Generic Drugs Market - India

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024USD 28.06 Billion

Market Size in 2033USD 51.47 Billion

Market Growth Rate (CAGR) 2025-2033: 6.97%

According to IMARC Group's report titled "India Generic Drugs Market Report and Forecast 2025-2033," the market reached USD28.06 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 51.47 billion by 2033, exhibiting a growth rate (CAGR) of 6.97% during 2025-2033.

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India Generic Drugs Market Trends and Drivers:

  • Indian generic drugs market is rising steadily due to a mix of affordability, robust manufacturing base, and increasing global and domestic healthcare needs.

  • In fact, generic drugs are affordable substitutes for branded drugs and a key driver of enhancing access of healthcare to the majority of the country's population, especially rural and underdeveloped regions.

  • Besides this, India is also known internationally as the "pharmacy of the world" for providing the highest percentage of generic drugs to developed and developing countries alike, because of its placement with international regulatory standards and cost-low manufacturing benefit.

  • Besides, the rise in the incidence of chronic diseases such as diabetes, blood pressure, and cardiovascular disease has propelled long-term medication use to greater heights, and that is being met largely through the channel of generics.

  • Moreover, the government initiatives such as Jan Aushadhi Scheme and generics in government procurement arrangements are increasing available and accessed at grass root levels.

  • Additionally, the rising healthcare insurance penetration and public health schemes are also promoting consumption for hospitals and primary healthcare networks.

  • Additionally, patent expirations of some costly drugs in overseas markets are also providing new export opportunities for Indian firms.

  • Besides that, increased local awareness about the efficacy and safety of generic drugs is gradually altering the perception of consumption and belief in unbranded products.

  • On top of that, an increase in FDA and WHO-GMP compliant manufacturing plants is further cementing India's status as an international hub for generic drugs.

  • In addition to that, an increase in the number of online pharmacies and e-health websites is enabling last-mile delivery of generic drugs and competitive prices assured.

  • Other than that, consumer prudence and augmented out-of-pocket healthcare spending are inducing even the urban populace to take the generics route.

  • In addition to this, aggressive promotion of generics prescription by physicians on the part of the government is getting policy and physician practice falling in line to support the market.

  • Besides this, growing alliances of Indian pharma companies with international players for contract manufacturing and sale in bulk are also propelling growth.

  • In totality, there is a coordination of regulatory assistance, expanding opportunities for exports, augmenting public healthcare attention, and economic necessity for low-cost therapeutic alternatives that guarantees India's generic pharma sector for sustained and inclusive expansion across different healthcare delivery segments.

India Generic Drugs Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India generic drugs market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Therapy Area Insights:

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

Drug Delivery Insights:

  • Oral
  • Injectables
  • Dermal/Topical
  • Inhalers

Distribution Channel Insights:

  • Retail Pharmacies
  • Hospital Pharmacies

Regional Insights:

  • North India
  • South India
  • East India
  • West India

Request for customization: https://www.imarcgroup.com/request?type=report&id=30695&flag=C

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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