LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their latest report on the global generic drugs market. This new report will provide expert market insights for the forecast period 2018-2022.
The report will follow up on Technavio’s previous generic drugs research, offering an up-to-date analysis of the market concerning the current market scenario, latest trends and drivers, and the overall global environment.
The upgraded research report on the generic drugs market is an integral part of Technavio’s cardiovascular and metabolic disorders portfolio. Technavio covers an extensive range of market research reports on the cardiovascular and metabolic disorders market, covering different regions and top industry segments. Some of the topics include inflammatory bowel disease, liver cirrhosis therapeutics, type 1 diabetes drugs, age-related macular degeneration, and rheumatoid arthritis drugs.
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Opportunities for growth in the market
Technavio’s previous report on the global generic drugs market projected that the Americas showed the highest potential with a market share of nearly 41% in 2016 when compared to APAC and EMEA. In the Americas, the growth of the market is attributed to the increasing number of people with chronic illness and the patent expiries of top-selling drugs. Countries such as the US is the highest revenue contributor in this region. Even though the market in the US is saturating, it is likely to remain the largest generic drugs market in terms of value owing to the region's higher profit margins and legislation that enables the growth of generic drugs. This is expected to drive the US generic drug market size during the forecast period.
In the previous report, a senior research analyst at Technavio stated, “Most of the pharmaceutical companies are increasing their focus on outsourcing as a business strategy as they have been experiencing a decline in venture capital investment. While some of the players are looking to outsource parts of their R&D process, such as product characterization testing and toxicology testing to contract organizations, the others are encouraged to outsource parts or even their entire manufacturing processes to other organizations. This emerging trend of outsourcing helps pharmaceutical companies cut down on costs, which will drive the generic drugs market growth in the future.”
Technavio’s new on the report on the global generic drugs market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Market opportunities and factors impeding growth
- Market share analysis of the key players
The report on the global generic drugs market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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