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Generic Drugs Giving Close Competition to Branded Drugs, But Why?

In today’s time, every other person is suffering from some or the other ailment. Some of them are related to the growing age, negligence of health and, if we talk about the worst-case scenario, then a person may be suffering from a chronic disease. If one is suffering from a disease, then it isa common phenomenon that he/ she will be administered some drug by the physician, to battle the or even control the condition.

The drugs that one takes may not always be branded, as it can sometimes be heavy on your pocket. As a solution of this issue, generic drugs can work well for a person, as it has the same salt as the blockbuster drugs, but to the advantage of your pocket, the patent has expired. 

In this blog, we will discuss about the facts about why these are becoming increasingly popular and why to switch toward them.

Just As Effective as Branded Drugs

If you are in doubt about the effectiveness of the generic medicines, put all the doubts to rest. The main element of any medicine is the salt used in the manufacturing of the same, and if the salt is same than it is a given that the effect will also be the same. 

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Easily Available at Nearby Stores

These medicines can come in really handy, when you don’t have time, or just don’t want to go far for the procurement of a medicine. These generic alternatives are generally available at the drug-store next door. Sometimes of the branded drug is not available in the vicinity you just have to open the internet, search for a generic alternative, and you will be sorted to say the least.

They Have the Approval of Councils

Some of you might think that generic drugs are not approved by the concerned regulatory authorities, but to your surprise they have got all the approvals just as their branded counterparts, and are also perfectly safe for consumption. The only thing the generic medicines lack is the patents, as their patents has expired, that’s why they are termed as generic drugs. So, next time, if anyone asks you about the safety concerns of these alternatives of branded drugs, surely say ‘go ahead’.

They are Fairly Economical

Money is perhaps the biggest factor that add to the prominence gathered by the generic drugs among the people. These drugs are generally in the reach of most people, unlike the medicines manufactured by the big names. Patent is an important thing for a medicine, but the main reason for which one takes a medicine, is to regain the health, and if one can get beck to the pink and that too by spending far less, it is definitely a win-win.

It is because of the various advantages associated with the generic drugs, the global demand will reach to a value of USD 705 billion by the year 2030, and who knows, the demand also might go way beyond this value.

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