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The global generic oncology drugs market size was nearly USD 25 billion in 2019. The market is further expected to grow at a CAGR of 9.1% in the forecast period of 2020-2025 to attain USD 42 billion by 2025.
The global generic oncology drugs market is being driven by the growing cancer incidences across the globe coupled with rising demand for such drugs to assist patients undergoing chemotherapy, alleviating after-effects, including pain.
Region-wise, North America is the leading market for generic oncology drugs accounting for the majority of the global share. The growth of the market in the region can be attributed to the availability of advanced technology and enhanced healthcare infrastructure. On the other hand, the Asia Pacific is expected to be one of the emerging markets owing to the increased government expenditure in the healthcare sector in the region coupled with the presence of increased population.
Generic oncology drugs refer to the drugs that assist in shrinking, controlling, and eliminating the cancer cells present in the human body. They perform a pivotal role in cancer treatment as some of the anti-cancer drugs are only available in the form of generics. Generic oncology drugs share similar active ingredients as the already marketed brand-name cancer care medicine, and they can be characterised by different colours or flavours in comparison to the original drugs. The performance, intended use, quality, dosage form, and route of administration of these drugs are similar to that of their original counterparts.
The EMR report has analysed the major regional markets in the industry, which are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The generic oncology drugs market is driven by the growing prevalence of cancer across the globe, coupled with high costs associated with cancer treatment. These drugs are bioequivalent of and are used as an alternative means to brand-name medicines, providing similar pharmacological effects in cancer treatment. A rapid increase in the number of smokers, coupled with a rise in sedentary and unhealthy lifestyles, has increased the incidences of cancer cases around the world. As a result of this, there has been an acceleration in the demand for cost-effective and viable cancer treatments, including generic oncology drugs. Increasing adulteration in food products and the usage of pesticides in fresh fruits and vegetables has injected a lot of chemicals in the human body responsible for such diseases.
Apart from this, rising government expenditure in the emerging nations to promote generic drugs and reduce healthcare expenses is positively influencing the regional market growth. Furthermore, rapid advancements in the healthcare sector and biotechnology and research field have resulted in early and affordable cancer diagnosis, thus increasing the demand for generic oncology drugs at the prevention stage. Thus, rising geriatric population and growing demand for cost-effective treatment procedures, particularly in emerging regions are aiding the industry further.
Factors such as new product launches and benefits offered by generic drugs are boosting the market. In addition, the growing pharmaceutical industry in developing countries is likely to have a positive impact on the growth of the market in the coming years. The ongoing research and development activities are aiding the market growth. Moreover, the leading players in the market are innovating and launching enhanced products, which is expected to have a positive effect on the industry growth over the forecast period.
The report gives a detailed analysis of the following key players in the global generic oncology drugs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Generic Oncology Drugs Market Analysis
8.1 Key Industry Highlights
8.2 Global Generic Oncology Drugs Historical Market (2015-2019)
8.3 Global Generic Oncology Drugs Market Forecast (2020-2025)
8.4 Global Generic Oncology Drugs Market by Region
8.4.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 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
18.104.22.168 United States of America
9.2.1 Historical Trend (2015-2019)
9.2.2 Forecast Trend (2020-2025)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2015-2019)
9.3.2 Forecast Trend (2020-2025)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2015-2019)
9.4.2 Forecast Trend (2020-2025)
9.4.3 Breakup by Country
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
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers 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 Price Analysis
13 Manufacturing Process
13.2 Detailed Process Flow
13.3 Operations Involved
14 Cost Analysis
14.1 Land, Location, and Site Development
14.3 Plant Machinery
14.4 Cost of Raw Material
14.9 Other Capital Investment
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Company Profiles
16.3.1 Mylan N.V.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
16.3.2 Hikma Pharmaceuticals PLC
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
16.3.3 Stason Pharmaceuticals
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
16.3.4 Mayne Pharma
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
17 Industry Events and Developments
List of Figures and Tables
1. Global Generic Oncology Drugs Market: Key Industry Highlights, 2015 and 2025
2. Global Generic Oncology Drugs Historical Market: Breakup by Region (USD Billion), 2015-2019
3. Global Generic Oncology Drugs Market Forecast: Breakup by Region (USD Billion), 2020-2025
4. North America Generic Oncology Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
5. North America Generic Oncology Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
6. Europe Generic Oncology Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
7. Europe Generic Oncology Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
8. Asia Pacific Generic Oncology Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
9. Asia Pacific Generic Oncology Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
10. Latin America Generic Oncology Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
11. Latin America Generic Oncology Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
12. Middle East and Africa Generic Oncology Drugs Historical Market: Breakup by Country (USD Billion), 2015-2019
13. Middle East and Africa Generic Oncology Drugs Market Forecast: Breakup by Country (USD Billion), 2020-2025
14. Global Generic Oncology Drugs Market Structure
The global generic oncology drugs market reached a value of USD 25 billion in 2019.
The market is projected to grow at a CAGR of nearly 9.1% in the forecast period of 2020-2025.
The market is estimated to reach a value of about USD 42 billion by 2025.
The major drivers of the industry include rising disposable incomes, increasing population, rising cancer incidences, rising demand for these drugs to assist patients undergoing chemotherapy, alleviating after-effects, including pain, availability of advanced technology and enhanced healthcare infrastructure.
The increased government expenditure in the healthcare industry 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, with North America accounting for the largest market share.
The leading players in the market are Mylan N.V., Hikma Pharmaceuticals PLC, Stason Pharmaceuticals, and Mayne Pharma, among others.
The global generic oncology drugs market attained a value of USD 25 billion in 2019, driven by the growth in the healthcare industry. Aided by the rising demand for these drugs to assist patients undergoing chemotherapy, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 9.1%. The industry is projected to reach USD 42 billion by 2025.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. The major regional markets for generic oncology drugs are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Mylan N.V., Hikma Pharmaceuticals PLC, Stason Pharmaceuticals, and Mayne Pharma, 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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