As per the study initiated by Evolve Business Intelligence, the global Specialty Generics Market size accounted for USD 69.9 Billion in 2022, growing at a CAGR of 9.9% from 2023 to 2030. The Specialty Generics Market refers to a segment of the pharmaceutical industry that focuses on the production and distribution of generic drugs that are considered to be “specialty” or niche medications. Generic drugs are copies of brand-name medications that have lost their patent protection, allowing other pharmaceutical companies to produce and sell equivalent versions at a lower cost. Specialty generics often involve more complex manufacturing processes and may require specialized expertise and equipment. These drugs are typically used to treat complex, chronic, or rare medical conditions.
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- The global Specialty Generics Market size was valued at USD 9 billion in 2022 growing at a CAGR of 9.9% from 2023 to 2030.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2030
Evolve Business Intelligence has published a new market research report on Global Specialty Generics Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Specialty Generics Market report also includes the following data points:
- COVID19 Impact on Specialty Generics Market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Specialty Generics Market
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Some of the major Specialty Generics Market players holding high market share include Hikma Pharmaceuticals PLC, Mallinckrodt, Bausch Health Companies Inc. and Dr. Reddy’s Laboratories Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Teva Pharmaceuticals Industries Ltd
- Viatris Inc.
- Novartis AG (Sandoz International GmbH)
- Hikma Pharmaceuticals PLC
- Bausch Health Companies Inc.
- Reddy’s Laboratories Ltd.
- Endo Pharmaceuticals Inc.
- Apotex Corp.
Market Segment By Type with focus on market share, consumption trend, and growth rate of Specialty Generics Market:
- Oral drugs
Market Segment By Application with focus on market share, consumption trend, and growth rate of Specialty Generics Market:
- Inflammatory conditions
- Multiple sclerosis
Market Segment By End Use with focus on market share, consumption trend, and growth rate of Specialty Generics Market:
- Specialty pharmacy
- Retail pharmacy
- Hospital pharmacy
|Market Size (2022)||$ 69.9 Billion|
|CAGR (2023 to 2030)||9.9%|
|Market Segmentation||Type, Application, End Use|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America|
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Global Automotive Steering Torque Sensors Geographic Coverage:
- North America
- Nordic Countries
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence providesan understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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