Global Generic Drugs Strategic Research Report 2023-2030 - Increasing Demand for Biosimilars, Driven by Patent Expiry of Major Biopharmaceutical Drugs [Yahoo! Finance]
Abbott Laboratories (ABT)
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Source: Yahoo! Finance
Global Generic Drugs Market to Reach $671.5 Billion by 2030 The global market for Generic Drugs estimated at US$430.2 Billion in the year 2023, is projected to reach a revised size of US$671.5 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030. The global economic update coincides with a rising demand for generic painkillers, reflecting the growing significance of generic drugs in the pharmaceutical market. Competition among key players is highlighted, with market share percentages and competitive market presence outlined for 2023. Despite promising opportunities, sustaining success in this market requires strategic approaches. Challenges such as pricing dynamics and accessibility persist, but recent market activity suggests ongoing developments in response to these challenges. Small-Molecule Generics, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$538.8 Billion by the end of the analysis period. Growth in
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ABT
Earnings
- 4/17/24 - Beat
ABT
Sec Filings
- 4/29/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- ABT's page on the SEC website