Generic Drugs Market to Grow at 5.0% CAGR, Reaching US$ 594.99 Billion by 2031
The Generic Drugs Market is projected to grow from US$ 423.55 billion in 2024 to US$ 594.99 billion by 2031, registering a CAGR of 5.0% during 2025–2031. Growth is supported by patent expirations of blockbuster drugs, favorable government policies promoting generic medicines, and the rising popularity of biosimilars.
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