PUBLISHER: Orion Market Research | PRODUCT CODE: 1819677
PUBLISHER: Orion Market Research | PRODUCT CODE: 1819677
UK Generic Drug Market Size, Share & Trends Analysis Report by Route of Administration (Oral, Topical, Injectable, and Inhaler), and by Application (Cancer, CVD, Musculoskeletal, Infectious Diseases, Neurology, Diabetes, and Others), Forecast Period (2025-2035)
Industry Overview
UK generic drug market was valued at $28.2 billion in 2024 and is projected to reach $52.8 billion by 2035, growing at a CAGR of 5.8% during the forecast period (2025-2035). The UK generic drug market is driven by increasing demand for inexpensive treatment across a range of therapeutic classes. As the pressure on the National Health Service to manage healthcare expenditure is increasing, resulting for cost-effective replacements for branded medicines. Companies such as Teva UK and Accord Healthcare are expanding their presence by providing a wide range of generics that enhance patient access. Growth is also propelled by expirations of patents on top-tier pharmaceuticals, opening the door for new players. Similarly, regulation and UK procurement policies tend to increase the usage of generics to provide sustainability of the healthcare system.
Market Dynamics
Rising Adoption of Cost-Effective Therapies
The UK healthcare system continues to prioritize the use of generics as part of cost-containment strategies. The growing demand in the NHS has led to wider access to cost-effective medicines. For instance, Accord Healthcare has broadened its oncology and cardiovascular care offerings to meet patient demand. Such growth offers patients access to life-saving medicines at a lower fraction of the price of the actual brand. This movement indicates a precise shifting toward affordability without compromising on medicinal benefit.
Market Expansion Through Patent Expirations
Patent expiries of leading-selling branded medications are making way for generics. This has allowed manufacturers to bring cost-effective therapies to key therapeutic areas. These opportunities have been harnessed by Teva UK in generics launches in neurology and respiratory therapy. Healthcare managers use these strategies to save costs without compromising on treatment. With the increasing number of patents nearing expiry, the UK generic drug market is poised to expand consistently.
Market Segmentation
Oral Segment to Lead the Market with the Largest Share
The oral segment remains at the forefront of the UK generic pharmaceutical market, led by extensive patient preference for capsules and tablets owing to the convenience of use. Operators like Teva UK actively deliver oral generics over a broad therapy range, facilitating easy access to treatment for patients. The good uptake of affordable oral forms has prompted hospitals and pharmacies to increase their dependency on generics.
For instance, Mylan (Viatris) has further reinforced this segment with its wide range of oral drugs. Stable supply and cost-competitive pricing are assisting in reducing the pressure on the NHS. This is a trend that reflects the increasingly significant role of oral generics as the foundation of affordable healthcare within the UK.
Cancer: A Key Segment in Market Growth
The cancer segment has been a key growth driver in the UK generic pharma market, with growth in demand for affordable oncology therapies climbing strongly. Accord Healthcare has been driving this, providing commonly prescribed generic oncology medicines that decrease patient treatment costs by a very big margin. Greater prevalence of cancer has resulted in more utilization of generics by healthcare providers and treatment units.
The major companies operating in the UK generic drug market include AstraZeneca, GlaxoSmithKline Plc, Hikma Pharmaceuticals, Sandoz Group AG (a division of Novartis), and Viatris Inc., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments