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Generic Drugs Market

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    Report

  • 126 Pages
  • January 2024
  • Region: Global
  • BCC Research
  • ID: 5926747

The report discusses the current size and growth of the market for generic drugs, both in global terms and broken down by the most important national markets. The report covers small molecule drugs and biosimilars. It includes market drivers and challenges in the generic drug industry. The competitive landscape includes generic drug sales of key competitors and their ranking in the market. It also covers the emerging trends in the generic drugs industry.

By geographical region, the market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. The North America region includes countries such as the U.S., Canada and Mexico; Europe includes Germany, U.K., Italy, and Rest of Europe; Asia-Pacific includes China, India, Japan, and Rest of Asia-Pacific. The estimated values used are based on drug manufacturers’ total revenues.

The report includes:

  • 37 data tables and 39 additional tables
  • An overview of the global markets for generic (pharmaceutical) drugs
  • Analyses of the global market trends, with historical market revenue data (sales figures) from 2020 to 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
  • Estimate of the market size and revenue forecast of the market for generic drugs, and corresponding market share analysis based on molecule type and geographic region
  • Evaluation of the current and future market potential of generic drugs, as well as the major generics, regulatory landscape and patent cliff within the biopharmaceutical industry
  • Discussion of the major market drivers, opportunities and challenges, emerging technologies, and regulations
  • Data and market value analyses for the U.S., Canada, Mexico, Germany, the U.K., Italy, China, India and Japan
  • Overview of the sustainability trends and factors in the market for generic drugs, with emphasis on consumer attitudes, ESG scores, case studies and the ESG practices of leading companies
  • Analysis of the pipeline for new generic drugs and their impact on the growth of the overall biopharmaceutical products market
  • Patent review and analysis of key patent grants
  • An analysis of the industry structure, including company market shares, recent M&A activity, and venture funding
  • Analysis of the top market players, their global rankings, recent developments, key financials and segmental revenues, and product portfolios
  • Profiles of the leading market players

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • What's New in this Update?
  • Research Methodology
  • Information Sources
  • Regional Breakdown
  • Segmentation Breakdown
Chapter 2 Summary and Highlights
  • Market Outlook
  • Market Summary
Chapter 3 Market Overview
  • Introduction
  • Adequate Market Size
  • Patent-Expired Therapies
  • Older Products Still Used
  • Long-Term Use
  • Straightforward Production Technology
  • Drugs Used in Primary Care
  • Biosimilars
Chapter 4 Market Dynamics
  • Market Drivers
  • Increasing Patent Cliffs and Loss of Exclusivities
  • Favorable Healthcare Policies
  • Changing Physician Attitudes
  • Market Challenges
  • Pricing Pressures and Low Profit Margins
  • Patent Extension Strategies of Innovator Companies
Chapter 5 Market Breakdown by Molecule Type
  • Global Market for Generic Drugs
  • Global Generic Drugs Market, by Molecule Type
  • Small Molecule Generics
  • Biosimilars
Chapter 6 Market Breakdown by Region
  • Introduction
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
  • Rest of the World
Chapter 7 Sustainability: An ESG Perspective
  • Introduction to ESG
  • Sustainability in the Generic Drugs Industry: An ESG Perspective
  • Key ESG Issues
  • Environmental Performance of Key Generic Drug Companies
  • Social Performance of Key Generic Drug Companies
  • Governance Performance of Key Generic Drug Companies
  • Case Study
  • Concluding Remarks
Chapter 8 Emerging Trends and Developments
  • Key Trends in the Market
  • Collaborations for R&D
  • Rise of Complex Generics in Immunology and Oncology
  • Improving Portfolio Efficiency
  • Focus on Emerging Markets
Chapter 9 Regulatory Landscape
  • Regulatory Overview
  • U.S.
  • Evolving Situation in the U.S.
  • European Union
  • Japan
  • Regulation of Biosimilars
  • EU Provisions
  • Authorized Generic Drugs
Chapter 10 Competitive Landscape
  • Competitive Landscape
  • M&A Analysis
Chapter 11 Company Profiles
  • Aspen Pharmacare
  • Aurobindo Pharma
  • Cipla Inc.
  • Dr. Reddy's Laboratories Ltd.
  • Fresenius Kabi
  • Lupin Ltd.
  • Sandoz
  • Sun Pharmaceutical Industries Ltd.
  • Teva Pharmaceutical Industries Ltd.
  • Viatris Inc.
List of Tables
Summary Table A: Global Market for Generic Drugs, by Molecule Type, Through 2028
Summary Table B: Global Market for Generic Drugs, by Region, Through 2028
Table 1: List of Block Buster Drugs Undergoing Patent Expiry in Coming Years
Table 2: Global Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 3: Global Market for Generic Drugs, by Top 10 Countries, Through 2028
Table 4: Global Top Selling Pharmaceuticals, 2022
Table 5: Global Market for Generic Drugs, by Molecule Type, Through 2028
Table 6: Global Market for Small Molecule Generics, by Region, Through 2028
Table 7: Approved Biosimilar Products in the U.S.
Table 8: Global Market for Biosimilars, by Region, Through 2028
Table 9: Global Market for Generic Drugs, by Region, Through 2028
Table 10: North American Market for Generic Drugs, Through 2028
Table 11: U.S. Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 12: Canadian Key Therapeutic Areas in Retail and Hospital Purchases, 2022
Table 13: Canadian Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 14: European Market for Generic Drugs, by Country, Through 2028
Table 15: German Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 16: French Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 17: Italian Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 18: U.K. Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 19: Spanish Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 20: Penetration of Generic Drugs in the Pharmaceutical Market in Other European Countries, 2022
Table 21: Rest of the European Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 22: Asia-Pacific Market for Generic Drugs, by Country, Through 2028
Table 23: Chinese Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 24: Japanese Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 25: Indian Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 26: Rest of Asia-Pacific Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 27: RoW Market for Generic Drugs Compared with the Total Pharmaceutical Market, Through 2028
Table 28: ESG Rankings for Major Generic Drugs Companies, 2023*
Table 29: ESG: Environmental Overview
Table 30: ESG: Social Overview
Table 31: ESG: Governance Overview
Table 32: Teva: ESG Ratings Received, 2022
Table 33: Collaborations for R&D and Licensing Agreements, 2022 and 2023
Table 34: Portfolio Expansion Activities of Key Generic Companies
Table 35: Requirements for NDA and ANDA Applications
Table 36: Leading Generic Drug Companies, by Sales, 2022
Table 37: Comparative Analysis of Top Three Competitors
Table 38: M&A Analysis of Generic Drugs Markets, 2022 and 2023
Table 39: Aspen Pharmacare Holdings Ltd.: Company Snapshot
Table 40: Aspen Pharmacare Holdings Ltd.: Financials, 2021 and 2022
Table 41: Aspen Pharmacare Holdings Ltd: Key Product Portfolio
Table 42: Aspen Pharmacare Holdings Ltd.: Recent Developments, 2023
Table 43: Aurobindo Pharma Ltd.: Company Snapshot
Table 44: Aurobindo Pharma Ltd.: Financials, 2021 and 2022
Table 45: Aurobindo Pharma Ltd.: Recent Developments, 2022
Table 46: Cipla Inc.: Company Snapshot
Table 47: Cipla Inc.: Financials, 2021 and 2022
Table 48: Cipla Inc.: Key Product Launches, by Region, 2022
Table 49: Cipla Inc.: Recent Developments, 2023
Table 50: Dr. Reddy's Laboratories Ltd.: Company Snapshot
Table 51: Dr. Reddy's Laboratories Ltd.: Financials, 2021 and 2022
Table 52: Dr. Reddy's Laboratories Ltd.: Biosimilars Portfolio
Table 53: Dr. Reddy's Laboratories Ltd.: Recent Developments, 2022-2023
Table 54: Fresenius Kabi AG: Company Snapshot
Table 55: Fresenius Kabi AG: Biosimilars Portfolio
Table 56: Fresenius Kabi AG: Biosimilar Products in Pipeline
Table 57: Fresenius Kabi AG: Recent Developments, 2022-2023
Table 58: Lupin Ltd.: Company Snapshot
Table 59: Lupin Ltd.: Financials, 2021 and 2022
Table 60: Lupin Ltd.: Recent Developments, 2023
Table 61: Sandoz Group AG: Company Snapshot
Table 62: Sandoz Group AG: Financials, 2021 and 2022
Table 63: Sandoz Group AG: Product Portfolio
Table 64: Sandoz Group AG: Key Biosimilar Products in Phase III and Registration
Table 65: Sandoz Group AG: Recent Developments, 2023
Table 66: Sun Pharmaceutical Industrial Ltd.: Company Snapshot
Table 67: Sun Pharmaceutical Industrial Ltd.: Financials, 2021 and 2022
Table 68: Teva Pharmaceutical Industrial Ltd.: Company Snapshot
Table 69: Teva Pharmaceutical Industrial Ltd.: Financials, 2021 and 2022
Table 70: Teva Pharmaceutical Industrial Ltd.: Biosimilars Portfolio
Table 71: Teva Pharmaceutical Industrial Ltd.: Recent Developments, 2023
Table 72: Viatris Inc.: Company Snapshot
Table 73: Viatris Inc.: Financials, 2021 and 2022
Table 74: Viatris Inc.: Recent Developments, 2022-2023
List of Figures
Summary Figure A: Global Market for Generic Drugs, by Molecule Type, 2020-2028
Summary Figure B: Global Market for Generic Drugs, by Region, 2020-2028
Figure 1: Generic Drugs Market Dynamics
Figure 2: Generic Drugs Approved in the U.S., 2019-2022
Figure 3: Regulatory Pathways for Small Molecule Generics and Biosimilars
Figure 4: Global Market Shares of Generic Drugs, by Molecule Type, 2022
Figure 5: Global Market for Small Molecule Generics, 2020-2028
Figure 6: Global Market for Biosimilars, 2020-2028
Figure 7: Snapshot of Global Market for Generic Drugs, by Region
Figure 8: Global Market Shares of Generic Drugs, by Region, 2022
Figure 9: Annual Savings from Biosimilars and Generics in the U.S., 2019-2022
Figure 10: European Market Shares of Generic Drugs, by Country, 2022
Figure 11: Asia-Pacific Market Shares of Generic Drugs, by Country, 2022
Figure 12: ESG Pillars
Figure 13: Advantages of ESG for Companies in the Generic Drugs Market
Figure 14: Key Focus Areas in ESG Metrics in the Generics Market
Figure 15: Teva: ESG Indicators, 2022
Figure 16: Emerging Trends in the Generic Drugs Market
Figure 17: Aspen Pharmacare Holdings Ltd.: Financials, 2021 and 2022
Figure 18: Aspen Pharmacare Holdings Ltd.: Market Share, by Business Segment, 2022
Figure 19: Aspen Pharmacare Holdings Ltd.: Revenue Share, by Region, 2022
Figure 20: Aurobindo Pharma Ltd.: Financials, 2021 and 2022
Figure 21: Aurobindo Pharma Ltd.: Revenue Share, by Business Segment, 2022
Figure 22: Aurobindo Pharma Ltd.: ANDA Filings, by Region, FY2022
Figure 23: Cipla Inc.: Financials, 2021 and 2022
Figure 24: Cipla Inc.: Revenue Share, by Business Segment, 2022
Figure 25: Cipla Inc.: ANDAs Pipeline, FY 2022
Figure 26: Dr. Reddy’s Laboratories Ltd.: Financials, 2021 and 2022
Figure 27: Dr. Reddy’s Laboratories Ltd.: Revenue Share, by Business Segment, 2022
Figure 28: Dr. Reddy's Laboratories Ltd.: Global Generics Revenue Share, by Therapeutic Area, 2022
Figure 29: Dr. Reddy's Laboratories Ltd.: Revenue Share, by Country, 2022
Figure 30: Lupin Ltd.: Financials, 2021 and 2022
Figure 31: Lupin Ltd.: Revenue Share, by Business Segment, 2022
Figure 32: Lupin Ltd.: India Revenue Share, by Therapeutic Area, 2022
Figure 33: Timeline of Novartis and Sandoz Separation
Figure 34: Sandoz Group AG: Financials, 2021 and 2022
Figure 35: Sandoz Group AG: Market Share, by Business Segment, 2022
Figure 36: Sandoz Group AG: Revenue Share, by Region, 2022
Figure 37: Sun Pharmaceutical Industrial Ltd.: Financials, 2021 and 2022
Figure 38: Sun Pharmaceutical Industrial Ltd.: Revenue Share, by Business Segment, 2022
Figure 39: Cumulative ANDAs Filed and Approved in the U.S., FY 2019-FY 2023
Figure 40: Teva Pharmaceutical Industrial Ltd.: Financials, 2021 and 2022
Figure 41: Teva Pharmaceutical Industrial Ltd.: Revenue Share, by Region, 2022
Figure 42: Viatris Inc.: Financials, 2021 and 2022
Figure 43: Viatris Inc.: Market Share, by Business Segment, 2022
Figure 44: Viatris Inc.: Revenue Share, by Region, 2022

Executive Summary

The global market for generic drugs was valued at $407.2 billion in 2022. The market is forecast to grow from $435.3 billion in 2023 at a compound annual growth rate (CAGR) of 8.5% to reach approximately $655.8 billion by the end of 2028.

The increasing patent cliffs and exclusivities, favorable regulatory policies, and positive changes in prescription patterns are responsible for market growth.

This report segments the global market by molecule type and region. The market is categorized into small-molecule drugs and biosimilars based on molecule type. The small molecule drugs segment, which held the largest share in 2022, is expected to grow at a 6.6% CAGR during the forecast period. This segment’s large share is attributed to the growing medical needs of chronically ill patients. The biosimilars segment is growing at a higher CAGR, 25.3%, during the forecast period. The increasing prevalence of cancer and immunological diseases drives the need for low-cost biosimilars.

Some companies in this market include Teva Pharmaceutical Industries Ltd., Sandoz Group AG, Viatris Inc., Sun Pharmaceutical Ltd., and Fresenius Kabi.

Companies Mentioned

  • Aspen Pharmacare
  • Aurobindo Pharma
  • Cipla Inc.
  • Dr. Reddy's Laboratories Ltd.
  • Fresenius Kabi
  • Lupin Ltd.
  • Sandoz
  • Sun Pharmaceutical Industries Ltd.
  • Teva Pharmaceutical Industries Ltd.
  • Viatris Inc.

Table Information