This document discusses the global generic pharmaceutical market and product development. It begins with an introduction that outlines increasing demand for medicines globally and a shift toward generics. It then provides details on the size and growth of the global generics market. The document discusses key aspects of pharmaceutical research and development as well as quality by design (QbD) approaches. It outlines the common regulatory requirements for different markets like the US, Europe, and India. Finally, it concludes that regulations favoring generics and health insurance coverage will boost the generics market, while consolidation and complex therapies will present challenges.