Generic Drug Market by Route of Drug Administration (Oral, Parental, Topical, and Others), Therapeutic Application (Central Nervous System (CNS), Cardiovascular, Dermatology, Oncology, Respiratory and Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2023 to 2032

  • Publish Date: Jun, 2023
  • Report ID: 420453
  • Category: Healthcare
  • Pages: 232
$4700

The Generic Drug market is expected to grow from USD 410.27 billion in 2022 to USD 816.92 billion by 2032, at a CAGR of 7.13% during the forecast period 2023-2032.

Generic drugs vary from brand-name drugs in various ways, such as the manufacturing procedure, excipients, and packaging used in drug development. However, they are bioequivalent to brand-name drugs regarding potency, dosage, efficacy, safety, performance, and quality. Generic drugs become available when the patents for drugs already on the market will expire. Generic drugs that are not associated with a specific manufacturer are usually regulated by governments around the world.

The increasing prevalence of chronic diseases, cardiovascular disease, and diabetes, the ageing population, and healthcare spending are driving the growth of the generic drug market. On the other side, strict government regulations and medical side effects hamper the market's growth. However, the growing demand for new generic drugs, the rising number of clinical research & studies, and growing licensing and collaboration strategies employed by major vendors to launch new drugs are expected to create new opportunities during the forecast period.

This study comprehensively analyses the route of drug administration, therapeutic application, and region. The route of drug administration segment includes oral, parental, topical, and others. The oral segment accounted for the highest market share in 2022 due to numerous benefits compared to the other route of drug administration, such as ease of administration and no care requirements, thus increasing patient acceptance and compliance.  The therapeutic application segment is divided into the central nervous system (CNS), cardiovascular, dermatology, oncology, respiratory and others. The oncology segment registered the largest market share in 2022 due to the growing need to treat oncological diseases (breast cancer, multiple myeloma, testicular cancer, and others) worldwide.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American region held the highest market revenue in 2022 due to the growing population, rising awareness of medical knowledge among populations, increasing government spending and initiatives, and growing healthcare infrastructure. The Asia Pacific region is expected to register the highest growth during the forecast period due to the growing population, rising awareness of medical knowledge among populations, increasing government spending and initiatives, and growing healthcare infrastructure.

Some of the notable players in the market are Teva Pharmaceuticals Industries Ltd., Mylan NV, Novartis AG, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Fresenius SE & Co. KGaA., Lupin Endo International plc., Aurobindo Pharma, Novartis AG, Hikma Pharmaceuticals PLC., STADA Arzneimittel AG, Eli Lilly and Company and Aspen Holdings among others.

  • Global Generic Drug Market Analysis and Forecast, Route of Drug Administration
    • Oral
    • Parental
    • Topical
    • Others
  • Global Generic Drug Market Analysis and Forecast, Therapeutic Application
    • Central Nervous System (CNS)
    • Cardiovascular
    • Dermatology
    • Oncology
    • Respiratory
    • Others
  • Global Generic Drug Market Analysis and Forecast, Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest Of MEA

Report Description:

  • The base year for the study has been considered 2022, historic year 2019 to 2021, the forecast period considered is from 2023 to 2032.
  • The study delivers a comprehensive analysis of global market for all segments and region.
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2023 to 2032.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Route of Drug Administration
          4.3.2. Market Attractiveness Analysis By Therapeutic Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The rising prevalence of chronic diseases
          5.2.2. Growing geriatric population
          5.2.3. Large number of patents expired branded drugs
    5.3. Restraints
          5.3.1. Medical side effects
    5.4. Opportunities
          5.4.1. New product developments
    5.5. Challenges
          5.5.1. Stringent regulations
6. Global Generic Drug Market Analysis and Forecast, By Route of Drug Administration
    6.1. Segment Overview
    6.2. Oral
    6.3. Parental
    6.4. Topical
    6.5. Others
7. Global Generic Drug Market Analysis and Forecast, By Therapeutic Application
    7.1. Segment Overview
    7.2. Central Nervous System (CNS)
    7.3. Cardiovascular
    7.4. Dermatology
    7.5. Oncology
    7.6. Respiratory
    7.7. Others
8. Global Generic Drug Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global Generic Drug Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Generic Drug Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Teva Pharmaceuticals Industries Ltd.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Mylan NV
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Novartis AG
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Pfizer Inc.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Sun Pharmaceutical Industries Ltd.
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Fresenius SE & Co. KGaA.
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Lupin
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Endo International plc.
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Aurobindo Pharma
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Novartis AG
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Hikma Pharmaceuticals PLC.
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. STADA Arzneimittel AG
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Eli Lilly and Company
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Aspen Holdings
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis

List of Table

1. Global Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

2. Global Oral, Generic Drug Market, By Region, 2019-2032 (USD Billion) 

3. Global Parental, Generic Drug Market, By Region, 2019-2032 (USD Billion) 

4. Global Topical, Generic Drug Market, By Region, 2019-2032 (USD Billion) 

5. Global Others, Generic Drug Market, By Region, 2019-2032 (USD Billion) 

6. Global Generic Drug Market, By Therapeutic Application, 2019-2032 (USD Billion)

7. Global Central Nervous System (CNS), Generic Drug Market, By Region, 2019-2032 (USD Billion)

8. Global Cardiovascular, Generic Drug Market, By Region, 2019-2032 (USD Billion)

9. Global Dermatology, Generic Drug Market, By Region, 2019-2032 (USD Billion)

10. Global Oncology, Generic Drug Market, By Region, 2019-2032 (USD Billion)

11. Global Respiratory, Generic Drug Market, By Region, 2019-2032 (USD Billion)

12. Global Others, Generic Drug Market, By Region, 2019-2032 (USD Billion)

13. Global Generic Drug Market, By Region, 2019-2032 (USD Billion)

14. North America Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

15. North America Generic Drug Market, By Therapeutic Application, 2019-2032 (USD Billion)

16. U.S. Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

17. U.S. Generic Drug Market, By Therapeutic Application, 2019-2032 (USD Billion)

18. Canada Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

19. Canada Generic Drug Market, By Therapeutic Application, 2019-2032 (USD Billion)

20. Mexico Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

21. Mexico Generic Drug Market, By Therapeutic Application, 2019-2032 (USD Billion)

22. Europe Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

23. Europe Generic Drug Market, By Therapeutic Application, 2019-2032 (USD Billion)

24. Germany Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

25. Germany Generic Drug Market, By Therapeutic Application, 2019-2032 (USD Billion)

26. France Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

27. France Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

28. U.K. Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

29. U.K. Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

30. Italy Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

31. Italy Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

32. Spain Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

33. Spain Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

34. Asia Pacific Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

35. Asia Pacific Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

36. Japan Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

37. Japan Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

38. China Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

39. China Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

40. India Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

41. India Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

42. South America Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

43. South America Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

44. Brazil Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

45. Brazil Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

46. Middle East and Africa Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

47. Middle East and Africa Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

48. UAE Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

49. UAE Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

50. South Africa Generic Drug Market, By Route of Drug Administration, 2019-2032 (USD Billion)

51. South Africa Generic Drug Market, By Therapeutic Application 2019-2032 (USD Billion)

List of Figures 

1. Global Generic Drug Market Segmentation

2. Global Generic Drug Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Generic Drug Market Attractiveness Analysis By Route of Drug Administration 

9. Global Generic Drug Market Attractiveness Analysis By Therapeutic Application

10. Global Generic Drug Market Attractiveness Analysis By Region

11. Global Generic Drug Market: Dynamics

12. Global Generic Drug Market Share By Route of Drug Administration (2023 & 2032)

13. Global Generic Drug Market Share By Therapeutic Application (2023 & 2032)

14. Global Generic Drug Market Share By Regions (2023 & 2032)

15. Global Generic Drug Market Share By Company (2022)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Testimonials

Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –

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Health Technology Innovation
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Hi Rahul,
Thank You for the report it is good and beneficial for me.
Thank You in Advance

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Dear Siddhartha,
Thank you for your fast reply. The report arrived safe and sound, evrything looks all right.
Thank you very much for your assitance and I will be looking forward to another opportunity for cooperation.

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ČESKÁ ZBROJOVKA A.S.

Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!

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The AMES Companies, Inc.

Hi Siddhartha-san,
Many thanks for sending trade map with final report.
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Maritime Business Sect.
Aviation & Maritime Business Dept.
Sumitomo Mitsui Finance and Leasing Co.,Ltd

Hello Sapna,
Thanks for the report. We've been going through it and see some good data on the market and players.

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