Global market research pioneer RNCOS has extensively analyzed and evaluated the potentials of the Canadian generics industry in its latest research offering, “Generic Drug Market in Canada”. The conceptual analysis of various prominent sectors together exhibited a dynamically growing market, which has proved its dominance over branded pharmaceutical industry during the economic slowdown. The research unfolds all the aspects of the industry, which has promising growth prospects.
We have thoroughly researched the generic drug industry and identified decisive market trends shaping the industry’s current and future growth prospects. As discussed in report, out of total prescription dispensed in 2008, generics accounted for close to 52% share. The usage of generics has been continuously rising for past some years, and during our forecast period (2010-2013) also, generics are expected to account for a major share in the overall market.
The report further reveals that along with the prescriptions dispensed, generics have also been registering tremendous growth in sales. Based on various concrete factors analyzed thoroughly in the report, the growth in sales of generic drugs will be almost three times higher than the branded pharmaceutical during our forecast period. Such an impressive growth will result in generic drugs’ overflowed demands, requiring additional market players to maintain the balance.
However, it has been found that some market restraints still exist which can hamper the development of generic drug industry. According to a senior analyst at RNCOS, “Extension of data exclusivity, ever greening of drug patents, authorized generics, etc. are some of the critical industry roadblocks, which must be addressed by authorities as soon as possible to assure a holistic development of generic drug industry”.
Our report “Generic Drug Market in Canada” provides unmatched market analysis and cutting edge market intelligence on the generics industry in Canada. The report provides qualitative as well as quantitative analysis of ongoing as well as future market trends that are leading the industry towards strong market developments. The report thoroughly covers historical and current information and analysis on all prominent market segments and provides future forecasts with due consideration to the impacts of economic slowdown.
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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.