BRANDED GENERICS MARKET ANALYSIS
The global branded generics market is estimated to be valued at US$ 327.4 million in 2023 and is expected to exhibit a CAGR of 7.3% during the forecast period (2023-2030).
Figure 1. Global Branded Generics Market Share (%), by Drug Class, 2023
Figure 2. Global Branded Generics Market Value (US$ Million), by Region, 2023
Global Branded Generics Market- Regional Analysis
Among regions, Asia Pacific is estimated to hold a dominant position in the global branded generics market over the forecast period. The rising market share of branded generics in nations such as Japan and India is anticipated to be a key development driver. In order to combat the lack of life-saving medications, governments in this region are also concentrating on the growth of their industrial hubs, thereby, meeting unmet demands. There is a stronger demand for branded generic drugs in nations such as India, where doctors typically prescribe medications under brand names rather than International Nonproprietary Names (INN).
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