Future Market Insights (FMI), an ESOMAR-certified market research firm, forecasts that the Branded Generics Market will grow by 4.9% year on year in 2021, reaching a valuation of 283.2 Billion.
Because of their increasing popularity, the Branded Generics Market is expected to grow at a CAGR of 5.8% between 2021 and 2031. In 2021, the top players are expected to control nearly 20%-25% of the overall market.
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Due to the increasing rate of branded generics uptake by large-scale pharmacy chains in emerging economies, Asia Pacific Excluding Japan (APEJ) continues to dominate the global Branded Generics Market.
COVID-19 Impact Analysis on Branded Generics Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Branded Generics market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Branded Generics market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Branded Generics market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Branded Generics Market: Segmentation
Valuable information covered in the FMI’s Branded Generics market report has been segregated into key segments and sub-segments.
Therapeutic Application:
- Oncology
- Cardiovascular Diseases
- Diabetes
- Neurology
- Gastrointestinal Diseases
- Dermatology Diseases
- Analgesics and Anti-inflammatory
- Others
Drug Class:
- Alkylating Agents
- Antimetabolites
- Hormones
- Anti-Hypertensive
- Lipid Lowering Drugs
- Anti-Depressants
- Anti-Psychotics
- Anti-Epileptics
- Others
Formulation Type:
- Oral
- Parenteral
- Topical
- Others
Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Drug Stores
Branded Generics Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Branded Generics market. Competitive information detailed in the Branded Generics market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Branded Generics market report.
Key players covered in the report include:
Teva, Abbott Laboratories, Novartis, Mylan, Pfizer and others
Important Questions Answered in the Branded Generics Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Branded Generics market been expanding during the forecast period?
- How will the global Branded Generics market look like by the end of the forecast period?
- What innovative strategies are adopted by Branded Generics market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Branded Generics market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Branded Generics market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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