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Global Generic Drugs Market: By Application: CNS, Cardiovascular, Dermatology, Genitourinary/Hormonal, Respiratory, Rheumatology, Diabetes, Oncology, Others; By Drug Delivery; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Generic Drugs Market Outlook

The global generic drugs market size reached a value of almost USD 370 billion in the year 2019. The market is further expected to grow at a CAGR of 5.5% between 2020 and 2025 to reach a value of almost USD 510.2 billion by 2025.

The global generic drugs market is driven by the rising cardiometabolic risk factors across the globe. The United States is the leading regional market. This can be attributed to the implementation of rigorous reviews by the numerous regulatory bodies to ensure optimum standards during the manufacturing of these drugs, further aiding the market growth in the region.

 

Properties and Applications

Generic drugs are referred to as the bioequivalent of brand-name drugs on the basis of safety, strength, quality, stability, impact, intended use, dosage form, and the route of administration. These drugs are established to be safe and effective just as their already marketed brand-name formulation. Generic drug manufacturers are not required to invest in drug research or drug development and marketing, which makes these medicines cost-effective, thereby contributing to their widespread preference.

The generic drugs market is segmented on the basis of application into:

  • CNS
  • Cardiovascular
  • Dermatology
  • Genitourinary/Hormonal
  • Respiratory
  • Rheumatology
  • Diabetes
  • Oncology
  • Others

Among all of these, cardiovascular diseases represent the largest segment in the market.

On the basis of drug delivery, the industry is divided into:

  • Oral
  • Injectables   
  • Dermal/Topical
  • Inhalers

Oral generic drugs at present account for a majority of the total market share.

On the basis of distribution channel, the industry is bifurcated into:

  • Retail Pharmacies
  • Hospital Pharmacies

Out of these, retail pharmacies represent a clear dominance in the global generic drugs market.

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The global generic drugs market is driven by the significant rise in the cardiometabolic risk factors among the population. In addition to this, due to various factors, such as changing dietary patterns, sedentary lifestyles, and hectic working schedules, there is a growing prevalence of diabetes, dyslipidaemia, hypertension, metabolic syndrome, and obesity. This has resulted in a considerable rise in the uptake of medicines, thereby accelerating the growth of the industry.

The global generic drugs market is further enhanced by the huge costs related to the medication of various chronic and lifestyle diseases, which have led to the increase in the consumer inclination toward affordable variants, further boosting the demand. Apart from this, the patent expiration of crucial blockbuster drugs, in conjunction with multiple favourable initiatives undertaken by the governments of several countries to promote the usage of generic drugs, is anticipated to propel the industry growth. Numerous regulatory bodies are implementing rigorous reviews to ensure optimum standards during the manufacturing of these drugs.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global generic drugs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Teva Pharmaceutical Industries Ltd.
  • Mylan N.V.
  • Novartis AG
  • Sun Pharmaceutical Industries Ltd.
  • Fresenius Kabi AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Generic Drugs Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Generic Drugs Historical Market (2015-2019) 
    8.3    Global Generic Drugs Market Forecast (2020-2025)
    8.4    Global Generic Drugs Market by Application
        8.4.1    CNS
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Cardiovascular
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Dermatology
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Genitourinary/Hormonal
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Respiratory
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Rheumatology
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2015-2019)
            8.4.6.3    Forecast Trend (2020-2025)
        8.4.7    Diabetes
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2015-2019)
            8.4.7.3    Forecast Trend (2020-2025)
        8.4.8    Oncology
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2015-2019)
            8.4.8.3    Forecast Trend (2020-2025)
        8.4.9    Others
    8.5    Global Generic Drugs Market by Drug Delivery
        8.5.1    Oral
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Injectables   
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Dermal/Topical
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Inhalers
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
    8.6    Global Generic Drugs Market by Distribution Channel
        8.6.1    Retail Pharmacies
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Hospital Pharmacies   
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
    8.7    Global Generic Drugs Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
            10.1.1    Strengths
            10.1.2    Weaknesses
            10.1.3    Opportunities
            10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
            10.2.1    Supplier’s Power
            10.2.2    Buyer’s Power
            10.2.3    Threat of New Entrants
            10.2.4    Degree of Rivalry
            10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Overview
    12.2    Detailed Process Flow
    12.3    Operations Involved
13    Cost Analysis
    13.1    Land, Location, and Site Development
    13.2    Construction
    13.3    Plant Machinery
    13.4    Cost of Raw Material
    13.5    Packaging
    13.6    Transportation
    13.7    Utilities
    13.8    Manpower
    13.9    Other Capital Investment
14    Project Economics
    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Company Profiles
        15.3.1    Teva Pharmaceutical Industries Ltd.
            15.3.1.1    Company Overview
            15.3.1.2    Product Portfolio
            15.3.1.3    Demographic Reach and Achievements
            15.3.1.4    Certifications
        15.3.2    Mylan N.V.
            15.3.2.1    Company Overview
            15.3.2.2    Product Portfolio
            15.3.2.3    Demographic Reach and Achievements
            15.3.2.4    Certifications
        15.3.3    Novartis AG
            15.3.3.1    Company Overview
            15.3.3.2    Product Portfolio
            15.3.3.3    Demographic Reach and Achievements
            15.3.3.4    Certifications
        15.3.4    Sun Pharmaceutical Industries Ltd.
            15.3.4.1    Company Overview
            15.3.4.2    Product Portfolio
            15.3.4.3    Demographic Reach and Achievements
            15.3.4.4    Certifications
        15.3.5    Fresenius Kabi AG
            15.3.5.1    Company Overview
            15.3.5.2    Product Portfolio
            15.3.5.3    Demographic Reach and Achievements
            15.3.5.4    Certifications
        15.3.6    Others
16    Industry Events and Developments


List of Figures and Tables

1.    Global Generic Drugs Market: Key Industry Highlights, 2015 and 2025
2.    Global Generic Drugs Historical Market: Breakup by Application (USD Billion), 2015-2019
3.    Global Generic Drugs Market Forecast: Breakup by Application (USD Billion), 2020-2025
4.    Global Generic Drugs Historical Market: Breakup by Drug Delivery (USD Billion), 2015-2019
5.    Global Generic Drugs Market Forecast: Breakup by Drug Delivery (USD Billion), 2020-2025
6.    Global Generic Drugs Historical Market: Breakup by Distribution Channel (USD Billion), 2015-2019
7.    Global Generic Drugs Market Forecast: Breakup by Distribution Channel (USD Billion), 2020-2025
8.    Global Generic Drugs Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Generic Drugs Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Generic Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Generic Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Generic Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Generic Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Generic Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Generic Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Generic Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Generic Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Generic Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Generic Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Global Generic Drugs Market Structure

Key Questions Answered in the Report

The global generic drugs market reached a value of USD 370 billion in 2019. 

The industry is projected to grow at a CAGR of nearly 5.5% in the forecast period of 2020-2025.

The industry is estimated to reach a value of about USD 510.2 billion by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, rising cardiometabolic risk factors, and the implementation of rigorous reviews by the numerous regulatory bodies to ensure optimum standards during the production of these drugs.

Various favourable initiatives undertaken by the governments of multiple countries is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

Cardiovascular disease is the dominant application segment in the industry. 

Oral generic drugs are the leading delivery type of the product in the industry. 

The retail pharmacies account for the largest market share, among other distribution channels in the industry.

The leading players in the industry are Teva Pharmaceutical Industries Ltd., Mylan N.V., Novartis AG, Sun Pharmaceutical Industries Ltd., and Fresenius Kabi AG, among others.

Analyst Review

The global generic drugs market attained a value of USD 370 billion in 2019, driven by the rising cardiometabolic risk factors. Aided by the favourable initiatives undertaken by the governments, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5.5%. The industry is projected to reach USD 510.2 billion by 2025.
 
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its applications, the market can be segmented into CNS, cardiovascular, dermatology, genitourinary/hormonal, respiratory, rheumatology, diabetes, and oncology, among others, with cardiovascular accounting for the largest market share. By drug delivery, the industry is led by oral generic drugs. On the basis of distribution channels, the global industry is led by retail pharmacies. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Teva Pharmaceutical Industries Ltd., Mylan N.V., Novartis AG, Sun Pharmaceutical Industries Ltd., and Fresenius Kabi AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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