Generic Drugs Market To Witness CAGR of 10.0% during 2020–2030Get more insights: https://www.psmarketresearch.com/market-analysis/generic-drugs-market-outlookThe generic drugs market is expected to advance at a CAGR of 7.20% during 2022–2030 due to the increasing geriatric population, surging patent expiration of branded drugs, burgeoning incidence of acute and chronic diseases, and soaring research and development (R&D) expenditure by biotechnology and pharmaceutical companies. The market generated revenue of USD 404.3 billion in 2022, and it is expected to generate USD 705.1 billion by 2030. Currently, the market is observing collaborations and partnerships among pharmaceutical firms.