(Companies Covered: Pfizer Inc., F. Hoffmann-La Roche AG, Novartis AG, Johnson & Johnson, GlaxoSmithKline Plc., Merck & Co., Inc., Sanofi S.A., AbbVie Inc)
The global pharmaceuticals market reached a value of nearly $1,217.1 billion in 2019, having increased at a compound annual growth rate of 6.7% since 2015. The market is expected to decline from $1,217.1 billion in 2019 to $1,209.6 billion in 2020 at a rate of -0.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a compound annual growth rate of 8.5% from 2021 and reach $1,738.2 billion in 2023. The market is expected to reach $2,050.9 billion in 2025, and $3,206.3 billion in 2030.
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The pharmaceuticals market consists of sales of pharmaceuticals and related services by entities (organizations, sole traders and partnerships) that produce pharmaceuticals used in treating diseases. This industry includes establishments that produce biologics and pharmaceutical drugs.
Global Pharmaceuticals Market Segmentation –
1) By Type – Pharmaceutical Drugs, Biologics.
2) By Type Of Pharmaceutical Drugs- Cardiovascular Drugs, Dermatology Drugs, Gastrointestinal DrugsGenito-UrinaryDrugs, Hematology Drugs, Anti-Infective Drugs, Metabolic Disorder Drugs, Musculoskeletal Disorder Drugs, Central Nervous System Drugs, Oncology Drugs, Ophthalmology Drugs, Respiratory Diseases Drugs.
3) By Type Of Biologics Drugs- Monoclonal Antibodies (MAbS), Therapeutic Proteins, Vaccines.
Global Pharmaceuticals Market Driver –
Technology is expected to be a continued driver of pharmaceuticals market growth during the forecast period. An area of particular development is likely to be physiology simulation modeling. Markets such as this one will benefit from the greater efficiencies offered by new technologies.
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Few Points From The Global Pharmaceuticals Market TOC
1. Pharmaceuticals Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6.1. Segmentation By Geography
6.2. Pharmaceuticals Segmentation By Type
7. Pharmaceuticals Market Characteristics
7.1. Market Definition
8. Pharmaceuticals Market, Supply Chain Analysis
8.1. Pharmaceutical Drugs
8.1.1. Raw Material And Equipment Procurement
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