$50.3bn
$X.Xbn
55,833
465
$X.Xbn
Generic pharmaceuticals account for nine of every ten prescription drugs dispensed yearly. Generic pharmaceutical manufacturers are central to this supply and have an invaluable role in public health and saving patients and insurers billions. Despite this importance, the industry's revenue growth hinges on patent expirations, FDA approvals of new drug applications and competition from foreign companies and other domestic producers. In the last five years, revenue has been expanding at a CAGR of 1.3% to an estimated $50.3 billion, including expected growth of 0.7% in 2024. Maintaining prices at acceptable levels has been a significant challenge for additional revenue growth.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $50.3bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Teva Pharmaceutical Industries Ltd | 4,024.8 | -484.3 | -12.0 | |
Mylan Inc. | 3,063.2 | 68.3 | 2.2 | |
Hospira Inc. | 1,730.7 | 128.1 | 7.4 |
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Industry revenue is measured across several distinct product and services lines, including Hypertension, Mental health and Pain. Hypertension is the largest segment of the Generic Pharmaceutical Manufacturing in the US.
Nearly half of US adults have high blood pressure
Generic pharmaceutical manufacturers produce medications that are bioequivalent to brand name drugs that regulatory agencies have already approved. Generic manufacturers create drugs that contain the same active ingredients, dosage form, strength and intended use as the original brand name drugs.
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NAICS 325413 - Generic Pharmaceutical Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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California’s pharmaceutical ecosystem positions the West as a major generics producer. Manufacturers benefit from the state’s world-class academic institutions, supportive po...
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A competitive pricing environment weakens profit. Generic pharmaceutical producers flood the market with generics once a branded patent expires, creating rapid price erosion ...
Learn about the performance of the top companies in the industry.
Teva is the largest generic pharmaceutical producer globally. The manufacturer’s combination of strategic initiatives, acquisitions, innovation and extensive product portfoli...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulatory agencies impose stringent requirements on generic drugs. Generic manufacturers must prove that their products meet the same high quality, safety and efficacy stand...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Generic producers depend on a complex global supply chain. Procuring inputs is essential for pharmaceutical production, but managing this cost has become increasingly challen...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Generic Pharmaceutical Manufacturing in the US industry in United States is $50.3bn in 2024.
There are 465 businesses in the Generic Pharmaceutical Manufacturing in the US industry in United States, which has declined at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Generic Pharmaceutical Manufacturing in the US industry in United States has been growing at a CAGR of 1.3 % between 2019 and 2024.
Over the next five years, the Generic Pharmaceutical Manufacturing in the US industry in United States is expected to decline.
The biggest companies operating in the Generic Pharmaceutical Manufacturing market in United States are Teva Pharmaceutical Industries Ltd, Mylan Inc. and Hospira Inc.
Developing and producing generic drugs and Marketing and distributing generic drugs are part of the Generic Pharmaceutical Manufacturing in the US industry.
The company holding the most market share in United States is Teva Pharmaceutical Industries Ltd.
The level of competition is very high and increasing in the Generic Pharmaceutical Manufacturing in the US industry in United States.