According to IMARC Group’s latest report, titled “East Africa Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. Generic drugs refer to medications that contain same active ingredients and have same therapeutic effects as that of their branded counterparts. These drugs may differ in packaging but are identical in quality, strength, dosage, performance, efficiency, etc. As they are cost-efficient, the demand for generic drugs is escalating across the East African region.
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The elevating levels of urbanization, along with the improving healthcare facilities in the East African region, are primarily driving the generic drug market. Besides this, numerous government bodies are introducing price control policies and import restrictions to encourage domestic drug manufacturing. This, in turn, is further augmenting the market growth. In addition to this, the rising prevalence of sedentary consumer lifestyles, along with increasing incidences of heart diseases, cancer, diabetes, obesity, etc., will continue to propel the demand for generic drugs across East Africa in the coming years. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
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Breakup by Segment:
- Unbranded Generics
- Branded Generics
Breakup by Therapy Area:
- Central Nervous System
Breakup by Drug Delivery:
Breakup by Distribution Channel:
- Retail Pharmacies
- Hospital Pharmacies
Breakup by Country:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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