Global Generic Drugs Market

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The global generic drugs market was valued at USD 405 billion in 2021 and is further projected to grow at a CAGR of 7.9% during the forecast period (2022-2028) and reach USD 745 billion by 2028. The growth of the global generic drugs market can be attributed to the growing pharmaceutical industry, increasing healthcare expenditure, growing prevalence of health issues, and rising health awareness among masses.