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With a revenue of over ** billion U.S. dollars, Sandoz was the world’s second-largest drug manufacturer based on generics revenue in 2024. This was followed by Sun Pharmaceuticals with a revenue of over *** billion U.S. dollars.

Generic prescription drugs

Worldwide generic prescription drug revenue is expected to increase in the coming years: the total amount of revenue generated in 2023 was estimated at ** billion U.S. dollars and is projected to reach 100 billion U.S. dollars by 2026. Branded prescription medication generally generates the highest revenues: in the U.S., branded drug revenue amounts to some ** to ** percent of total revenues. 

Generic brands

A generic of a brand-name drug lacks a widely recognized name. As a result, it tends to make them a cheaper alternative to the brand-name goods, as they are not usually advertised. Interestingly, generic drugs are sometimes created by the same manufacturers that create branded drugs.