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4.78904267036584E-05 -4.78904267036584E-05 0.000335232986925881 0.000431013840333334 9.57808534074529E-05 0.000431013840333334 0.00177194578803699 0.00330443944255542
Stock impact report

$613+ Billion Global Generic Drugs Market is Expected to Grow at a CAGR of over 5.10% During 2023-2030 | Vantage Market Research [Yahoo! Finance]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: Yahoo! Finance
exceed $613.34 Billion by 2030, reflecting a compounded annual growth rate (CAGR) of 5.10% during the forecast period from 2023 to 2030. The global landscape of pharmaceuticals has witnessed a significant paradigm shift with the proliferation of generic drugs. As the demand for cost-effective yet quality healthcare continues to surge, the generic drugs market has emerged as a pivotal player, revolutionizing access to medication worldwide. This market segment encompasses pharmaceuticals that are bioequivalent to their branded counterparts, yet are offered at considerably lower prices due to the absence of brand-related expenses. One of the primary drivers fueling the growth of the generic drugs market is the escalating need for affordable treatment options across various therapeutic areas. From cardiovascular diseases to chronic respiratory conditions, generic drugs offer a viable solution, making essential medications more accessible to a broader demographic. Moreover, governments Show less Read more
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