Tele: 561.316.3330
Breaking Medical Device News

Wednesday, September 22, 2021

MEDICAL DEVICE NEWS MAGAZINE

A DIGITAL PUBLICATION FOR THE PRACTICING MEDICAL SPECIALIST, INDUSTRY EXECUTIVE AND INVESTOR
HomeFMIBranded Generics Market slated to Witness a CAGR of Over 8% Between 2020 and 2030: Future Market Insights

Branded Generics Market slated to Witness a CAGR of Over 8% Between 2020 and 2030: Future Market Insights

The demand within the global branded generics market is growing at a formidable pace in recent years. The pharmaceutical industry is characterised by several intrinsic and extrinsic dynamics pertaining to licensing, manufacturing, and sales. The concept of patenting holds immense value across the pharmaceutical company.

Future Market Insights (FMI), Dubai: The global branded generics market was valued at US$ 247 Bn in 2019 and is likely to exhibit a CAGR of 8% during 2020 – 2030, according to the latest edition by ESOMAR-certified market research firm Future Market Insights. The previous editions of the report have been hailed and widely cited by industry players for its unbiased and accurate analysis of the market.

A wide range of treatments inclusive of diabetic therapies, antifungal medications, and antibiotics are covered on the part of branded generics. The drugs that lose their patent protection need to be newly formulated. These formulations come to the fore in the form of “Branded Generics”. They are devised either by the same company whose patent for that drug has expired or by generic company.

According to the study, an ever-increasing adoption by large-scale pharmacy chains remains a key factor bolstering the growth of branded generics market. New launches and approvals further expedite market growth. The approvals are facilitated by considerable relaxation in regulations.

For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-1260

Preference for Parenteral Formulation to Continue

Oral solid dose pharmaceutical formulation, with over 55% share of the global branded generics market value, continues to be highly preferred among patients.

While this preference is sustained by the “convenience” factor of oral administration, market trends are inclined toward parenteral formulation with respect to gathering momentum among patients opting for branded generics medicines.

During the forecast period, adoption of parenteral formulation such as generic injectable is likely to gain ground, thereby accounting for over a fourth of the total market value projected for 2030.

Covid-19 pandemic is likely to disrupt the supply chain for the next few months, as the major players are dependent on imports from China to supply intermediates essential for manufacturing APIs.

Strategic M&A Playing a Pivotal Role in Shaping Up Branded Generics Market

Manufacturers are on the “merger and acquisition” spree to accelerate their ability of serving patients’ needs. This mode of inorganic growth is slated to escalate the growth curve on their part; especially in diverse regions. Some of these strategic acquisitions include:

  • In 2019, Pfizer merged its off-patent drugs business with Mylan to boost its business in India
  • In 2019, Sandoz (3rd-seeded generic drugs maker) inked an agreement to acquire Japanese business of Aspen Global Incorporated (AGI) to expand its presence in the third largest generics marketplace in the world
  • In 2018, Aurobindo Pharma acquired dermatology generic business of Sandoz to expand product offerings in the generic dermatology market
  • In 2016, India-based Sun Pharmaceuticals Industries Ltd. (4th-seeded generic drugs maker) acquired Swiss drug maker Novartis AG’s established prescription branded generics portfolio in Japan

Cardiovascular diseases (CVDs) and diabetes continue to account for more than 20% of total sales of branded generics in the global market. While these are projected to remain the top therapeutic application areas throughout the period of projection, it needs to be noted that the demand for branded generic drugs in gastrointestinal disease treatment is increasing.

As far as drug class is concerned, the branded generics market is expected to better explore the arena of “anti-hypertensive medication” in the forecast period.

Get Access to Research Methodology Prepared by Experts>>> https://www.futuremarketinsights.com/ask-question/rep-gb-1260

More Valuable Insights on Branded Generics Market

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global branded generics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on branded generics market on the basis of therapeutic application (Oncology, cardiovascular diseases, diabetes, neurology, gastro intestinal diseases, dermatology diseases, analgesic and others), drug class (alkylating agents, anti-metabolites, hormones, anti-hypertensives, lipid lowering drugs, anti-depressants, anti-psychotics, anti-epileptics and others ), formulation type (oral, parenteral, topical, others) and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, drug stores) across seven major regions

For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/customization-available/rep-gb-1260

Explore Other Coverage on Future Market Insights

Genital Herpes Treatment Market: The global Genital Herpes Treatment Market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.

Industrial Microbiology Market: The Industrial Microbiology Market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.

Whole Genome Amplification Market: Future Market Insights gives a detailed segmentation on the global Whole Genome Amplification Market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/

Report: https://www.futuremarketinsights.com/reports/branded-generics-market

Medical Device News Magazinehttps://infomeddnews.com
Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

Stay Connected

spot_img

Don't Miss

FDA Authorizes Software that Can Help Identify Prostate Cancer

The software is called Paige Prostate and is compatible for use with slide images that have been digitized using a scanner.

Shannon Lantzy MedCrypt New VP of Consulting

"I met Shannon at a healthcare-related event several years ago and was immediately impressed with her passion and drive to move healthcare into a digital future," said Mike Kijewski, CEO of MedCrypt.

Mark Foster Joins Xenocor BOD

Foster is a versatile and visionary C-Suite executive who brings 20 years of general management and leadership experience from both venture-backed growth-stage organizations and world-class medical device companies

Hinge Health Acquires the Most Advanced Computer Vision Technology for Tracking Human Motion

CEO Daniel Perez explained, “We won’t stop investing in technology to deliver the most patient-centered digital clinic that improves member experience and outcomes while reducing costs. wrnch allows us to take a giant leap forward in all respects.”

Dale W Wood Congratulates the Huma Team on Raising $130 Million

Major health and technology companies across the world have committed upwards of $130 million to Huma Therapeutics, the health-tech company backed by Dale Ventures.

Rhaeos Awarded $4 Million NIH SBIR Grant

Under the NIH SBIR grant, Rhaeos will leverage their existing wireless sensor hardware to provide additional quantitative flow data to the clinician, giving insight into this currently inaccessible and highly relevant shunt performance metric.

Gynesonics Announces FDA Clearance of Next Generation Sonata System

“This clearance brings significant system improvements that expand the location of fibroids that can be treated while allowing the physician to control all aspects of the treatment from within the sterile field,” said Jiayu Chen, Ph.D. Vice President, Engineering and Advanced Technologies at Gynesonics.

Blackrock Neurotech Invests In Groundbreaking Auditory Nerve Implant With University Of Minnesota And MED-EL

The new investment will enable the development and translation of a new ANI through preclinical studies and later, a pilot clinical trial, where the ANI is then implanted in up to three deaf patients.

By using this website you agree to accept Medical Device News Magazine Privacy Policy