Why Generic Medicine Manufacturers Are Key Players In The Pharmaceutical Industry?
Generic Medicine Manufacturers in India is one of the top industries to invest. The growth in this industry has been phenomenal over the past decade. This growth is due to several factors, including increased competition between branded and generic drug manufacturers and consumers becoming more aware about their health issues, especially diseases like cancer or diabetes. The growth in this industry has been phenomenal over the past decade. The growth in this industry has been phenomenal over the past decade. In 2016, the global market for generic medicine was worth $216 billion and is expected to reach up to $300 billion by 2020. The growth of generic medicine in India has been driven by several factors such as increasing demand for affordable medicines, increase in number of branded drugs coming off patent protection every year and increase in government initiatives and incentives for domestic manufacturing companies. The growth of generic medicine in India is due to several fact...