As of 2016, the sales value growth of branded generic drugs in the Philippines was 71.1 percent and increased throughout the years. Notably, sales of unbranded generics have significantly increased, while originator drugs have slipped for the past years.
Yearly growth rate of drug sales in the Philippines from 2007 to 2016, by type of license
According to the source, the Philippine domestic pharmaceutical market is segmented into three license types of drugs:
(1) originators; (2) branded generics; and (3) unbranded generics. IQVIA defines originators as those drugs that are first to launch within a single or combined molecule. Meanwhile, branded generics, have the same molecule as the originator. Unbranded generics are those that carry the name of the molecule followed by its manufacturer.
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PCC. (June 8, 2020). Yearly growth rate of drug sales in the Philippines from 2007 to 2016, by type of license [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1173514/philippines-yearly-growth-of-drug-sales/
PCC. "Yearly growth rate of drug sales in the Philippines from 2007 to 2016, by type of license." Chart. June 8, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1173514/philippines-yearly-growth-of-drug-sales/
PCC. (2020). Yearly growth rate of drug sales in the Philippines from 2007 to 2016, by type of license. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1173514/philippines-yearly-growth-of-drug-sales/
PCC. "Yearly Growth Rate of Drug Sales in The Philippines from 2007 to 2016, by Type of License." Statista, Statista Inc., 8 Jun 2020, https://www.statista.com/statistics/1173514/philippines-yearly-growth-of-drug-sales/
PCC, Yearly growth rate of drug sales in the Philippines from 2007 to 2016, by type of license Statista, https://www.statista.com/statistics/1173514/philippines-yearly-growth-of-drug-sales/ (last visited December 21, 2024)
Yearly growth rate of drug sales in the Philippines from 2007 to 2016, by type of license [Graph], PCC, June 8, 2020. [Online]. Available: https://www.statista.com/statistics/1173514/philippines-yearly-growth-of-drug-sales/
