Generics in Australia
Description
Generics>in>Australia
Summary
>Generics>in>Australia>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>share,>market>size>(value>and>volume>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.
Key>Highlights
Summary
>Generics>in>Australia>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>share,>market>size>(value>and>volume>2019-24,>and>forecast>to>2029).>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>Australian>generics>market>recorded>revenues>of>$2.3>billion>in>2024,>representing>a>compound>annual>growth>rate>(CAGR)>of>6.3%>between>2019>and>2024.
- Market>consumption>volume>increased>with>a>CAGR>of>4.3%>between>2019>and>2024,>reaching>a>total>of>80.8%>of>total>pharma>volume>in>2024.
- In>2024,>the>revenue>of>the>Australian>generics>market>experienced>an>annual>growth>of>6.3%.>The>market’s>growth>is>driven>by>the>rising>prevalence>of>chronic>diseases>such>as>diabetes,>hypertension,>and>cardiovascular>conditions,>increasing>the>demand>for>affordable,>long-term>medications.
- Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>major>segments,>and>leading>players>in>the>generics>market>in>Australia
- Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>generics>market>in>Australia
- 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>Australia>generics>market>with>five>year>forecasts>by>both>value>and>volume
- What>was>the>size>of>the>Australia>generics>market>by>value>in>2024?
- What>will>be>the>size>of>the>Australia>generics>market>in>2029?
- What>factors>are>affecting>the>strength>of>competition>in>the>Australia>generics>market?
- How>has>the>market>performed>over>the>last>five>years?
- Who>are>the>top>competitors>in>Australia's>generics>market?
Table of Contents
44 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Teva Pharmaceutical Industries Ltd
- 8.2. Viatris Inc
- 8.3. Aspen Pharmacare Holdings Ltd
- 8.4. Lupin Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Australia generics market value: $ million, 2019-24
- Table 2: Australia generics market volume: % of total pharma volume, 2019-24
- Table 3: Australia generics market geography segmentation: $ million, 2024
- Table 4: Australia generics market value forecast: $ million, 2024-29
- Table 5: Australia generics market volume forecast: % of total pharma volume, 2024-29
- Table 6: Teva Pharmaceutical Industries Ltd: Key Facts
- Table 7: Teva Pharmaceutical Industries Ltd: Annual Financial Ratios
- Table 8: Teva Pharmaceutical Industries Ltd: Key Employees
- Table 9: Viatris Inc: Key Facts
- Table 10: Viatris Inc: Annual Financial Ratios
- Table 11: Viatris Inc: Key Employees
- Table 12: Aspen Pharmacare Holdings Ltd: Key Facts
- Table 13: Aspen Pharmacare Holdings Ltd: Annual Financial Ratios
- Table 14: Aspen Pharmacare Holdings Ltd: Key Employees
- Table 15: Lupin Ltd: Key Facts
- Table 16: Lupin Ltd: Annual Financial Ratios
- Table 17: Lupin Ltd: Key Employees
- Table 18: Australia Size of Population (Million), 2020-24
- Table 19: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 20: Australia GDP (Current Prices, $ Billion), 2020-24
- Table 21: Australia Inflation, 2020-24
- Table 22: Australia Consumer Price Index (Absolute), 2020-24
- Table 23: Australia Exchange Rate, 2019-24
- List of Figures
- Figure 1: Australia generics market value: $ million, 2019-24
- Figure 2: Australia generics market volume: % of total pharma volume, 2019-24
- Figure 3: Australia generics market geography segmentation: % share, by value, 2024
- Figure 4: Australia generics market value forecast: $ million, 2024-29
- Figure 5: Australia generics market volume forecast: % of total pharma volume, 2024-29
- Figure 6: Forces driving competition in the generics market in Australia, 2024
- Figure 7: Drivers of buyer power in the generics market in Australia, 2024
- Figure 8: Drivers of supplier power in the generics market in Australia, 2024
- Figure 9: Factors influencing the likelihood of new entrants in the generics market in Australia, 2024
- Figure 10: Factors influencing the threat of substitutes in the generics market in Australia, 2024
- Figure 11: Drivers of degree of rivalry in the generics market in Australia, 2024
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