Branded generics require low research or development costs compared to the branded prescription products. Companies that operate in branded generic business invest majorly in marketing the product and to create brand awareness.

The global Branded Generics Market is estimated to account for US$ 247.0 Mn in terms of value in 2019 and is expected to reach US$ 444.0 Mn by the end of 2027.

Global Branded Generics Market: Drivers

Increasing affordability and guidelines of products to boost growth of the branded generics market over the forecast period. The company with New Drug Application (NDA) must notify the FDA in order to market an authorized generic. The company with the NDA is allowed to market both the authorized generic and the brand drug simultaneously.

Global Branded Generics Market: Opportunities

Players in the market can focus on expanding their business in emerging markets. This is owing to increasing demand for generic drugs in these markets. For instance, according to India Brand Equity Foundation, the pharmaceutical sector in India supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in U.K.

Browse Research Report: https://www.coherentmarketinsights.com/market-insight/branded-generics-market-3391

Global Branded Generics Market: Restraints

Misuse of Risk Evaluation and Mitigation Strategies (REMS) to delay generic market entry is also expected to hinder growth of the market. Branded drug manufacturers/drug discovery companies use REMS to withhold access to drug samples for generic manufacturers’ bioequivalence testing and development. This in turn delays entry of branded generic drugs in the market.

Key Takeaways:

Oral segment in the global branded generics market was valued at US$ 134.8 Mn in 2018 and is expected to reach US$ 258.9 Mn by 2027 at a CAGR of 7.3% during the forecast period.

Oral medications is easy to administer and patient compliance with oral medication is higher than other routes of administration, mainly, due to ease of administration. Moreover, tablets, and capsules can be made more palatable using sweeteners, and colored coating. These factors are expected to support growth of the segment.

The retail pharmacies segment held dominant position in the global branded generics market in 2018, accounting for 45.4% share in terms of value, followed by hospital pharmacies and drug stores, respectively.

Patients find it easy and time saving to directly get their medication from retail pharmacies upon showing a prescription. Moreover, in economies such as Asia Pacific, and Africa, patients highly purchase their medications from retail pharmacies. These factors are expected to support growth of the segment over the forecast period.

The Asia Pacific region segment held dominant position in the global branded generics market in 2018, accounting for 32.3% share in terms of value, followed by Europe and North America, respectively.

Factors such as high patient population, increasing healthcare spending, presence of number of generic manufacturers who offer branded generics at cheaper rates are expected to support growth of the region over the forecast period.

* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/3391

Market Trends

Some states in the U.S. are focused on launching state-produced branded generics to reduce healthcare cost. For instance, in January 2020, the state government of California announced its plans to introduce its own brand of generic prescription drugs in order to reduce healthcare costs.

Major players in the market are offering discounts on their branded generics. For instance, in January 2020, Eli Lilly and Company announced its plans to offer half-price generic versions of its fast-acting Humalog Junior KwikPen insulin and Humalog Mix75/25 KwikPen, which contains a mix of fast- and intermediate-acting insulin by mid-April 2020.

Regulations

Europe

Pharmaceutical products in Europe are regulated by European Commission in consultation with the competent authorities of the Member States and the European Medicines Agency (EMEA)

The manufacturer or distributor of generic or multisource drugs in Europe must obtain Marketing Authorization Application (MAA) trough one of three procedures as indicated below

Global Branded Generics Market: Competitive Landscape

Major players operating in the global branded generics market include, Mylan N.V, Novartis AG, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Aspen Pharmacare Holding Ltd., Abbott Laboratories, and Valeant Pharmaceuticals International, Inc.

Global Branded Generics Market: Key Developments

Major players in the market are also focused on adopting M&A strategies to expand their portfolio. For instance, in October 2019, Zentiva, a developer of branded generics and OTC products, announced the signing of a definitive agreement to acquire the Central and Eastern European Business of Alvogen, for an undisclosed amount.

In July 2019, Mylan N.V. and Pfizer Inc. announced a definitive agreement to combine Mylan with Upjohn, Pfizer’s off-patent branded and generic established medicines business, creating a new global pharmaceutical company.

Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/3391

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
mailto:[email protected]
U.S. Office:
Name: Mr. Shah
Coherent Market Insights 1001 4th Ave,
# 3200 Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737