West Africa Generic Drug Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Market Forecasts, Analysis 2021-2026

Posted By : edwardebreen15 on 2022-02-08   13:34:18    United States
  West Africa Generic Drug Market Report

Description

According to IMARC Group’s latest report, titled “West Africa Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the West Africa generic drug market is currently witnessing moderate growth in 2020. A generic drug refers to a pharmaceutical medicine with the same active pharmaceutical ingredients (APIs) as a branded drug and with similar quality, dosage, strength, performance, efficiency, etc. It is developed for sale after the patent on the original drug expires. Therefore, these drugs tend to be more affordable than their branded counterparts as the manufacturers do not need to invest in marketing or to test their strength and efficiency. Generic drugs are usually available in oral, injectables, dermal, and inhalable variants. They are proven to be as effective and safe as branded drugs. As a result, generic drugs are extensively utilized across hospitals and pharmacies in West Africa.

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The increasing prevalence of various infectious diseases, such as tuberculosis (TB), malaria, acquired immune deficiency syndrome (AIDS), etc., is one of the key factors driving the West Africa generic drug market. In line with this, numerous government bodies are launching favorable initiatives to invest in the healthcare sector and promote public health to reduce the number of deaths caused by the lack of essential drugs, which is further stimulating the market growth. Moreover, the elevating popularity of biopharmaceuticals, such as monoclonal antibodies, blood components, allergenics, gene therapies, somatic cells, recombinant therapeutic protein, living medicines, etc., is acting as another significant growth- inducing factor. Besides this, the launch of re-innovated generics with reduced inter- and intra-patient variability and hypersensitivity is anticipated to fuel the West Africa generic drug market over the forecasted period. Looking forward, IMARC Group the West Africa generic drug market is expected to continue its moderate during the forecast period (2021-2026).

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Segmentation:

Breakup by Segment:

  • Unbranded Generics
  • Branded Generics

Breakup by Therapy Area:

  • Central Nervous System
  • Cardiovascular
  • Dermatology
  • Genitourinary/Hormonal
  • Respiratory
  • Rheumatology
  • Diabetes
  • Oncology
  • Others

Breakup by Drug Delivery:

  • Oral
  • Injectables
  • Dermal/Topical
  • Inhalers

Breakup by Distribution Channel:

  • Retail Pharmacies
  • Hospital Pharmacies

Breakup by Country:

  • Nigeria
  • Ghana
  • Cote d’Ivoire
  • Senegal
  • Mali
  • Others

Ask Analyst for Customization and Explore full report with TOC & List of Figures https://www.imarcgroup.com/west-africa-generic-drug-market

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

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Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

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About Author

edwardebreen15 Noida India
"We, at IMARC, provide insightful custom and syndicated market research along with consulting services to our clients. Our tailored approach ensures that our clients achieve unparalleled competitive advantage in their respective domains."

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