
North America Generic Drugs Market Report and Forecast (2025-2034)
Description
The North America generic drugs market was valued at USD 177.20 Billion in 2024 driven by the rising demand for cost-effective medications and presence of a favorable regulatory environment. It is expected to grow at a CAGR of 6.80% during the forecast period of 2025-2034, with the values likely to attain USD 342.12 Billion by 2034 .
North America Generic Drugs Market Analysis
Generic drugs are a chemical copy of brand-name medications, containing the same active ingredients and offering similar clinical benefits. Generic medications also have to go through a shortened United States Food and Drug Administration (FDA) approval process before they can be marketed in the United States. Recent data reveals that 9 out of 10 prescriptions in the United States are filled for generic drugs, indicating their widespread use. There is a rising demand for cost-effective medications by both the healthcare systems as well as the patients to manage medical expenses, which is expected to propel the North America generic drugs market growth.
In North America, the rising burden of chronic diseases and the growing aging population significantly contribute to the global generic drugs market expansion. Further, the increasing patent expiration of branded drugs is a major growth driver for generic medications, allowing generic drug manufacturers to produce and market cheaper versions of formerly patented medications. For instance, Takeda Pharmaceutical’s patent for lisdexamfetamine dimesylate (Vyvanse) indicated for attention-deficit/hyperactivity disorder (ADHD) in children and adults, and binge-eating disorder (BED) in adults, expired on February 24, 2023, with a pediatric exclusivity period ending on August 24, 2023. It was reported that the FDA approved several first generics of Vyvanse following the end of the market exclusivity period of the original drug. Thus, the rising patent expiration of brand-name medications is anticipated to boost the North America generic drugs market share.
The market is also influenced by the presence of a favorable regulatory environment that fosters faster approvals and ensures market access to these low-cost drug alternatives. The FDA’s Office of Generic Drugs revealed a significant increase in generic drug approvals in its 2023 Annual Report, with 956 abbreviated new drug applications (ANDAs) including 90 first generics. Additionally, the surge in first-time generic drug approvals by the FDA, indicated by 12 such approvals in Q1 2024 alone, reflects the rapid market expansion of generic drugs.
North America Generic Drugs Market Segmentation
The report offers a detailed analysis of the market based on the following segments:
Market Breakup by Therapy Area
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
*Please Note:* The report will take 5 business days to complete, after order confirmation.
North America Generic Drugs Market Analysis
Generic drugs are a chemical copy of brand-name medications, containing the same active ingredients and offering similar clinical benefits. Generic medications also have to go through a shortened United States Food and Drug Administration (FDA) approval process before they can be marketed in the United States. Recent data reveals that 9 out of 10 prescriptions in the United States are filled for generic drugs, indicating their widespread use. There is a rising demand for cost-effective medications by both the healthcare systems as well as the patients to manage medical expenses, which is expected to propel the North America generic drugs market growth.
In North America, the rising burden of chronic diseases and the growing aging population significantly contribute to the global generic drugs market expansion. Further, the increasing patent expiration of branded drugs is a major growth driver for generic medications, allowing generic drug manufacturers to produce and market cheaper versions of formerly patented medications. For instance, Takeda Pharmaceutical’s patent for lisdexamfetamine dimesylate (Vyvanse) indicated for attention-deficit/hyperactivity disorder (ADHD) in children and adults, and binge-eating disorder (BED) in adults, expired on February 24, 2023, with a pediatric exclusivity period ending on August 24, 2023. It was reported that the FDA approved several first generics of Vyvanse following the end of the market exclusivity period of the original drug. Thus, the rising patent expiration of brand-name medications is anticipated to boost the North America generic drugs market share.
The market is also influenced by the presence of a favorable regulatory environment that fosters faster approvals and ensures market access to these low-cost drug alternatives. The FDA’s Office of Generic Drugs revealed a significant increase in generic drug approvals in its 2023 Annual Report, with 956 abbreviated new drug applications (ANDAs) including 90 first generics. Additionally, the surge in first-time generic drug approvals by the FDA, indicated by 12 such approvals in Q1 2024 alone, reflects the rapid market expansion of generic drugs.
North America Generic Drugs Market Segmentation
The report offers a detailed analysis of the market based on the following segments:
Market Breakup by Therapy Area
- Cardiovascular
- Dermatology
- Respiratory
- Oncology
- Rheumatology
- Others
- Oral
- Injectables
- Dermal/Topical
- Inhalers
- Others
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
- United States
- Canada
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Teva Pharmaceutical Industries Ltd
- Viatris Inc.
- Sun Pharmaceutical Industries Ltd
- Lupin
- AstraZeneca
- Baxter
- Takeda Pharmaceutical Company Limited
- GSK plc
- Bausch + Lomb
- Novartis AG
- Sanofi
- Pfizer Inc.
- Fresenius SE & Co. KGaA
- Hikma Pharmaceuticals PLC
- Aurobindo Pharma
*Please Note:* The report will take 5 business days to complete, after order confirmation.
Table of Contents
250 Pages
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 North America Generic Drugs Market Overview
- 3.1 North America Generic Drugs Market Historical Value (2018-2024)
- 3.2 North America Generic Drugs Market Forecast Value (2025-2034)
- 4 North America Generic Drugs Market Landscape*
- 4.1 North America Generic Drugs: Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 North America Generic Drugs: Product Landscape
- 4.2.1 Analysis by Therapy Area
- 4.2.2 Analysis by Route of Administration
- 4.2.3 Analysis by Distribution Channels
- 5 North America Generic Drugs Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.2.1 Strengths
- 5.2.2 Weaknesses
- 5.2.3 Opportunities
- 5.2.4 Threats
- 5.3 Porter’s Five Forces Model
- 5.3.1 Bargaining Power of Suppliers
- 5.3.2 Bargaining Power of Buyers
- 5.3.3 Threat of New Entrants
- 5.3.4 Threat of Substitutes
- 5.3.5 Degree of Rivalry
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 North America Generic Drugs Market Segmentation (218-2034)
- 6.1 North America Generic Drugs Market (2018-2034) by Therapy Area
- 6.1.1 Market Overview
- 6.1.2 Cardiovascular
- 6.1.3 Dermatology
- 6.1.4 Respiratory
- 6.1.5 Oncology
- 6.1.6 Rheumatology
- 6.1.7 Others
- 6.2 North America Generic Drugs Market (2018-2034) by Route of Administration
- 6.2.1 Market Overview
- 6.2.2 Oral
- 6.2.3 Injectables
- 6.2.4 Dermal/Topical
- 6.2.5 Inhalers
- 6.2.6 Others
- 6.3 North America Generic Drugs Market (2018-2034) by Distribution Channels
- 6.3.1 Market Overview
- 6.3.2 Hospital Pharmacy
- 6.3.3 Retail Pharmacy
- 6.3.4 Online Pharmacy
- 6.3.5 Others
- 6.4 North America Generic Drugs Market (2018-2034) by Country
- 6.4.1 Market Overview
- 6.4.2 United States
- 6.4.3 Canada
- 7 United States Generic Drugs Market Segmentation (218-2034)
- 7.1 United States Generic Drugs Market (2018-2034) by Therapy Area
- 7.1.1 Market Overview
- 7.1.2 Cardiovascular
- 7.1.3 Dermatology
- 7.1.4 Respiratory
- 7.1.5 Oncology
- 7.1.6 Rheumatology
- 7.1.7 Others
- 7.2 United States Generic Drugs Market (2018-2034) by Route of Administration
- 7.2.1 Market Overview
- 7.2.2 Oral
- 7.2.3 Injectables
- 7.2.4 Dermal/Topical
- 7.2.5 Inhalers
- 7.2.6 Others
- 8 Canada Generic Drugs Market Segmentation (218-2034)
- 8.1 Canada Generic Drugs Market (2018-2034) by Therapy Area
- 8.1.1 Market Overview
- 8.1.2 Cardiovascular
- 8.1.3 Dermatology
- 8.1.4 Respiratory
- 8.1.5 Oncology
- 8.1.6 Rheumatology
- 8.1.7 Others
- 8.2 Canada Generic Drugs Market (2018-2034) by Route of Administration
- 8.2.1 Market Overview
- 8.2.2 Oral
- 8.2.3 Injectables
- 8.2.4 Dermal/Topical
- 8.2.5 Inhalers
- 8.2.6 Others
- 9 Regulatory Framework
- 9.1 Regulatory Overview
- 9.1.1 US FDA
- 10 Patent Analysis
- 10.1 Analysis by Type of Patent
- 10.2 Analysis by Publication year
- 10.3 Analysis by Issuing Authority
- 10.4 Analysis by Patent Age
- 10.5 Analysis by CPC Analysis
- 10.6 Analysis by Patent Valuation
- 10.7 Analysis by Key Players
- 11 Grants Analysis
- 11.1 Analysis by Year
- 11.2 Analysis by Amount Awarded
- 11.3 Analysis by Issuing Authority
- 11.4 Analysis by Grant Housing Material
- 11.5 Analysis by Funding Institute
- 11.6 Analysis by Departments
- 11.7 Analysis by Recipient Organization
- 12 Funding and Investment Analysis
- 12.1 Analysis by Funding Instances
- 12.2 Analysis by Type of Funding
- 12.3 Analysis by Funding Amount
- 12.4 Analysis by Leading Players
- 12.5 Analysis by Leading Investors
- 12.6 Analysis by Geography
- 13 Partnership and Collaborations Analysis
- 13.1 Analysis by Partnership Instances
- 13.2 Analysis by Type of Partnership
- 13.3 Analysis by Leading Players
- 13.4 Analysis by Geography
- 14 Supplier Landscape
- 14.1 Market Share by Top 5 Companies
- 14.2 Teva Pharmaceutical Industries Ltd
- 14.2.1 Financial Analysis
- 14.2.2 Product Portfolio
- 14.2.3 Demographic Reach and Achievements
- 14.2.4 Mergers and Acquisitions
- 14.2.5 Certifications
- 14.3 Viatris Inc.
- 14.3.1 Financial Analysis
- 14.3.2 Product Portfolio
- 14.3.3 Demographic Reach and Achievements
- 14.3.4 Mergers and Acquisitions
- 14.3.5 Certifications
- 14.4 Sun Pharmaceutical Industries Ltd
- 14.4.1 Financial Analysis
- 14.4.2 Product Portfolio
- 14.4.3 Demographic Reach and Achievements
- 14.4.4 Mergers and Acquisitions
- 14.4.5 Certifications
- 14.5 Lupin
- 14.5.1 Financial Analysis
- 14.5.2 Product Portfolio
- 14.5.3 Demographic Reach and Achievements
- 14.5.4 Mergers and Acquisitions
- 14.5.5 Certifications
- 14.6 AstraZeneca
- 14.6.1 Financial Analysis
- 14.6.2 Product Portfolio
- 14.6.3 Demographic Reach and Achievements
- 14.6.4 Mergers and Acquisitions
- 14.6.5 Certifications
- 14.7 Baxter
- 14.7.1 Financial Analysis
- 14.7.2 Product Portfolio
- 14.7.3 Demographic Reach and Achievements
- 14.7.4 Mergers and Acquisitions
- 14.7.5 Certifications
- 14.8 Takeda Pharmaceutical Company Limited
- 14.8.1 Financial Analysis
- 14.8.2 Product Portfolio
- 14.8.3 Demographic Reach and Achievements
- 14.8.4 Mergers and Acquisitions
- 14.8.5 Certifications
- 14.9 GSK plc
- 14.9.1 Financial Analysis
- 14.9.2 Product Portfolio
- 14.9.3 Demographic Reach and Achievements
- 14.9.4 Mergers and Acquisitions
- 14.9.5 Certifications
- 14.10 Bausch + Lomb
- 14.10.1 Financial Analysis
- 14.10.2 Product Portfolio
- 14.10.3 Demographic Reach and Achievements
- 14.10.4 Mergers and Acquisitions
- 14.10.5 Certifications
- 14.11 Novartis AG
- 14.11.1 Financial Analysis
- 14.11.2 Product Portfolio
- 14.11.3 Demographic Reach and Achievements
- 14.11.4 Mergers and Acquisitions
- 14.11.5 Certifications
- 14.12 Sanofi
- 14.12.1 Financial Analysis
- 14.12.2 Product Portfolio
- 14.12.3 Demographic Reach and Achievements
- 14.12.4 Mergers and Acquisitions
- 14.12.5 Certifications
- 14.13 Pfizer Inc.
- 14.13.1 Financial Analysis
- 14.13.2 Product Portfolio
- 14.13.3 Demographic Reach and Achievements
- 14.13.4 Mergers and Acquisitions
- 14.13.5 Certifications
- 14.14 Fresenius SE & Co. KGaA
- 14.14.1 Financial Analysis
- 14.14.2 Product Portfolio
- 14.14.3 Demographic Reach and Achievements
- 14.14.4 Mergers and Acquisitions
- 14.14.5 Certifications
- 14.15 Hikma Pharmaceuticals PLC
- 14.15.1 Financial Analysis
- 14.15.2 Product Portfolio
- 14.15.3 Demographic Reach and Achievements
- 14.15.4 Mergers and Acquisitions
- 14.15.5 Certifications
- 14.16 Aurobindo Pharma
- 14.16.1 Financial Analysis
- 14.16.2 Product Portfolio
- 14.16.3 Demographic Reach and Achievements
- 14.16.4 Mergers and Acquisitions
- 14.16.5 Certifications
- 15 North America Generic Drugs Market – Distribution Model (Additional Insight)
- 15.1 Overview
- 15.2 Potential Distributors
- 15.3 Key Parameters for Distribution Partner Assessment
- 16 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 17 Company Competitiveness Analysis (Additional Insight)
- 17.1 Very Small Companies
- 17.2 Small Companies
- 17.3 Mid-Sized Companies
- 17.4 Large Companies
- 17.5 Very Large Companies
- 18 Payment Methods (Additional Insight)
- 18.1 Government Funded
- 18.2 Private Insurance
- 18.3 Out-of-Pocket
Pricing
Currency Rates
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