A generic drug is a
pharmaceutical product, usually intended to be interchangeable with an
innovator product, that is manufactured without a license from the innovator
company and marketed after the expiry date of the patent or other exclusive
rights.
Already prevalent in
the U.S., Europe and much of the developing world, generic drugs are now
finding their way into previously untapped markets such as Japan, largely
driven by regulatory efforts to reduce healthcare costs.
Browse
Full Report With TOC @ http://www.radiantinsights.com/research/the-generic-drugs-market
SNS Research estimates
that the market for generic drugs will account for nearly $350 Billion in
revenue by the end of 2015. Despite challenges relating to quality control and
legal concerns, the market is poised for significant growth in the coming
years. The market is expected to grow at a CAGR of 12% between 2015 and 2020,
driven by growth in both established and developing markets.
The “Generic Drugs
Market: 2015 – 2030 – Opportunities, Challenges, Strategies & Forecasts”
report presents an in-depth assessment of the generic drugs ecosystem including
technology, economics, key trends, market drivers, challenges, investment
potential, regulatory landscape, leading therapies, opportunities, future
roadmap, value chain, ecosystem player profiles and strategies. The report also
presents market size forecasts for generic drugs from 2015 through to 2030. The
forecasts are segmented for over 10 therapeutic areas, 3 brand classifications,
5 regions and 25 leading countries.
The report comes with an associated Excel datasheet
suite covering quantitative data from all numeric forecasts presented in the
report.
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