Growth rate of generic drugs market value sold by pharmacies in Italy 2017-2022
The generic drugs market value in Italy increased steadily from the third quarter of 2017 to the first quarter of 2020. According to the data, the most remarkable increment was registered in the second quarter of 2018, when the market value of generic drugs increased by 12.1 percent compared to the same period of the previous year. Over the course of 2020, however, the market volume of generics experienced a contraction. The sharpest decline was recorded during the second quarter of 2020, when the revenue coming from generics decreased by 6.3 percent compared to the second quarter of 2019. This period corresponded with the national lockdown imposed by the government to contain the spread of COVID-19. From the second quarter of 2022 onward the generic drugs market value increased again. This graph shows the growth rate of generic drugs market value in Italy from the 3rd quarter 2017 to the 4th quarter 2022.
