Global Generics

Global Generics

Summary

Global Generics industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• A generic drug is defined as a copy of an ethical (prescription) drug formerly protected by patents that have now expired. Both unbranded generics and branded generics are included in our market scope. However, off-patent drugs that continue to be offered by the original manufacturer under the original name, and which form part of the 'generic-eligible' market, are not included. Market value is evaluated at ex-factory prices. Market volume refers to the proportion of the total ethical pharmaceutical market in a country or region that is made up of generic drugs. Thus, it is a measure of the market share held by generics, rather than a direct measure of the total market volume. Regional volumes are calculated as averages of countries that comprise the region where volume data exists.
• The global generics market recorded revenues of $394.6 billion in 2023, representing a compound annual growth rate (CAGR) of 7.8% between 2018 and 2023.
• Market consumption volume increased with a CAGR of 1.4% between 2018 and 2023, to reach a total of 51.4% of total pharma volume in 2023.
• According to GlobalData, in 2023, Asia-Pacific accounting for a share of 47.7%, was the largest generics market globally. The dominance of the region is driven by its large-scale manufacturing capabilities, cost-competitive production, and robust supply chain infrastructure.

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the generics market in the global
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global generics market
• Leading company profiles reveal details of key generics market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Global generics market with five year forecasts

• What was the size of the Global generics market by value in 2023?
• What will be the size of the Global generics market in 2028?
• What factors are affecting the strength of competition in the Global generics market?
• How has the market performed over the last five years?
• Who are the top competitors in the global's generics market?