Generics to Dominate US Prescription Drugs Market
Author: Shushmul Maheshwari
The US generics market is the biggest in the world, comprising more than half of the share of the global generics market. The huge potential of this market can be interpreted from its vast pharmaceutical market, which is again the largest in the world. It's expected that a huge proportion of branded drugs in this market will lose patent protection in coming three years, and thus will open doors for generic substitution. According to our new research on the sector called "Booming US Generic Drug Market", the generic drugs market in the US is anticipated to grow at a CAGR of around 9% during 2010-2012.
We have identified various decisive factors molding the US generic drugs market towards an exponential growth track. As discussed in the report, generics had an estimated share of around 78% in the US pharmaceuticals market and growth of generics has outpaced the growth of overall pharmaceutical market. The report also discusses the potential of generic drugs in various therapeutics segments of the pharmaceutical industry, which will give a clear idea about the type of products available in the market.
We believe that regulatory environment plays a critical role in the development of generic drugs industry, and our report provides a complete overview of the country's regulatory environment. Besides the report also discusses several industry bottlenecks that are blocking the growth of generics industry in the country.
"Booming US Generic Drug Market" provides an extensive research and conceptual analysis of the generic drugs market in the US. It covers various growth-supporting factors like macroeconomic environment, healthcare reform plans and its impact and other growth supporting factors. The report thoroughly examines the current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Forecast in this research has been made considering the possible post-recession impact on the industry.
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About the author: About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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