'Generic Drugs Market Will Reach $127.8 Billion in 2013' Predicts
new Visiongain Report
LONDON, November 28, 2012 /PRNewswire/ --
A new report by visiongain predicts that the world market for
generic pharmaceuticals will reach $127.8bn in 2013. That revenue forecast and
others appear in Generic Drugs: World Market 2013-2023, published
in November 2012. Visiongain is a
business information provider based in London, UK.
The world prescription generic drug industry stands at
$110.8bn in 2011. If a more general
definition of off-patent medicines is used to define generics, some
estimates put the size of the industry at over $150bn. In the US, generic drug sales have more
than tripled since 2000. Sales of generics there currently
represent over 40% of worldwide sales, with generic drugs
accounting for about 70% of the prescriptions dispensed in the US.
This percentage is likely to increase as novel branded drugs face
further competition from generic products. Other countries will
experience similar trends, the report finds.
Visiongain forecasts that the overall generic drugs market will
grow steadily to 2023. As general life expectancy rises, increasing
numbers of elderly people in developed countries - and growing
numbers of middle class consumers in developing countries - raise
the demand for affordable medicines, especially generic drugs.
There are many opportunities for companies providing generics,
though competition is high in many national and therapeutic
markets.
Dr Syed Ahmed, a senior
pharmaceutical industry analyst in visiongain, said: "A number of
factors have contributed to the growth of the world generics
market. Prominent blockbuster drugs will lose patent protection in
the next few years, with many having done so already. Novel
pharmaceutical manufacturers are set to lose over $50bn in sales due to patent expiry in 2013
alone. That situation presents great opportunities for generics
producers over the next 10 years. Also, growth in the generics
industry and market will continue steadily as legislative demands
to control healthcare costs increase, especially in the US and
European markets. Many healthcare payers demand generic substitutes
for branded prescription medicines, especially drugs with wide
use.
"In addition, other growth drivers for the generics industry and
market include a trend for innovator pharmaceutical companies to
establish a presence in the generics market. To overcome what is
perceived as big pharma's continued innovation drought, leading
companies such as Pfizer, Novartis and Sanofi have built
partnerships with generic drug producers or purchased generic drug
operations. Generics manufacturing companies seeking to increase
scale, revenue, market share and competitive advantages have also
been involved in mergers and acquisitions. Leading generics
companies have also been active in geographical expansion,
especially into developing countries. We predict those trends will
continue."
Visiongain's report shows revenue forecasts to 2023 at overall
world market and national level. Research, data and analyses cover
activities of Teva, Sandoz (Novartis), Mylan, Apotex, Hospira,
Watson and other generics specialists, as well as other pharma
companies.
That study discusses developments and commercial news, shows
research interviews and predicts individual revenues to 2023 in
leading national markets. The work analyses the US, Japan, the UK, Germany, France, Spain, Italy,
Turkey, Brazil, Mexico, South
Korea, the Russian
Federation, India and
China.
Generic Drugs: World Market 2013-2023 adds to visiongain's range
of analytical reports on industries and markets in healthcare.
For sample pages and further information concerning the
Visiongain report Generic Drugs: World Market 2013-2023, please
visit:
http://www.visiongain.com/Report/932/Generic-Drugs-World-Market-2013-2023
For an executive summary please contact:
Email: Sara Peerun on
sara.peerun@visiongainglobal.com
Tel: +44(0)20-7336-6100
Companies Listed
Abbott Laboratories
Aché Laboratórios Farmacêuticos
Actavis
Altra Investments
Amgen
Andrx
Andrx Corporation
Apotex
APP Pharmaceuticals
Arrow Group
Ascent Pharmahealth
Asociación Española de Fabricantes de Sustancias y Especialidades
Farmacéuticas Genéricas (AESEG)
Aspen
Assogenerici - Associazione Nazionale Industrie Farmaci
Generici
AstraZeneca
Aurobindo Pharma
Barr Pharmaceuticals
Bayer HealthCare
Bedford Laboratories
Beijing MedPharm
Bioniche Pharma Holdings
Biopartners
Biotechnology Industry Organization (BIO)
Blue Cross Blue Shield Association (BCBSA)
BMP Sunstone
Boehringer Ingelheim
Bristol-Myers Squibb
British Generics Manufacturers Association (BGMA)
Cangene Corporation
Celltrion
Centers for Medicare and Medicaid Services
Cephalon
Chon Kun Dang
Cipla
Claris Lifesciences
CoGenesys
Committee for Medicinal Products for Human Use (CHMP)
Congressional Budget Office (CBO)
Corporación Infarmasa ("Infarmasa", Peru)
Corporación Infarmasa [Peru]
Daiichi Sankyo
Dey Pharma
DOC Generici
Dr. Reddy's Laboratories
Ebewe Pharma
Eden Biodesign
Egis
Eisai Pharmaceuticals
Eli Lilly
EMS Sigma Pharma
Eon Labs
Eurofarma Laboratorios
European Commission (EC)
European Court of Justice
European Generic Medicines Association (EGA)
European Medicines Agency (EMA/EMEA)
European Union (EU)
Famy Care
Farmacia del Ahorro
Farmacias Similares
Federal Trade Commission (FTC)
Finox
Food and Drug Administration (US FDA)
Fuji Pharma
Gedeon Richter
Genentech
Generic Pharmaceutical Association (GPhA)
German Association of Pharmacists (ABDA)
GlaxoSmithKline (GSK)
Glenmark Pharmaceuticals
Greenstone (Pfizer)
H. Lundbeck
Health, Education, Labor and Pensions (HELP, US Senate
Committee)
Healthcare Economics LLC
Hexal
Hospira
Hospira Healthcare India
Intas Biopharmaceuticals
IVAX
Javelin Pharmaceuticals
Johnson & Johnson
Jubilant Organosys
Kowa Pharmaceuticals
Krka
Laboratorios Best
Laboratorios Kendrick
Lareq Pharma
Lek Pharmaceuticals
Lundbeck
Lupin Pharmaceuticals
MasterLek
Matrix
Matrix Laboratories
Mayne Pharma
Medi-Mart
Medley Pharmaceuticals
Merck & Co.
Merck KGaA
Ministry of Health, Labour and Welfare [Japan]
Mundipharma International
Mylan Institutional
Mylan Laboratories
Mylan Pharmaceuticals
Mylan Seiyaku
National Health Service (UK NHS)
National Institute for Biological Standards and Control (NIBSC,
UK)
Nichi-iko Pharmaceutical
Nippon Chemiphar
Novartis
NOVN.V Hexal
Office of Generic Drugs (OGD, US FDA)
Onco Therapies
Orchid Chemicals & Pharmaceuticals
Oriel Therapeutics
Parexel Consulting
Pfizer
Pharmaceutical Research and Manufacturers of America (PhRMA)
Pharmstandard
Piramal Healthcare
Pliva
Purdue Pharma
Ranbaxy Laboratories
Ratiopharm
RBC Capital Markets
Roche
Samsung
Sanborns
Sandoz
Sanofi (formerly sanofi-aventis)
Sawai Pharmaceuticals
Shire Pharmaceuticals
SICOR
Sigma Pharmaceuticals
SK Chemicals
Specifar Pharmaceuticals SA
Stada Arzneimittel AG
Strides Arcolab
Sun Pharmaceuticals
Taisho Pharmaceutical Industries
Taiyo Pharmaceuticals
Takeda Pharmaceutical Company
Tecnofarma
Teva Parenteral Medicines
Teva Pharmaceutical Industries
The Rohatyn Group
Theramex
Topgen
Towa Pharmaceutical
UCB
UDL Laboratories
UK Department of Health
Veropharm
Vinca
Wal-Mart
Warner Chilcott
Watson Laboratories
Watson Pharmaceuticals
Wockhardt
World Trade Organization (WTO)
Wyeth
Zentiva
Zydus Cadila
Notes for Editors
If you are interested in a more detailed overview of this
report, please send an e-mail to sara.peerun@visiongainglobal.com
or call her on +44(0)207-336-6100
About visiongain
Visiongain is one of the fastest growing and most innovative
independent media companies in Europe. Based in London, UK, visiongain produces a host of
business-2-business conferences, newsletters, management reports
and e-zines focusing on the Energy, Telecoms, Pharmaceutical,
Defence, Materials sectors.
Visiongain publishes reports produced by its in-house analysts,
who are qualified experts in their field. Visiongain has firmly
established itself as the first port-of-call for the business
professional, who needs independent, high quality, original
material to rely and depend on.