The Role of Generic Medicines in Sustaining Healthcare Systems

February 22, 2016

In the European Union (EU), where strained healthcare systems are facing ever greater demands from an ageing population, generic medicines have played a significant part in controlling costs. Off-patent medicines now account for 92% of the treatment volume in the region. And competition from generic medicines drives the cost of off-patent products down61% from their cost during market exclusivity. This saved payers an estimated €100Bn in 2014 and has contributed to significantly higher access for patients in many countries, across many therapeutic areas. However, over the next several years, the number of small molecule original brands losing their market exclusivity in Europe and the savings opportunities to be had from generic medicines and the competition they create will be dramatically reduced.

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Medical Solutions Supplier

Since 1994, Medical Solutions Supplier has distributed breakthrough products that dramatically improve the quality of life for patients suffering from a variety of chronic conditions. Compression Pump Therapy consultants located throughout the country provide personal service to health care professionals and patients - making it easy to provide long term solutions and hope for healing for conditions such as lymphedema, venous disease, chronic wounds and arterial disease.

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Spotlight

Medical Solutions Supplier

Since 1994, Medical Solutions Supplier has distributed breakthrough products that dramatically improve the quality of life for patients suffering from a variety of chronic conditions. Compression Pump Therapy consultants located throughout the country provide personal service to health care professionals and patients - making it easy to provide long term solutions and hope for healing for conditions such as lymphedema, venous disease, chronic wounds and arterial disease.

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