Press Release (PressBurner) Dec 21, 2010 - NOIDA, UP - According to our latest report entitled “Brazil Generics Market Forecast to 2012”, the market for generic drugs in Brazil has been growing at a fast rate for the past few years. Factors like government support, ageing population, and high investments have backed the industry during the past few years and boosted the market revenue. The future outlook of Brazilian generics market looks attractive as the government is taking cost-effective measures and players are augmenting investment levels. It is estimated that the market will grow at a CAGR of around 19% during 2010-2012.
Our report has found that, the Brazilian government continues to enact measures and policies that back the domestic generics market. Moreover, the government has been investing huge amounts on developing medicines for various diseases. In the current scenario, public authorities are adopting strategies that ensure the availability of cheaper drugs for the population. For this, the government is negotiating with market players and various pharmacies & hospitals.
Rising importance of generic active ingredients along with increasing generic registrations proves that market players are actively participating in industry activities. Moreover, stupendous performance of generics in segments such as, cardiovascular, diabetes, erectile dysfunction, and others is expected to further strengthen market performance. Moreover, expiration of major branded drugs has boosted the overall generics industry and the same factor is likely to dominate in future also as drugs with blockbuster sales will lose patents.
The report “Brazil Generics Market Forecast to 2012” is an outcome of extensive research and thorough analysis of the Brazilian generic drugs market. It provides analysis on current market scenario and key trends that are expected to impact industry performance. The forecast presented for key areas makes use of reliable methods and techniques that add value to future projection. Besides, recent activities of key and active market players have been added in the report. Overall, the report will facilitate clients’ decision making process in terms of investments and other objectives.
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