According to IMARC Group’s latest report, titled “West Africa Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. A generic drug is a pharmaceutical medication that contains identical chemical substances and active ingredients as a branded drug. These drugs are not protected by drug patents and can be produced only after the expiration of the brand-name drug. They are cost-effective and have a similar mechanism of action to that of the original drugs. They also have identical strength, performance, quality, dosage and side effects. Generic drugs are commonly used in injectables, oral, dermal and inhalable variants and are conveniently available to the masses. They are widely used for the treatment of chronic diseases, such as diabetes, cardiovascular, hormonal and respiratory disorders.
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The West Africa generic drug market is primarily being driven by the rising prevalence of infectious diseases, including malaria and tuberculosis (TB). Moreover, various product innovations, such as the utilization of biosimilars that are obtained from natural sources, are providing a thrust to the market growth. Other factors, including the implementation of various government initiatives to promote public health, along with the rising geriatric population, which is more prone to chronic medical ailments, are driving the growth of the market across the region. Looking forward, IMARC Group the West Africa generic drug market is expected to continue its moderate during the forecast period (2021-2026).
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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
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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.
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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.
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