Coherent Market Insights recently published an in depth study of Branded Generics Market covering interesting aspects of the market with supporting development scenarios starting from 2021-2027. The report delivers the clean elaborated structure of the Market comprising each and each business-related information of the market at a worldwide level. the entire range of data associated with the worldwide Market is obtained through various sources and this obtained bulk of the knowledge is arranged, processed, and represented by a gaggle of specialists through the appliance of various methodological techniques and analytical tools like SWOT analysis to get an entire set of trade-based study regarding the Branded Generics.
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This report assesses the growth rate and the market value on the basis of the key market dynamics, as well as the growth inducing factors. The complete study is based on the up-to-date industry news, growth potentials, and Market trends. It also contains an in-depth analysis of the market and competitive scenario, together with the analysis of the leading competitors.
Off-invoice discounts available on these generics are propelling the growth of the global branded generics market. For example, in developed countries such as the U.S., the demand for branded generic drugs is expected to be high, owing to higher discounts offered by players. The off-invoice discounts are approximately 30% in the U.S. as compared to 17% in the EU. Factor such as differentiation in color, taste, shape, preservatives, inactive ingredients, and packaging is projected to create high demand for branded generics. Moreover, key players are focussing on improving their share in the market and this will favor the growth of the market in the near future. For example, in January 2020, Endo International plc announced that one of its operating companies, Par Pharmaceutical, has begun shipping an authorized generic version of Allergan’s Carafate (sucralfate) oral suspension 1gm/10 mL to the U.S.
The Asia Pacific is expected to dominate the overall market in the near future and this is attributed to the emerging countries in the region. According to the Coherent Market Insights analysis, China, India, and Asia Pacific will lead the global branded generics market through 2029
- In January 2020, Greenstone, a wholly-owned subsidiary of Pfizer Inc., announced a supply agreement with Roman, an innovative digital healthcare clinic, to offer Roman members access to the only FDA-approved authorized generic version of Viagra (sildenafil citrate)
- In November 2019, Novo Nordisk has announced its plan to offer an authorized generic or follow-on brand version of insulin aspart and insulin aspart mix at 50% off the current list price for its NovoLog and NovoLog Mix, in January 2020
- In January 2020, Greenstone, a wholly-owned subsidiary of Pfizer Inc., announced a supply agreement with Roman, an innovative digital healthcare clinic, to offer Roman members access to the only FDA-approved authorized generic version of Viagra (sildenafil citrate).
- In October 2020, Generic Aadhaar announced the launch of generic medicines for thyroid, hypertension, diabetes, antifungal, gastroenterology, lipidemic, and pain management which will be available at a minimum 50 percent price of already existing branded medicines in the market.
Branded Generics, sometimes called Generic Drugs is a boon to those with chronic ailments, such as asthma, who otherwise would not have been able to afford expensive medication. Branded Generics is only part of it, however, as there are many injectable, nasal and over-the-counter drugs as well. Although these products can sometimes be more costly than generic drugs, they can often be bought in bulk and are much cheaper than other health insurance plans. With healthcare costs rising rapidly, generics have become the preferred solution to fill in the gap between demand and supply.
The key players are highly focusing on innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in optimal strategies. Few Market Key Players are Mylan N.V, Novartis AG, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Aspen Pharmacare Holding Ltd., Abbott Laboratories, and Valeant Pharmaceuticals International, Inc.
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Some Important TOC:
Global Market Landscape by Player
Global Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Global Production, Consumption, Export, Import by Region (2013-2021)
Production, Revenue (Value) by Region (2013-2021)
Industrial Chain, Sourcing Strategy and Downstream Buyers
Global Market Forecast (2021-2027)
Research Findings and Conclusion
The following queries are answered in this comprehensive document:
1. What is the market size of the global and regional levels?
2. Which are the top countries and what is their market size?
3. Which are the growth opportunities in the coming years?
4. Which are the top players and what is their market share?
5. Which are the risk factors affecting market growth?
Thanks for reading this article, you can also get individual chapter wise section or region wise report versions like North America, Europe or Asia.
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