Branded drugs are patented drugs. When a pharmaceutical company discovers a new drug, it files for a patent. Branded generics are generic versions of products sold either by the original manufacturer of the patented drug or by generic manufacturers that build up brand equity for their generic versions of the medication, which they introduce right after the patent expires on the original product.
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The global branded generics market is projected to grow gradually as large number of pharmaceutical products are going to go off patent within the forecast period of 2014 to 2025. The global branded generics market is predictable to grow significantly as large number of pharmaceutical products are going to be off patent within the forecast period.
Trade (Brand) Named Generics are the ones that have one or more brand names. Several companies may make the same generic medicine, each with their own brand name. On the basis of application, the global market size spans Cardiovascular Drugs, Anti-Cancer Drugs, CNS Drugs, Anti-Infective Drugs, Others.
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Cardiovascular Drugs form the most rapidly growing market for branded generic drugs. The main contribution towards this regard has been provided by the expiry of patents of most of CVS drugs. CNS Drugs segment is expected to grow during the forecast period of 2014 to 2025, this is due to the rapid growth patent expiry of several key anti psychotics and antidepressants.
The key players of the global market size are Teva Pharmaceutical Industries Ltd, Mylan N.V., Hospira Inc., Dr. Reddy’s Laboratories Ltd., Apotex Inc., GlaxoSmithKline Pharmaceuticals Limited, Valeant, ZydusCadila, Sandoz, Lupin Pharmaceuticals, Inc. Par Pharmaceutical Companies, Inc., Sanofi, and AstraZeneca.
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