The United States generic drug market reached a value of about USD 163.68 Billion in 2024. The market is further expected to grow at a CAGR of 12.00% in the forecast period of 2025-2034 to reach a value of approximately USD 508.37 Billion by 2034.
Base Year
Historical Period
Forecast Period
Value in USD Billion
2025-2034
United States Generic Drug Market Outlook
*this image is indicative*
The United States is the world's largest regional market for generic drug. That can be due to the thorough evaluations made by various regulatory bodies to ensure optimal quality during the manufacturing process of such products, further assisting the development of generic drugs in the country.
Generic medicines have seen a significant increase in production in the United States as they are less costly than branded drugs, and do not require extensive research and testing. Additionally, the advent of generic drugs has helped support the country's healthcare system by enhancing the patient quality and generating savings for taxpayers, employers, and insurance companies. Moreover, the market is currently experiencing a rapid growth due to a rise in the incidences of chronic disease across the world, such as cardiovascular diseases, Alzheimer's disease, diabetes, and Parkinson's disease.
Generic drugs are medicines that give the same active ingredients and therapeutic impact as a branded counterpart. Such medications are available in different forms, e.g., oral, topical, intramuscular, intravenous, or inhalant. They do not require marketing due to their marketed equivalents' established safety and efficiency profile. Such products can only be launched after the patent expiration of related brand-name drugs.
Market Breakup by Type:
Market Breakup by Therapy Area:
Market Breakup by Drug Delivery:
Market Breakup by Distribution Channel:
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In the recent years, there has been an increase in the number of generic drug approvals across the U.S. driven by the FDA's Drug Competition Action Plan to remove obstacles faced by generic-drug manufacturers. Moreover, the U.S. Food and Drug Administration (USFDA) re-authorised the Generic Drug Consumer Fee Reforms in 2017 to improve the generic-drug production and approval process. GDUFA II permits generic-drug manufacturers to give user fees and provide the FDA with extra resources for generic-drug reviews. Other than this, the government has launched many programs to facilitate physicians and pharmacists to promote generic substitution in the country. Additionally, in the near future, several brand-name medicines will lose their patent rights, which will have a positive impact on the generic drug market in the United States.
The report gives a detailed analysis of the following key players in the United States generic drug 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 market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the United States generic drug market attained a value of nearly USD 163.68 Billion.
The market is projected to grow at a CAGR of 12.00% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 508.37 Billion by 2034.
The major drivers of the market are rising disposable incomes, increasing population, rising incidences of chronic diseases, and growing technological advancements.
The key trends guiding the growth of the market include the launch of several programs to promote generic substitution in the country and increasing hygiene awareness.
The major types in the market include unbranded and branded generic drugs.
The major therapy areas in the market include CNS, cardiovascular, dermatology, genitourinary/hormonal, respiratory, rheumatology, diabetes, and oncology, among others.
The different modes of drug delivery are injectables, dermal/topical, inhalers, and oral drugs, among others.
The major distribution channels in the market are hospital pharmacies and retail pharmacies.
The major players in the United States generic drug market are Teva Pharmaceuticals USA, Inc., Sandoz Inc., Sun Pharmaceutical Industries Ltd., Lupin Pharmaceuticals, Inc., Par Pharmaceutical, and Endo Pharmaceuticals, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Therapy Area |
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| Breakup by Drug Delivery |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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