Europe Generic Drugs Market Report and Forecast 2025-2034

Europe Generic Drugs Market Size

The Europe generic drugs market was valued at USD 87.5 billion in 2024 was driven by rising healthcare needs and the growing demand for cost-effective medications across the region. It is expected to grow at a CAGR of 7% during the forecast period of 2025-2034, with the values likely to attain USD 161.7 billion by 2034.

Europe Generic Drugs Market Outlook

• In Europe, the rising healthcare needs which can be attributed to the growing prevalence of chronic diseases and the increasing aging population size are stimulating the market demand.

• The rising patent expiration of branded drugs is one of the major Europe generic drugs market trends. For example, in 2024, around 73 such drug patents across diverse therapeutic categories in Europe are about to exhaust their market exclusivity, thereby encouraging the entry of generic medications.

• The European market is facing increased generic product recalls, which can be tackled by the introduction of an optimized regulatory framework that ensures sustained growth of the market.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Europe Generic Drugs Market Analysis

Generic drugs have the same active ingredients as present in the brand-name drugs. They are usually marketed at a lower cost, making them a cost-effective alternative to achieve substantial reductions in medical expenses. Generic pharmaceutical manufacturers must prove the bioequivalence of their version of a drug to a health regulatory agency such as the European Medicines Agency (EMA) for marketing authorization. The increasing government initiatives and the ongoing efforts to establish regulatory reforms that promote the use of generic medications are significantly contributing to the Europe generic drugs market growth.

In Europe, the rising healthcare needs which can be attributed to the growing prevalence of chronic diseases and increasing aging population size are stimulating the global generic drugs market expansion. Recent data reveals that over 9 million adults will be affected by a major illness in England by 2040, accounting for 1 in 5 adults suffering from a health issue. Further, it is estimated that ill health will increase by 2.5 million in the adult population over the two decades from 2019, including a rise in the prevalence of cancer, diabetes, or kidney disease, by more than 30%. Thus, with the growing burden of chronic conditions, the need for affordable generic drugs is expected to fuel in the coming years. Additionally, th growth in the elderly population, as evidenced by one-fifth (21.3%) of the European Union population estimated to be aged 65 years and over in January 2023, is anticipated to augment the Europe generic drugs market demand in the forecast period.

One of the major market trends is the rise in patent expiration of branded drugs that allow generic drug manufacturers to produce and market a bioequivalent version of the same drug at a cheaper price. In 2024, Europe is reported to lose the market exclusivity of a wide range of drugs. Around 73 such drug patents across diverse therapeutic categories including established medications like Cabometyx (anti-cancer medication) and Zavicefta (antibiotic medication for severe bacterial infections) are set to expire, which is poised to significantly influence the market dynamics by facilitating market entry of generic drugs. However, the European market is facing increased generic product recalls, which can be tackled by the introduction of an optimized regulatory framework that ensures sustained growth of the market for generic drugs.

Europe Generic Drugs Market Segmentation

The report offers a detailed analysis of the market based on the following segments:

Leading Players in the Europe Generic Drugs Market

The key features of the market report include patent analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Teva Pharmaceutical Industries Ltd

• Viatris Inc.

• Sun Pharmaceutical Industries Ltd

• Lupin

• AstraZeneca

• Baxter

• Takeda Pharmaceutical Company Limited

• GSK plc

• Bausch + Lomb

• Novartis AG

• Sanofi

• Pfizer Inc.

• Fresenius SE & Co. KGaA

• Hikma Pharmaceuticals PLC

• Aurobindo Pharma

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

Europe Generic Drugs Market Report Snapshots

Europe Generic Drugs Market Size

Europe Generic Drugs Market Analysis

Europe Generic Drugs Companies