Generic Drugs Market Size Worth $728.64 Bn by 2034 | Driven by Affordability, Patent Expirations, and Government Support [Yahoo! Finance]
Abbott Laboratories (ABT)
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Source: Yahoo! Finance
Overall, the market is estimated to register an impressive CAGR of 5.04% during the forecast period. The global market is Driven by affordability, patent expirations, government support, rising chronic disease prevalence, and expansion in emerging markets. Ottawa, Precedence Research, April 16, 2025 (GLOBE NEWSWIRE) -- According to Precedence Research, the worldwide generic drugs market size was valued at USD 445.62 billion in 2024 and is projected to grow from USD 468.08 billion in 2025 to USD 728.64 billion by 2034. The North America market size surpassed USD 173.79 billion in 2024 and represents a healthy CAGR of 5.17% during the forecast period. Generic drugs refer to pharmaceutical products that are bioequivalent to branded medications in terms of dosage, strength, route of administration, quality, and intended use but are sold significantly at lower prices. Generic Drugs Market Report is Readily Available for Immediate Delivery, Download the Sample Pages of this Report@ ht
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- 10/15/25 - In-Line
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