Healthcare

Specialty Generics Market Insights, CAGR and Growth Prediction up to 2025

Specialty Generics
Specialty Generics

Global Specialty Generics Market Research Report 2019 to 2025 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability.

The Specialty Generics Market value is further expected to reach US$ 88.9 Billion by 2024, exhibiting a CAGR of 11.9% during 2019-2024.

The global specialty generics market is expected to reach USD 174.9 billion by 2025, according to a new report. Rise in demand for low-cost generic specialty drugs is a major factor estimated to accelerate the market growth during the forecast period.

The following manufacturers are covered in this report: Teva Pharmaceuticals USA, Inc., Mylan N.V., Sandoz International GmbH, Akorn, Inc., Mallinckrodt, Valeant Pharmaceuticals International, Inc., Pfizer Inc., Endo Pharmaceuticals Inc., Apotex Corp., Sun Pharmaceutical Industries Ltd. and others.

According to U.S. FDA, generic drugs cost 80% to 85% lower as compared to branded drugs. One of the factors contributing to their affordable price is that they do not need to repeat expensive clinical trials, advertising, and promotional activities.

Rise in number of off-patent specialty drugs is another major factor expected to support growth of the specialty generic drugs market. For instance, the patent for Gilenya, a blockbuster drug by Novartis, will expire in 2019. This drug led to USD 3.1 billion in sales in 2016 for Novartis, with 14% sales growth. In April 2017, Novartis failed to acquire patent extension for Gilenya till 2026 in the U.S. Federal Circuit. Such early patent expirations are expected to boost the entry of new generics.

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This report segments the Global Specialty Generics Market on the basis of Types:

Injectables

Oral

Others

On the Basis of Application the Global Specialty Generics Market is segmented into :

Oncology

Inflammatory Conditions

Multiple Sclerosis

Hepatitis C

Other

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of High Frequency Spindle in these regions, from 2014 to 2025 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India.

This independent report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Specialty Generics Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Further in the Specialty Generics Market research reports, following points are included along with in-depth study of each point:-

Production Analysis – Production of the Specialty Generics Market is analyzed with respect to different regions, types and applications. Here, price analysis of various Specialty Generics Market key players is also covered.

Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Specialty Generics Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Specialty Generics Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.

Competitors – In this section, various Specialty Generics Market leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Other analyses – Apart from the aforementioned information, trade and distribution analysis for the Specialty Generics Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

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