Year: 2025
Type: article
Abstract: Generic drugs are a key part of today's healthcare systems. They provide cheaper options compared to brand-name drugs, but they are just as safe, effective, and high quality. These drugs work the same way as the original medicines because they contain the same active ingredients. They help lower the cost of healthcare and make medicines more accessible, especially in poorer countries. This paper looks at the worldwide situation of making generic drugs, how patent endings affect the market, and the different ways medicines are sold in various regions. It also covers the rules and regulations in the US, Europe, India, and the WHO's Prequalification Programme. The paper gives a close look at the situation in India, including government efforts like the Jan Aushadhi scheme and changes made to make generic drugs more available and trusted. It also discusses some challenges, like making sure the drugs are of good quality, gaining trust from doctors, and following production rules. The paper ends with a comparison of prices between generic and branded drugs to show how much cheaper generics are
Authors: Abhishek Kumar, Sana Nusrat Praween, Rajaram R. Rajbhar
Institution: Aryabhatta Knowledge University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7081961790
FWCI:
Cites:
Cited by:
Related to: