Evaluation of Awareness, Perception and Influences that Help Students to Decide on the Generic Medicine

Abstract

Expenses associated with modern healthcare are rising, especially the selling price of drugs. In spite there is proof to advise that certified pharmacists around the globe now routinely substitute generic medications for branded ones, drug consumption has been identified as a significant contributor to the rising costs of medical services. Pharmaceutical goods known as generic medications have physical and chemical properties that are bioequivalent to those of name-brand medications. By 2023, it is anticipated that worldwide medication spending will exceed US $1.5 trillion. The estimated cost of pharmaceuticals in South India, as per available reports, is closer to US $8 billion. Even though the market's potential to level the demand for medications, the prevalence of both communicable and non-communicable diseases has increased. South India is not an exception to this Universal trend, which raises the expense of medicine to patients and the health care industry. latest statistics report that 36% of adult population over 20 are obese, 18.5% of them are disabled, and over 23% have hypertension. The cost of healthcare in South India has been noticed to increase rapidly in most recent years, and this trend is presumed to continue. To boost pharmaceutical products, lot ofinitiatives, investments have, started in recent years as such, as part of a well-planned strategy to produce at least 40% of all medications domestically in the long run.