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Bharat Book presents the report on “Global Markets for Generic Drugs” (https://www.bharatbook.com/healthcare-market-research-reports-467698/global-generic-drugs3.html). It provide detailed market, technology and industry analyses to help readers quantify and qualify the market for prescription generic drugs.

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The growing geriatric population and increasing incidences of chronic diseases are leading numerous government bodies to focus on reducing healthcare costs by promoting the manufacturing of generics. This, in turn, is primarily driving the generic drugs market. Furthermore, the rising number of drug patents expiring or about to expire is also providing a thrust to the global market. In addition to this, significant growth in the healthcare sector and several product innovations, such as the introduction of biosimilars, are further anticipated to fuel the generic drugs market in the coming years.

The US generic drug market has witnessed a transformation over the last three decades. From less than 20% of the total prescriptions, generic drugs now account for the majority of the total prescriptions dispensed in the United States. To get more infromation about the market, please visit @ http://www.imarcgroup.com/us-generics-market Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Website: http://www.imarcgroup.com Follow us on twitter : @imarcglobal

The US generic drug market has witnessed a transformation over the last three decades. From less than 20% of the total prescriptions, generic drugs now account for the majority of the total prescriptions dispensed in the United States. To get more information about the market, please visit @ http://www.imarcgroup.com/us-generics-market Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Website: http://www.imarcgroup.com Follow us on twitter : @imarcglobal

The Global Prescription Generic Drugs Industry 2015 report focuses on global major leading industry players providing information such as company profiles, product picture and specification, capacity production, price, cost, production value and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

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For more Info: https://www.renub.com/united-states-generic-drugs-market-nd.php As per Renub Research analysis United States Generic Drugs Market is anticipated to be more than USD 210 Billion by the year 2024. It has approximately 80% share of total dispensing prescriptions. Now most of the physicians and hospitals like prescribe generic drugs as compared to branded drugs. What is a Generic Drug? It is a Pharmaceutical drug that has the same chemical composition as patented drug. It has the same Active Pharmaceutical Ingredient (API) as original, but may have different manufacturing process, excipients, color, taste and packaging. It is only allowed when the patent(s) of on original drug is expired.

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Global Generic drugs market was worth USD 395.20 billion in 2016 and is expected to reach USD 652.6 billion by 2021 with a CAGR of 10.53%

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Substitution of low-cost generic drugs for innovator drugs has proved to be a successful strategy in lowering down the healthcare costs. Therefore, the government and healthcare providers believe that the growth of generic drug market is important for the long term economic health in both developed and developing markets.

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