Generic Oncology Drugs Market Strategies, Analysis, Key Drivers, Forecast To 2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Generic Oncology Drugs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Generic Oncology Drugs Global Market Report 2024, The generic oncology drugs market size has grown strongly in recent years. It will grow from $25.64 billion in 2023 to $27.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%.  The  growth in the historic period can be attributed to patent expirations, healthcare cost containment, increased cancer prevalence, health insurance coverage, physician prescribing practices.The generic oncology drugs market size is expected to see strong growth in the next few years. It will grow to $35.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.

The increasing demand for personalized medicine is expected to drive the growth of the generic oncology drugs market. Personalized medicine is an evolving medical approach that tailors treatments to individual genetic, environmental, and lifestyle factors. Generic oncology drugs play a vital role in personalized medicine by offering cost-effective alternatives customized to each patient’s needs, thus expanding access to specialized cancer treatments. For example, in September 2021, the Swedish Government allocated SEK 220 million ($1.87 million) to enhance the national infrastructure of Genomic Medicine Sweden (GMS). This investment aims to integrate precision medicine into the Swedish healthcare system, ensuring widespread access to precise tests and individualized care in response to the rising demand for personalized medicines. Therefore, the increasing demand for personalized medicine is fueling the growth of the generic oncology drugs market.

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The generic oncology drugs market covered in this report is segmented –
1) By Molecule Type: Large Molecule, Small Molecule
2) By Route of Administration: Oral, Parenteral
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacies, Managed Care Institutions

Top Major Players

Pfizer Inc.,

AbbVie,

Novartis AG,

Bristol-Myers Squibb Company,

AstraZeneca PLC

The generic oncology drugs market report table of contents includes:
             1. Executive Summary

2. Generic Oncology Drugs Market Characteristics
3. Generic Oncology Drugs Market Trends And Strategies
4. Generic Oncology Drugs Market – Macro Economic Scenario
5. Global Generic Oncology Drugs Market Size and Growth
6. Generic Oncology Drugs Market Segmentation
7. Generic Oncology Drugs Market Regional And Country Analysis

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34. Key Mergers And Acquisitions In The Generic Oncology Drugs Market
35. Generic Oncology Drugs Market Future Outlook and Potential Analysis
36. Appendix

    List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Generic Oncology Drugs Market, Segmentation By Molecule Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Generic Oncology Drugs Market, Segmentation By Route of Administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Generic Oncology Drugs Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………………..

Table 74: Pfizer Inc. Financial Performance

Table 75: AbbVie Financial Performance

Table 76: Novartis AG Financial Performance

Table 77: Bristol-Myers Squibb Company Financial Performance

Table 78: AstraZeneca Plc Financial Performance 

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