Tag: generics

Generics play a crucial role in controlling rising global healthcare costs. With healthcare spending projected to reach $5.6 trillion in the US by 2025, generic drugs offset expensive new medications. Regional data shows varying cost trends, from North America's 8.7% growth to Asia Pacific's 12.3%. Over 55 countries rely on out-of-pocket payments, making generics vital for access. Learn how this balance impacts healthcare worldwide.