India Generic Drugs Market to reach USD36.51 billion by 2028
The aging population of the nation and increasing incidences of chronic diseases are driving the growth of India generic drugs market in the forecast period. According to TechSci Research report, “India Generic Drugs Market – By Region, Forecast & Opportunities, 2018-2028 ” , the India Generic Drugs market stood at USD24.53 billion in 2022 and is anticipated to reach USD36.51 billion by 2028. This can be attributed to the growing demand for generic drugs from hospitals & clinics. The rise in chronic diseases and increased cost of living can substantially raise the demand for generic drugs among the population. Generic medications follow strict rules to ensure that the same amount of active ingredients is supplied to the body simultaneously. Small molecule drugs are organic compounds with low molecular weight. They have several distinct advantages, such that most can be administered orally and pass-through cell membrane...