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Cost Comparison remains the most Important factor behind the Popularity of Generic Pharmaceutical Pr
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The surveys have shown that on an average, generic pharmaceutical products cost between 30 to 80% less than their branded ones. This actually helps to save the US consumers around $8 to $10 billion each year.
In order to the comparison of costs of a generic pharmaceutical product and a branded drug we need to have detailed study. For example, if a pack of 20 pills of a generic pharmaceutical product costs around $160, the branded product will be around $270. . while experiencing same profit and accessibility the buyer will gain more profit while opting for the generic version .
With an probable growth of 13% expect ed for the year 2006 the generic pharmaceutical products are certainly here to stay. With the feature of huge savings they present highly effective products.
With their rising popularity among various pharmacists the generic pharmaceutical products are completely positioned for dominating the pharmaceutical product market. The generic pharmaceutical products are all set to outshine their more luxurious version of drugs that is, branded counterparts. |
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