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BCC Research

For over 45 years, BCC Research has been a committed producer of dependable market research reports and forecasts. Founded in 1971 by Louis Naturman under the name Business Communications Company (BCC) Inc. , the company swiftly cemented its reputation as a prominent resource for market information. Steering its course under the guidance of seasoned analysts and editors boasting verified industry expertise, BCC Research emerged as a pivotal player in the realm of market insights.

Commencing with research and forecasting reports centered on advanced materials and plastics markets, BCC Research promptly diversified its portfolio. In response to demand in the greater-Boston area for market research in biotech, healthcare, pharmaceuticals, and information technology, BCC Research expanded into new markets. Today, BCC Research stands as a prolific publisher of reports spanning across 19 distinct verticals, embracing an expansive spectrum ranging from healthcare to nanotechnology.

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View recent articles by this publisher on our blog: : Exponential Growth in Electrolysis Plants: Why and What It Will Bring in the Future Remote Patient Monitoring, an Emerging Opportunity in the Healthcare Industry High Oil Prices to Push Renewable Energy Investment Additional articles from this publisher.

635 Reports from BCC Research

Refine your search, global recombinant proteins market.

Jun 14, 2024  |  Published by: BCC Research  |  USD 5,500

Global Recombinant Proteins Market Report Scope This report covers the current and future global market for recombinant proteins, including a detailed analysis of the market’s drivers, restraints and opportunities. The report also covers market projections for 2029, the market’s competitive environm ... Read More

Green Tires Market

Jun 13, 2024  |  Published by: BCC Research  |  USD 5,500

Green Tires Market Report Scope This report analyzes the global green tires market by segmenting it based on vehicle type and sales channel. These market segments are further analyzed at the global and regional levels. The base year for this analysis is 2023, and market estimates and forecasts are g ... Read More

Plastics Recycling: Global Markets

Jun 12, 2024  |  Published by: BCC Research  |  USD 5,500

Plastics Recycling: Global Markets Report Scope This report entails an in-depth qualitative and quantitative analyses of global plastic recycling market. The study considers 2023 as the base year; forecasts are provided for revenue from 2024 to 2029 ($ million). The global market revenue only compri ... Read More

Elder Care Services and Assistive Devices: Global Markets

Elder Care Services and Assistive Devices: Global Markets Report Scope This report explains critical trends in the elder care services and assistive devices market. The market analysis covers factors that serve as either motivating or inhibiting forces, offering valuable insights to stakeholders and ... Read More

Robotics: Technologies and Global Markets

Jun 10, 2024  |  Published by: BCC Research  |  USD 5,500

Robotics: Technologies and Global Markets Report Scope The scope of this study encompasses an analysis of various types of robots, which include whole robots, robot parts, robot software and devices and materials. It also examines different applications of robotics, such as manufacturing, healthcare ... Read More

Solid State Batteries: Global Markets

Jun 07, 2024  |  Published by: BCC Research  |  USD 5,500

Solid State Batteries: Global Markets Report Scope The report provides an overview and analysis of the global SSB market and leading companies’ products, strategies and initiatives. Using 2023 as the base year, the report provides estimated market data for 2024, and forecasts for 2024 through 2029. ... Read More

Heating, Ventilation and Air Conditioning: Global Markets

Jun 06, 2024  |  Published by: BCC Research  |  USD 5,500

Heating, Ventilation and Air Conditioning: Global Markets Report Scope This report analyzes segments of the HVAC market, including product type, installation type, application, and regional development. The product type segment is divided into heating equipment, ventilation equipment and cooling equ ... Read More

Hydrogen Storage: Materials, Technologies and Global Markets

Jun 05, 2024  |  Published by: BCC Research  |  USD 5,500

Hydrogen Storage: Materials, Technologies and Global Markets Report Scope BCC Research defines hydrogen storage technologies as the various forms of materials, storage media and technology used to store hydrogen in a form that can be used as an energy source as and when required. In this report, the ... Read More

Polymerase Chain Reaction (PCR) for Point-of-Care (POC) Diagnostics

May 30, 2024  |  Published by: BCC Research  |  USD 5,500

Polymerase Chain Reaction (PCR) for Point-of-Care (POC) Diagnostics Report Scope This report provides a comprehensive summary of the polymerase chain reaction (PCR) for point-of-care (POC) diagnostics, along with a detailed competitive landscape and profiles of key market players that include revenu ... Read More

High-speed Data Converters: Global Markets and Growth Forecast

May 29, 2024  |  Published by: BCC Research  |  USD 5,500

High-speed Data Converters: Global Markets and Growth Forecast Report Scope Electronic equipment is widely used in modern life for various purposes, e.g., from communication devices to car-entertainment systems. Analog to digital (ADC) and digital to analog (DAC) converters are crucial components of ... Read More

Direct-to-Consumer Testing Industry: Global Markets

Direct-to-Consumer Testing Industry: Global Markets Report Scope The current report provides detailed information about the direct-to-consumer (DTC) testing market. The report provides market projections for 2029 and market share for key market players. It details the market size of DTC testing base ... Read More

Semiconductor Machinery Manufacturing: Global Markets

May 22, 2024  |  Published by: BCC Research  |  USD 5,500

Semiconductor Machinery Manufacturing: Global Markets Report Scope This report provides an overview of the global market for semiconductor machinery manufacturing and an analysis of market trends, updating the previous version of the report, which came out in 2018. Using 2023 as the base year, the r ... Read More

Health and Medical Insurance Providers: Global Markets

May 21, 2024  |  Published by: BCC Research  |  USD 5,500

Health and Medical Insurance Providers: Global Markets Report Scope This research report categorizes the health and medical insurance providers market by type. Provider types include agents and brokers, direct writing, and bancassurance (a partnership between banks and insurance companies) and other ... Read More

Sensors: Technologies and Global Markets

Sensors: Technologies and Global Markets Report Scope This report provides an overview of the global market for sensor technologies and analyzes market trends. Using 2023 as the base year, the report provides estimated market data for the forecast period from 2024 to 2029. Revenue forecasts for this ... Read More

Global Water and Wastewater Pipes Market

May 16, 2024  |  Published by: BCC Research  |  USD 3,500

Global Water and Wastewater Pipes Market Report Scope This report segments the global water and wastewater pipes market on three bases: material (plastic, metal and others), application (water supply and wastewater management), and end use (municipal and industrial). The report’s scope excludes pipe ... Read More

Plant-based Meat: Global Markets

May 15, 2024  |  Published by: BCC Research  |  USD 5,500

Plant-based Meat: Global Markets Report Scope The report provides market projections of the plant-based meat market from 2023 to 2028, along with an analysis of the market shares of leading companies. The report examines the market based on source (wheat, soy, pea and other), product type (sausages ... Read More

Prefilled Syringes: Global Markets

Prefilled Syringes: Global Markets Report Scope The current report provides detailed information on the market for prefilled syringes. This report analyzes the market trends of prefilled syringes with data from 2023, estimates from 2024, projections of compound annual growth rates (CAGRs) through 20 ... Read More

Global Sustainable Marine Fuel Market

May 14, 2024  |  Published by: BCC Research  |  USD 3,500

Global Sustainable Marine Fuel Market Report Scope The global sustainable marine fuel market determines the segments by fuel type, vessel type, and regional market analysis. The market sizing has been provided in value ($ millions) and volume (thousand tons). The report also covers competitive intel ... Read More

Water Filtration: Global Markets

May 08, 2024  |  Published by: BCC Research  |  USD 5,500

Water Filtration: Global Markets Report Scope In its analysis of the global market for water filtration, the report segments the market by filter type (depth filters and surface filters), technology (membrane-based and non-membrane-based) and application (water purification and desalination systems) ... Read More

Gene Synthesis: Technologies and Global Markets

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Global Crop Protection Chemicals Market

May 03, 2024  |  Published by: BCC Research  |  USD 5,500

Global Crop Protection Chemicals Market Report Scope In the dynamic landscape of agriculture, the crop protection chemical market stands as a crucial component. The foremost objective of crop protection chemicals is to safeguard crop yields against the detrimental impacts of pests, disease and weeds ... Read More

Medical Robotics and Computer-assisted Surgery: The Global Market

May 02, 2024  |  Published by: BCC Research  |  USD 5,500

Medical Robotics and Computer-assisted Surgery: The Global Market Report Scope This goal of this report is to study the global market for medical robotics and computer-assisted surgery, and determine its size by estimating current revenues by product, indication, end user and region. Report Includes ... Read More

PEGylated Proteins Market

Apr 29, 2024  |  Published by: BCC Research  |  USD 5,500

PEGylated Proteins Market Report Scope This report highlights the current and future market potential of PEGylated proteins and provides a detailed analysis of the drivers, restraints, and opportunities in this market. The report also surveys the competitive environment for PEGylated proteins, inclu ... Read More

Global Virtual Power Plant Market

Apr 26, 2024  |  Published by: BCC Research  |  USD 3,500

Global Virtual Power Plant Market Report Scope This report identifies the segments by technology, source end use and regional market development for the virtual power plant (VPP) market. It provides analysis of major countries’ markets, including the U.S., Canada, China, India and Germany, where the ... Read More

AI in Oil and Gas: Global Markets and Technologies

Apr 25, 2024  |  Published by: BCC Research  |  USD 5,500

AI in Oil and Gas: Global Markets and Technologies Report Scope The scope of this study encompasses the analysis of various components of AI technology in the global oil and gas sector, which include software, services, and hardware. It also examines different applications within the industry, such ... Read More

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Bcc research analysis forecasts booming generic drug market, anticipated to reach $655.8 billion.

Generic drugs, mirroring brand-name counterparts in composition and efficacy, offer affordable solutions for managing diverse health conditions, from hypertension to cardiovascular diseases. Fueled by expiring patents, a rising elderly population, and industry collaborations, the global market is thriving amid increasing demand and technological advancements.

BOSTON , March 5, 2024 /PRNewswire/ -- According to the latest BCC Research study, the demand for Global Markets for Generic Drugs is estimated to increase from $435.3 billion in 2023 to reach $655.8 billion by 2028, at a compound annual growth rate (CAGR) of 8.5% from 2023 through 2028.

The comprehensive report delves into the global landscape of generic drugs, providing insights into market size and growth. It analyzes key national markets, offering a breakdown of the industry's current status and prospects. Encompassing both small molecule drugs and biosimilars, the report addresses drivers and challenges shaping the generic drug sector. A detailed competitive landscape outlines key players' sales and market rankings, while also highlighting emerging trends within the industry. Geographically, the market is segmented across North America , Europe , Asia-Pacific , and the Rest of the World, with specific countries detailed in each region. The estimations are grounded in drug manufacturers' total revenues, offering a comprehensive view of the market dynamics across varied regions.

In 2022, the combined impact of biosimilars and generics played a pivotal role in delivering substantial cost savings of over $400 billion to the U.S. healthcare system. Notably, generic companies, with a notable example being Viatris, are directing their attention towards cutting-edge technologies, particularly in the realm of complex injectables. These advancements underscore the industry's commitment to innovation and addressing the evolving healthcare landscape. However, despite these cost-saving measures and technological strides, the generic drug industry grapples with a highly fragmented nature marked by intense competition. This competitive landscape contributes to the challenge of maintaining robust profit margins, emphasizing the delicate balance generic companies must strike between affordability and sustainable business growth. The industry's continuous evolution in response to market dynamics is indicative of its resilience and determination to navigate complexities for the benefit of both healthcare providers and consumers.

Stay ahead of the curve with comprehensive insights into the expanding landscape of generic drug markets. Click here to Learn More .

Key Drivers of Global Markets for Generic Drugs

Increasing Patent Expirations and Loss of Exclusivity : The phenomenon of patent cliffs denotes the termination of patents protecting branded drugs, enabling the entry of generic versions into the market. Loss of exclusivity occurs when manufacturers of branded drugs lose legal safeguards against generic competition. These circumstances create opportunities for generic drug producers to enter the market, providing cost-effective alternatives for both consumers and healthcare providers.

Supportive Healthcare Policies : Governments and regulatory bodies worldwide have instituted policies that favor the development and utilization of generic drugs. These measures encompass offering incentives to generic drug manufacturers, minimizing entry barriers to the market, fostering price competition, advocating for the substitution of branded drugs with generics, and enhancing public awareness regarding the advantages of generic alternatives.

Evolving Physician Perspectives : Physicians, pivotal in prescribing medications, significantly influence the demand and acceptance of generics. Recent years have witnessed a shift in physician attitudes towards generics, driven by factors such as heightened evidence supporting their safety and efficacy, increased availability and diversity of generic options, growing pressure to curtail healthcare expenses, and expanded education and training on the merits of generic drugs.

Request a Sample Copy of the   Global Markets for Generic Drugs Report .

Report Synopsis

Global Markets for Generic Drugs Segmentation:

Global Market for Generic Drugs, Breakdown by Molecule Type

This segment scrutinizes the market for generic drugs based on the type of molecule they originate from, distinguishing between small molecule generics and biosimilars. Small molecule generics, synthesized chemically, represent generic versions of branded drugs with well-established regulatory pathways, predominantly utilized in treating various diseases such as cardiovascular, central nervous system, respiratory, and infectious diseases. In contrast, biosimilars are generic counterparts of branded biologic drugs, featuring large, complex molecules derived from living organisms. Manufacturing biosimilars entails greater complexity and adherence to stringent regulatory requirements, and they find application in treating chronic and rare diseases like oncology, immunology, hematology, and endocrinology.

Global Market for Generic Drugs, Breakdown by Region

This segment dissects the market for generic drugs based on the geographic regions where they are sold. The primary regions include North America , Europe , Asia-Pacific , and the Rest of the World. North America , comprising the U.S., Canada , and Mexico , stands as the largest market, fueled by a high prevalence of chronic and infectious diseases, a robust healthcare infrastructure, favorable reimbursement scenarios, and the significant presence of key market players. Europe , encompassing Germany , the U.K., France , Italy , and others, represents the second-largest market, driven by a growing geriatric population, demand for personalized medicine, supportive regulatory frameworks, and increasing awareness of generic benefits. Asia-Pacific , inclusive of China , India , Japan , and other nations, emerges as the fastest-growing market, propelled by a large and expanding patient pool, rising disposable income, increased healthcare expenditure, and the adoption of advanced diagnostic technologies. The Rest of the World, covering Latin America , the Middle East , Africa , and other regions, constitutes the smallest market, characterized by lower diagnostic service penetration, a scarcity of skilled professionals, and limited resource availability.

This report on Global Markets for Generic Drugs provides comprehensive insights and analysis, addressing the following key questions:

What is the projected market size and growth rate of the market? The generic drugs market is projected to grow from $407.2 billion in 2022 to $655.8 billion in 2028, at a compound annual growth rate (CAGR) of 8.5% during the forecast period.

What are the key factors driving the growth of the market? The increasing number of patent cliffs and favorable regulatory policies are responsible for market growth.

What segments are covered in the market? The generic drugs market is segmented on the molecule type and region.

By Type, which segment will dominate the market by the end of 2028? Small molecule generics segment will dominate the market by the end of 2028.

Which region has the highest market share in the market? Asia-Pacific has the highest market share.

Some of the Key Market Players Are:

Sun Pharmaceuticals

Fresenius Kabi

Browse More Related Reports:

Global Markets for Vaccine Technologies : This comprehensive report delves into the dynamic landscape of human vaccines, focusing on key factors such as research and development spending, emerging technologies, and increasing competition shaping the market's trajectory. It examines the impact of new product launches, evolving lifestyles, and corporate strategies like mergers, acquisitions, and collaborations. Categories analyzed include pneumococcal, diphtheria, tetanus, HPV, MMR, and other vaccines, catering to various end users such as genomic research centers, academic institutions, and pharmaceutical companies. With detailed insights into market growth and geographic expansion opportunities, this study serves as a valuable resource for stakeholders ranging from industry players to government agencies and potential entrants seeking to navigate this rapidly evolving landscape.

Global Markets for Bioengineered Protein Drugs : This comprehensive report on the global market for bioengineered protein drugs aims to equip readers with both quantitative and qualitative insights, facilitating the development of effective business and growth strategies. Through thorough segmentation based on drug type, disease type, and region, the report enables readers to assess the market landscape, analyze their market position, and make informed business decisions concerning bioengineered protein drugs. The study delves into industry growth drivers, restraints, trends, and opportunities, offering a nuanced understanding of this dynamic market. Additionally, it provides a detailed examination of the competitive landscape, featuring comprehensive company profiles, and addresses the impact of COVID-19 on the bioengineered protein drug market. This report serves as a valuable resource for industry stakeholders, allowing them to navigate the complexities of the bioengineered protein drugs market with strategic foresight.

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BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts' goal is to help you make informed business decisions, free of noise and hype.

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The Technology Trends Shaping the Future of Forensics

Jul 18, 2023

Blog Life Sciences , Technologies The Technology Trends Shaping the Future of Forensics

The forensics industry is in the middle of a rapid growth surge, driven by the rising crime rates and the growing recognition of the crucial role forensic evidence plays in solving crimes. As demand skyrockets, the global market for forensics technology is projected to climb. BCC Research predicts the market will reach an astounding $42.1 billion by 2027, with a compound annual growth rate (CAGR) of 15%.

Today, we’re diving into the trends revolutionizing the industry.

Automation in forensics: Enhancing efficiency and accuracy

One of the most significant trends reshaping the forensics landscape is automation. Automated systems are used for evidence collection, processing, and analysis, which enables investigators to work more efficiently and accurately. Here are some key areas where automation is making an impact:

• DNA analysis : The analysis of DNA is crucial in numerous forensic investigations, but it can be time-consuming and labor-intensive. Enter automated systems, which are now capable of extracting DNA from samples and preparing them for analysis. Additionally, these systems can perform specific steps in DNA analysis, such as amplifying and separating DNA fragments, allowing analysts to achieve greater efficiency and accuracy.
• Fingerprint analysis : Another area benefiting from automation is fingerprint analysis. Automated fingerprint identification systems (AFIS) can quickly match fingerprints against extensive databases of known prints, enabling investigators to swiftly identify potential suspects. Some AFIS systems can even perform tasks like pattern recognition and ridge counting, reducing the need for manual analysis.
• Ballistics analysis : By comparing bullets and shell casings, ballistics analysis helps determine if they were fired from the same weapon. Automated systems now perform this analysis using algorithms that compare the unique markings left on the bullet or casing by the gun. Moreover, these systems can match these markings against a database of known weapons, significantly expediting the process of identifying potential matches.
• Crime scene reconstruction : Automation is also revolutionizing the recreation of crime scenes and other investigative environments. Automated systems can generate detailed 3D models, providing investigators with the ability to analyze scenes more comprehensively, identify potential clues, and focus on areas of interest.

Forensic Technologies: New and Growing Markets

BCC Research’s latest report provides an in-depth analysis of the shifting outlook for forensics technologies. Diving into the market picture, including five-year forecasts, regional analysis, and an evaluation of the competitive landscape, the report is hugely valuable for those navigating the changing landscape.

Artificial Intelligence: Empowering forensic investigation

Artificial intelligence (AI) has emerged as a game-changer, automating various aspects of forensic investigation and delivering more accurate and efficient results. Below are some examples of AI's impact on the field:

• Facial recognition : AI-powered facial recognition systems are making it easier to match images of suspects or persons of interest with vast databases of known individuals. This technology aids investigators in swiftly identifying potential suspects and generating leads in criminal investigations.
• Voice recognition : AI-powered voice recognition systems analyze audio recordings and match them with known voices, enabling investigators to identify potential suspects based on recorded conversations, phone calls, or other audio evidence.
• Document analysis : AI-powered document analysis systems scrutinize written or printed text, identifying potential clues or anomalies. This technology assists investigators in detecting forged or altered documents and extracting information from extensive volumes of text.
• Pattern recognition : AI-powered pattern recognition systems play a crucial role in identifying potential matches between crime scene evidence and databases of known samples. This technology allows investigators to quickly pinpoint potential suspects or weapons based on similar patterns left at the scene.
• Predictive policing : AI-powered predictive policing systems analyze crime data to predict where future crimes are likely to occur. By optimizing resource allocation and proactively preventing crimes, law enforcement agencies can operate more efficiently.

Nanotechnology: Unlocking the potential of trace evidence analysis

Nanotechnology is on the verge of revolutionizing forensics by enabling the analysis of minute traces of evidence, such as DNA or gunshot residue. By enhancing the sensitivity of analytical techniques, nanoparticles are facilitating more accurate and reliable forensic analyses. Let's explore some key applications of nanotechnology in forensics:

• Nanoparticle-based forensic techniques : Gold nanoparticles, for instance, are utilized to detect DNA or blood at crime scenes, enhancing the sensitivity and specificity of detection methods. This approach unveils trace evidence invisible to the naked eye.
• Nanoparticle-based imaging : Nanoparticles serve to improve imaging techniques in forensics, enabling better visualization of complex biological structures. This advancement has potential applications in fingerprint analysis and the identification of body fluids.
• Nanoparticle-based drug delivery : Nanoparticles can be engineered to deliver drugs to specific targets, which can aid in controlling the growth of bacteria or other microorganisms found at crime scenes.
• Nanoparticle-based sensors : These sensors can detect and analyze trace amounts of chemicals or substances, assisting in the identification of explosive materials or toxic chemicals.
• Nanoparticle-based forensic analysis of soil and water samples: Nanoparticles enable the extraction of specific compounds from complex soil and water samples, opening avenues for the analysis of samples that were previously challenging to analyze using conventional methods.
• Virtual and augmented reality : Enhancing Investigative Visualization Virtual and augmented reality technologies are increasingly finding their way into the forensics field, revolutionizing crime scene analysis and reconstruction. The following applications demonstrate the immense potential of VR/AR in forensics:
• Virtual crime scene reconstruction : VR technology creates virtual crime scenes, providing investigators with a more effective means of viewing and analyzing the scene. This approach enhances the accuracy of forensic analyses and facilitates the communication of findings to jurors and other stakeholders.
• Virtual autopsies : By generating three-dimensional representations of the inside of the body, VR technology assists medical examiners in improving the accuracy of their diagnoses and identifying injuries or anomalies that may have been overlooked with traditional autopsy methods.
• Augmented reality for forensic analysis : AR technology overlays virtual information onto real-world scenes, allowing investigators to superimpose a virtual crime scene map onto the actual scene. This approach highlights crucial evidence and provides contextual information for the investigation.
• Training and simulation : VR and AR technologies offer a safe and controlled environment for training forensic analysts and law enforcement officers. These technologies enable them to practice investigating crime scenes and conducting forensic analyses, enhancing their skills and expertise.
• Crime scene visualization : VR and AR technology enables the creation of realistic and interactive visualizations of crime scenes, enabling investigators to explore the scene more immersively. This approach enhances the accuracy of forensic analyses and facilitates the communication of findings to jurors and other stakeholders.

Explore the development of forensics technologies

As the industry continues to evolve, embracing these key trends will be crucial for forensic professionals to stay at the forefront of crime-solving techniques and meet the growing demands of a complex and challenging world.

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Written By Olivia Lowden

Olivia Lowden is a Junior Copywriter at BCC Research, writing content on everything from sustainability to fintech. Before beginning at BCC Research, she received a First-Class Master’s Degree in Creative Writing from the University of East Anglia.

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