Specialty Generics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
The global specialty generics market reached a value of US$ 44.8 Billion in 2018. Specialty generics are generic versions of specialty drugs, once they get off-patent. These drugs are used to treat chronic or complex health conditions including cancer, autoimmune diseases, epilepsy, HIV, Hepatitis, multiple sclerosis, rheumatoid arthritis, etc. Speciality generics are cost-effective as compared to their branded versions as they don’t require costly development and marketing costs.
Compared to traditional generics, the speciality generics market is more concentrated with fewer players due to their complex manufacturing requirements, higher capital costs and relatively lower volumes as a result of smaller patient population. This results in lower price reduction compared to the branded drug and consequently higher margins compared to traditional generics. Speciality generics require special handling, administration, monitoring and generally need prior authorization to order them. The global speciality generics market is currently being driven by several factors such as rising ageing population, patent expiration of a number of branded specialty drugs, increasing prevalence of various life-threatening diseases such as cancer, multiple sclerosis, HIV, etc., cost containment measures from healthcare providers, growth from emerging markets, etc. Looking forward, the market value is further expected to reach US$ 88.9 Billion by 2024, exhibiting a CAGR of 11.9% during 2019-2024.
IMARC Group’s latest report provides a deep insight into the global specialty generics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smart lighting market in any manner.
Historical, Current and Future Market Trends
Market Breakup by Region:
Middle East Africa
Market Breakup by Route of Administration:
Market Breakup by Indication:
Market Breakup by Distribution channel:
The global specialty generics market consists of numerous manufacturers. Some of the leading players operating in the market are Teva Pharmaceuticals Industries, Akorn, Inc., Mylan N.V., Mallinckrodt, Sandoz International GmbH, Pfizer, Inc., Sun Pharmaceutical Industries Ltd., Valeant Pharmaceuticals, Apotex Corp., Endo International plc.
Key Questions Answered in This Report:
How has the global specialty generics market performed so far and how will it perform in the coming years?
What are the key regional markets in the global specialty generics industry?
What is the breakup of the global specialty generics market based on the indication?
What is the breakup of the global specialty generics market based on the route of administration?
What is the breakup of the global specialty generics market based on the distribution channel?
\What are the various stages in the value chain of the global specialty generics industry?
What are the key driving factors and challenges in the global specialty generics market?
What is the structure of the global specialty generics industry and who are the key players?
What is the degree of competition in the global specialty generics market?
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook