Europe Specialty Generics Market Report 2024-2032, by Route of Administration, Indication, Distributional Channel and Region

DUBLIN, March 6, 2024 /PRNewswire/ — The “Europe Specialty Generics Market Report by Route of Administration, Indication, Distributional Channel, and Region 2024-2032” report has been added to ResearchAndMarkets.com’s offering.

The European specialty generics market size reached US$ 19.9 billion in 2023 and is projected to exhibit a growth rate (CAGR) of 8% during 2024-2032. The increasing prevalence of chronic diseases, rising demand for affordable medicines, and implementation of favorable regulatory guidelines are some of the key factors driving the market.

Specialty generics refer to complex, difficult-to-produce medications that are created as a lower-cost alternative to brand-name drugs. These drugs are generally used to treat chronic conditions and diseases that require long-term therapy, such as cancer, autoimmune disorders, and human immunodeficiency virus (HIV). Specialty generics should be identical in both chemical structure and therapeutic effect to the brand-name drug it is intended to replace.

The production of these drugs requires a high level of expertise and sophisticated technology to ensure quality control and consistency. Specialty generics are composed of the same active ingredient as the brand-name drug but may differ in other components, such as excipients, fillers, and binders. Currently, there are two types of product variants, such as biosimilars and complex generics. Biosimilars are drugs that are similar to biologic drugs, whereas complex generics are generic versions of drugs that are chemically and structurally complex.

Europe Specialty Generics Market Trends

The European specialty generics market is primarily boosted by the growing geriatric population, increasing prevalence of chronic diseases, and the rising demand for affordable medicines. Additionally, the implementation of favorable regulatory guidelines by the European Medicines Agency (EMA) and the increasing adoption of biosimilars are boosting the market growth. Apart from this, several manufacturers are developing cost-effective biosimilars that offer similar efficacy and safety as branded drugs, which is providing an impetus to the market growth.

Furthermore, burgeoning investments by leading pharmaceutical companies in research and development (R&D) activities to develop innovative drugs and the rising awareness about the benefits of specialty generic drugs are providing a considerable thrust to the market growth. Moreover, the integration of robotics and artificial intelligence (AI) in the manufacturing process to enable automation, reduce manual labor, maintain product quality, and enhance overall efficiency is positively influencing the market growth. Besides this, the increasing focus on expanding the product portfolio by key players, the growing demand for personalized medicine, the surging adoption of e-prescriptions, the increasing consumer awareness and acceptance of specialty generics, rising healthcare expenditure, extensive research and development (R&D) activities, and the development of novel drug delivery technologies are accelerating the market growth.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the European specialty generics market report, along with forecasts at the regional and country level from 2023-2032. The report has categorized the market based on route of administration, indication and distribution channel.

Route of Administration Insights:

InjectablesOralOthers

The report has provided a detailed breakup and analysis of the Europe specialty generics market based on the route of administration. This includes injectables, oral, and others. According to the report, the injectables segment dominates the market.

Indication Insights:

OncologyAutoimmune DiseasesInfectious DiseasesOthers

The report has provided a detailed breakup and analysis of the Europe specialty generics market based on the indication. This includes oncology, autoimmune diseases, infectious diseases, and others. According to the report, the oncology segment dominates the market.

Distributional Channel Insights:

Retail PharmaciesSpecialty PharmaciesHospital Pharmacies

The report has provided a detailed breakup and analysis of the Europe specialty generics market based on the distributional channel. This includes retail pharmacies, specialty pharmacies, and hospital pharmacies. According to the report, the retail pharmacies segment holds the largest market share.

Competitive Landscape

The report has also provided a comprehensive analysis of the competitive landscape in the Europe specialty generics market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. The leading players in the European specialty generics industry have also been examined in the report.

Key Questions Answered in This Report

What was the size of the Europe specialty generics market in 2023?What is the expected growth rate of the Europe specialty generics market during 2024-2032?What are the key factors driving the Europe specialty generics market?What has been the impact of COVID-19 on the Europe specialty generics market?What is the breakup of the Europe specialty generics market based on the route of administration?What is the breakup of the Europe specialty generics market based on the indication?What is the breakup of the Europe specialty generics market based on the distribution channel?What are the key regions in the Europe specialty generics market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Europe Specialty Generics Market: Introduction

5 Why are Specialty Generics So Lucrative?

6 Europe Specialty Generics Market
6.1 Market Overview
6.2 Market Performance
6.3 Impact of COVID-19
6.4 Market Breakup by Route of Administration
6.5 Market Breakup by Indication
6.6 Market Breakup by Distribution Channel
6.7 Market Breakup by Region
6.8 Market Forecast
6.9 SWOT Analysis
6.10 Value Chain Analysis
6.11 Porters Five Forces Analysis
6.12 Key Market Drivers and Success Factors

7 Market Breakup by Route of Administration
7.1 Injectable
7.2 Oral
7.3 Others

8 Market Breakup by Indication
8.1 Oncology
8.2 Autoimmune Diseases
8.3 Infectious Diseases
8.4 Others

9 Market Breakup by Distribution Channel
9.1 Retail Pharmacies
9.2 Specialty Pharmacies
9.3 Hospital Pharmacies

10 Market Breakup by Region
10.1 Germany
10.2 France
10.3 United Kingdom
10.4 Spain
10.5 Others

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players

For more information about this report visit https://www.researchandmarkets.com/r/rvfiid

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected] 

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/europe-specialty-generics-market-report-2024-2032-by-route-of-administration-indication-distributional-channel-and-region-302081321.html

SOURCE Research and Markets