Branded Generics Market
Branded Generics Market Projected To Grow With Significant CAGR Over The Forecast Period
This report studies branded generics market dynamics in emerging markets and developed markets elaborately to identify the current trends, future opportunities, historic market and possible challenges to the key stakeholders operating in the market. In addition, branded generics market report includes new product introductions, regulatory scenario, and competition analysis to analyze the market competition.
Branded generics market report deals with detailed market outlook in emerging markets such as Brazil, Russia, China, India, and other Eastern Europe, Latin American countries. Moreover, PBI analyzed branded generics market to better equip clients with possible investment opportunities across the emerging markets. The market for branded generics projected to reach US$ 350.0 billion by 2023. Owing to the widespread prevalence of lifestyle and chronic diseases like diabetes and cardiovascular diseases especially in the emerging market countries, the growth of the branded generics is inevitable.
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The global branded generics market is categorized as-
1. Diseases Indication
• Cardiovascular Diseases
• Diabetes
• Cancer
• Neurological Disorders
• Gastrointestinal Diseases
• Dermatology Diseases
• Others
2. Route of Administration
• Oral
• Parenteral
• Topical
• Others
3. End-users
• Hospital, retail and online Pharmacies, and drug stores.
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And lastly, on the basis of geographical regions, the global market for branded generics is divided into five regions- North America, Europe, the Middle East & Africa, Latin America and Asia-Pacific.
Developed pharmaceutical markets like North America, Europe, and Japan has been witnessing relatively stagnant market growth in comparing with developing markets owing to fewer new product approvals from the regulatory bodies. This has been led to shift the focus by several multinational pharmaceutical companies from matured markets to developing markets to tap unreached and budding market opportunities.
Asia-Pacific accounts for larger market revenue share in global branded generics market. The Asia-pacific region is leading the global Branded Generics market in terms of revenue owing to higher allowance for healthcare expenditure and lack of universal health coverage. Moreover, countries like India, China, and ASEAN countries have better growth opportunities for the existing and new players in the market. Regions such as Asia Latin America and Eastern Europe projected to grow at significant rate. Some of the key market players in the developing market regions are Abbott Laboratories (U.S.), Apotex Inc. (Canada), AstraZeneca (U.K), Reddy’s Laboratories Ltd. (India), GlaxoSmithKline plc (U.K), Mylan N.V. (U.S.), Pfizer Inc. (U.S), Novartis AG (Switzerland), Sanofi (France), Sun Pharmaceutical Industries Ltd. (India), Teva Pharmaceutical Industries Ltd (Israel), Valeant Pharmaceuticals International, Inc. (Canada).
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Market players are focusing on mergers and acquisitions, strategic alliances, and product diversification to increase the geographic presence in global Branded Generics market. Moreover, players are entering into a distribution agreement with local pharmaceutical companies to overcome the market access barrier in developing regions.
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