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The global generic drugs market is boosted by the high prices associated with the treatment of numerous chronic and lifestyle disorders, which has led to a shift in customer preference for lower-cost alternatives, boosting demand even further. Apart from that, the industry is expected to expand due to the patent expiration of key blockbuster drugs, as well as a range of favourable steps taken by governments in several countries to promote the use of generic drugs. Several regulatory authorities are conducting thorough investigations to ensure that these drugs are manufactured to the highest possible standards. The substantial increase in cardiometabolic risk factors among the population is driving the global generic drugs market. Furthermore, diabetes, dyslipidaemia, hypertension, metabolic syndrome, and obesity are becoming more common because of various factors such as changing dietary habits, sedentary lifestyles, and hectic work schedules. This has resulted in a major increase in the uptake of medicines, accelerating the industry’s growth.
https://www.expertmarketresearch.com/reports/generic-drug-market