According to IMARC Group’s latest report, titled “Europe Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited strong growth during 2015-2020. Generic drugs refer to pharmaceutical products that have an equivalent therapeutic effect as their branded counterparts. They are identical to the innovator drug in terms of strength, quality, safety, dosage route of administration, etc. Unlike branded drugs, generic drugs are cost-efficient and do not require hefty investments in marketing campaigns or clinical studies.
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In Europe, various government bodies are undertaking several initiatives to maintain a stable supply of medicines and support the Supplementary Protection Certificate (SPC) manufacturing waiver, which is primarily driving the generic drug market. Additionally, limited production costs of generic drugs are attracting key manufacturers to make capital investments in the generic drug industry. In addition to this, sedentary consumer lifestyles, inflating income levels, and increasing prevalence of lifestyle and chronic diseases, such as cancer, diabetes, obesity, etc., are also augmenting the market growth. Furthermore, the escalating geriatric population and increasing healthcare expenditures are expected to fuel the Europe generic drug market over the forecasted period. Looking forward, IMARC Group expects the Europe generic drug market to continue its strong growth during 2021-2026.
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Breakup by Segment:
- Unbranded Generics
- Branded Generics
Breakup by Therapy Area:
- Central Nervous System
Breakup by Drug Delivery:
Breakup by Distribution Channel:
Breakup by Country:
- United Kingdom
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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