Australian markets are flooded with the generic drugs because of the ever increasing demand and customer’s preference for them. Generic drugs have captured more than 60% share in the Australian drug market. Previously, Australian government was very strict about the generic drugs from the outer countries. Due to the lot of the improvement in the quality of the generic drugs and due to the pressure from the customers and vendors, finally the Australian government has to allow the generic drugs from the other countries to be sold in the Australia.But, it was not so easy to get the approval from the Australian govt. for the sale of the generic drugs.
Until and unless the generic drugs use to match with the standards set up by the Australian government they were not approved.According the Australian govt. norms and conditions generic drugs should contain the same active constituent that is present in the branded drug and also in the same concentration.Australian govt. is also now supporting the generic drugs sale because this is even saving the revenue investment of the govt. Australian pharmaceutical association is already in favor of the generic drugs sale as it very beneficial for the customers and also to the drug distributors.
Some of the doctors have understood that generic drugs are the need of time and started prescribing them to the patients. The medical shops in Australia are also favoring the generic drugs because they are able to make more profits by selling the generic drugs.Customers are very happy with the availability of the generic drugs because they are not able to save a lot of money during the recession period. So, the Australians are favoring the generic drugs and are using them rather than the branded drugs.
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