs Market are a) Increasing Prevalence of Chronic Diseases b) Rising geriatric populations and c) Increase in healthcare expenditure Read More

What are the factors driving the Generic Drugs Market?

The major factors driving the Generic Drugs Market are a) Increasing Prevalence of Chronic Diseases b) Rising geriatric populations and c) Increase in healthcare expenditure Read More

Generic Drugs Market - Forecast & Outlook

Generic Drugs Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers the Global Generic Drug Market Size, Trends, and Share and is Segmented by Route of Administration (Oral, Topical, Injectable, and Other Routes of Administration), Application (Cardiovascular Products, Anti-Infective Drugs, Central Nervous System Drugs, Anti-Cancer Drugs, Respiratory Products, and Other Applications), Distribution Channel (Hospitals/Clinics, Retail Pharmacies, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers the Value (USD) for the Above Segments.

Generic Drugs Industry Overview

The global generic drugs market is highly competitive, with many players dominating the market. The market players are adopting strategies such as rising R&D investment, mergers, acquisitions, and product innovations to sustain the increasing market rivalry. The key market players include Mylan NV, Eli Lilly and Company, GlaxoSmithKline PLC, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Novartis AG, and Sanofi.