Press Release

United States Speciality Generics Market to Grow at a CAGR of 9.6% During 2024-2032, Aided by the Growing Healthcare Spending

United States Speciality Generics Market

According to a new report by EMR titled, ‘The United States Speciality Generics Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 26.28 billion in 2023. The market is projected to grow at a CAGR of 9.6% between 2024 and 2032, reaching a value of nearly USD 59.97 billion by 2032

The United States speciality generics market benefits from the growth of the healthcare sector and increasing healthcare expenditure in the country. Speciality drugs are medications with intricate chemical compositions and delivery methods, necessitating specialized handling, supervision, or administration. They typically result from intensive research and development efforts. Speciality generics, on the other hand, are generic versions of these branded drugs available after their patents expire. These prescription medicines address chronic conditions like cancer, psoriasis, HIV, and rheumatoid arthritis, requiring specific treatments.


United States Speciality Generics Market


In 2022, the United States healthcare spending reached USD 4.5 trillion, growing 4.1% from the previous year. This amounts to USD 13,493 per person. Health spending accounted for 17.3% of the nation's Gross Domestic Product.


United States Speciality Generics Market


The increasing incidences of HIV contribute to the demand for speciality generics. In 2021, the US recorded 1.09 million individuals living with HIV, with 36,126 new diagnoses. This uptick underscores the need for HIV medications to address both new and existing cases. Notably, males constituted 76.9% of HIV-positive patients in 2021, while individuals aged 55 and above represented the largest age group in the same year.


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Market Breakup by Route of Administration, Therapeutic Application, and Distribution Channel:

  • The market is segmented based on the route of administration into injectables, and oral, among others.
  • Based on therapeutic application, the market can be divided into oncology, hepatitis, multiple sclerosis, HIV, and other autoimmune diseases, among others.
  • Based on the distribution channel, the market is divided into retail pharmacies, speciality pharmacies, and hospital pharmacies.


Key Findings of the Report:

  • Factors such as increasing healthcare spending and rising prevalence of chronic conditions are supporting the market growth.
  • The market for speciality generics in the United States benefits from the increasing investments in the healthcare and pharmaceutical sectors.
  • The surge in HIV cases, with 1.09 million individuals living with HIV in 2021 and 36,126 new diagnoses, contributes to the demand for speciality generics.


Key Offerings of the Report:

  • The EMR report gives an overview of the United States speciality generics market for the periods (2017-2023) and (2024-2032).
  • The report also offers historical (2017-2023) and forecast (2024-2032) market information for the route of administration, therapeutic application, and distribution channel of speciality generics.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.


The major players in the United States speciality generics market are Akorn, Inc., USA Pharmaceuticals & Sports Science, and Amneal Pharmaceuticals LLC., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.


Key Highlights of the Report

Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Route of Administration
  • Therapeutic Application
  • Distribution Channel
Breakup by Route of Administration
  • Injectables
  • Oral
  • Others
Breakup by Therapeutic Application
  • Oncology
  • Hepatitis
  • Multiple Sclerosis
  • HIV
  • Others
Breakup by Distribution Channel
  • Retail Pharmacies
  • Speciality Pharmacies
  • Hospital Pharmacies
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Akorn, Inc.
  • USA Pharmaceuticals & Sports Science
  • Amneal Pharmaceuticals LLC.
  • Others


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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