PUBLISHER: BCC Research | PRODUCT CODE: 1411290
PUBLISHER: BCC Research | PRODUCT CODE: 1411290
The global market for generic drugs is expected to grow from $435.3 billion in 2023 and projected to reach $655.8 billion by the end of 2028, at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2028.
The global market for small molecule generic drugs is expected to grow from $402.6 billion in 2023 and projected to reach $554.7 billion by the end of 2028, at a CAGR of 6.6% from 2023 to 2028.
The global market for biosimilar drugs is expected to grow from $32.7 billion in 2023 and projected to reach $101.1 billion by the end of 2028, at a CAGR of 25.3% from 2023 to 2028.
The report discusses the current size and growth of the market for generic drugs, both in global terms and broken down by the most important national markets. The report covers small molecule drugs and biosimilars. It includes market drivers and challenges in the generic drug industry. The competitive landscape includes generic drug sales of key competitors and their ranking in the market. It also covers the emerging trends in the generic drugs industry.
By geographical region, the market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. The North America region includes countries such as the U.S., Canada and Mexico; Europe includes Germany, U.K., Italy, and Rest of Europe; Asia-Pacific includes China, India, Japan, and Rest of Asia-Pacific. The estimated values used are based on drug manufacturers' total revenues.