Total Sales of Generic Drugs Surpass the Sales of Brand Name Drugs in the United States
Generic alternatives to high priced brand name medications are gaining in popularity with the American public. As confidence in generics and in online buying grows internet sales have been the fastest growing segment of the pharmaceutical market.
(PRWEB) July 21, 2005 -- Blue Cross – Blue Shield of Michigan reported that
53% of all prescriptions filled in 2003 were generic alternatives to brand name
medications. The figures worldwide are much higher with estimates reaching as
high as 78% of all medications being consumed are generic. The lower number of
generic alternatives available in the USA compared to those available worldwide
is one of the main reasons that health care costs in the United States are the
highest in the world per capita. The reason for the greater number of generic
drugs available outside of the United States is that US patent laws are
generally not recognized worldwide.
Michael Taylor, a spokesman for www.generic-rxdrugs.com,
said “Because of rapidly increasing usage and prices people are looking for
alternatives to save money on their medications, especially those without
medical insurance. As internet usage among “baby boomers” and senior citizens
increases more and more people are turning to the internet as a source of
quality generic drugs at a much lower cost. Our company’s sales have increased
by almost 200% in the last two years. We attribute this growth to our quality
products and service as well as market growth. Our medications average
approximately 70% less than the brand name drugs that they duplicate.”
www.generic-rxdrugs.com
is a subsidary of The RX Pharmacy Group, an online supplier and distributor of
health care products.
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Source : http://www.prweb.com/releases/2005/7/prweb264025.htm