Question

why the demand for generic drugs is high both in the developed and developing world? are the underlying reasons for this increase in demand the same in both cases?

Answer 1

Generic drugs have saved the lives of millions of poor people in the developing countries.   It reduces the reliance of governments on multinational pharma companies for developing medicines to deadly diseases.   It needs less investment to make copies of these pills after acquiring the patent holder's permission.   The cost of generic drugs are approximately 80 to 85 percent lower than the original pill whose patent has expired.