12/30/2023 0 Comments Endo international plc and 3d printingThe rising incidence of chronic diseases is one of the major drivers of the generic pharmaceuticals market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Middle East is expected to be the largest growing region in the forecast period. North America was the largest region in the generic pharmaceuticals market in 2021. The various distribution channel involved are hospital pharmacies, retail pharmacies and online pharmacies. The drugs are delivered through oral, injectables, dermal/topical and inhaler that are used for various therapies such as CNS, cardiovascular, dermatology, genitourinary/hormonal, respiratory, rheumatology, diabetes and oncology. A biosimilar is a biological product that is very similar to a reference biologic and has no clinically significant differences in terms of safety, purity, or potency. The main types of generic pharmaceuticals are biosimilar simple generic and super generic. For example, some of the generic drugs in the generic pharmaceuticals market include metformin, metoprolol, acarbose, acebutolol, aztreonam and many more. Generic drugs are manufactured after the expiration of the exclusive rights or patent of the branded drugs. Generic drugs work in the same way as branded drugs in terms of clinical benefits. A generic medicine is a medication designed to be identical as branded drugs marketed by private companies in dosage form, strength, safety, route of administration, performance characteristics, quality, and intended use. The generic pharmaceuticals market consists of sales of generic pharmaceuticals. The market is expected to reach $426.30 billion in 2026 at a CAGR of 6.4%. The global generic pharmaceuticals market is expected to grow from $302.39 billion in 2021 to $332.43 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. Dublin, J(GLOBE NEWSWIRE) - The "Generic Pharmaceuticals Global Market Report 2022: By Therapy, By Distribution, By Type, By Drug" report has been added to 's offering.
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