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global pharmaceutical market size

All interactions are confidential. In 2018, the United States represented the largest pharmaceutical market globally with a market size of 490.8 billion U.S. dollars. As the medical cost and health insurance have risen, more people have shifted their preferences towards self-medication for the treatment of minor health issues. Keytruda is expected to replace Humira as the top selling drug by 2024, according to a report from EvaluatePharma. Pharmaceutical Excipients Market Size And Forecast. Twitter. Market research firm Evaluate Pharma, in its annual World Preview report, projects a global growth rate for the pharma industry of 6.3% CAGR through 2022, up from the 5% CAGR it predicted last year for the 2014-2020 period. This Rx-to-OTC switch is a scientifically rigorous, data-driven, and highly regulated procedure that enables the consumers to have access across a wide range of medicines. Several benefits associated with outsourcing operations are expected to drive the segment at a lucrative pace in the market for pharmaceutical manufacturing. This is attributive to a large number of strategic pharma partnerships, especially among the well-established and early-stage companies, in this region. In 2018, the global IoT Spending in Pharmaceutical Manufacturing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. The high growth of prescription drug expenditures globally is one of the major factors attributive to this large revenue share. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Some key players operating in the pharmaceutical manufacturing market include F. Hoffmann-La Roche Ltd.; Novartis AG; GlaxoSmithKline plc; Pfizer, Inc.; Merck & Co., Inc.; AstraZeneca; Johnson & Johnson; Sanofi SA; Eli Lilly and Company; AbbVie, Inc.; Sun Pharmaceutical Industries Ltd.; Novo Nordisk A/S; Takeda Pharmaceuticals, Inc.; Cipla Limited; Bristol Myers Squibb Company; and Gilead Sciences, Inc. b. Global Specialty Pharmaceutical Market report is segmented on the basis of therapeutic area, route of administration, distribution channel and by regional & country level. The global pharmaceutical logistics market size was valued at USD 69.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2027. The global pharmaceutical manufacturing market is expected to grow at a compound annual growth rate of 4.62% from 2020 to 2027 to reach USD 1,902.57 billion by 2027. b. The global pharmaceutical manufacturing market size was valued at USD 324.42 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 13.74% from 2020 to 2027. The injectable segment is anticipated to witness the fastest CAGR in the market for pharmaceutical manufacturing during the forecast period. Accessed January 16, 2021. https://www.statista.com/statistics/263102/pharmaceutical-market-worldwide-revenue-since-2001/, IQVIA. China was the following market … 0. As per the estimates of the Consumer Healthcare Products Association study, this paradigm shift is expected to save around USD 20.0 billion in healthcare spending every year. The State Council of China issued guidelines to promote the development of healthcare big data and AI with specific emphasis on its application in healthcare. Similarly, data from Vizient’s Pharmacy Program stated that the hospital prescription drug spending is likely to rise by nearly 4.6% in 2020. The research … Copyright © 2021 Grand View Research, Inc. All rights reserved. Such developments have allowed the companies to gather and utilize more data in minimal time and cost, which boosts the pharmaceutical manufacturing. For instance, in February 2020, AstraZeneca invested USD 133.0 million to expand its Australian manufacturing site. Similarly, in January 2020, Neurelis, Inc. received FDA approval for its VALTOCO nasal spray that is designed for epilepsy treatment in 6 years of age and older. Moreover, the use of diagnostic support systems enables the automated introduction of clinical pathways of care, which can be tailored according to the patient’s needs by a clinician. This report focuses on the global IoT Spending in Pharmaceutical Manufacturing status, future forecast, growth opportunity, key market and key players. Moreover, OTC medicines have gained popularity as an easy and cost-effective option. Some of the prominent players in the pharmaceutical manufacturing market include: Revenue in USD billion and CAGR from 2020 to 2027, Revenue forecast, company share, competitive landscape, growth factors and trends, Drug development type, formulation, route of administration, therapy area, prescription, age group, distribution channel, region, North America; Europe; Asia Pacific; Latin America; Middle East & Africa, The U.S.; Canada; Germany; The U.K.; France; Spain; Italy; Japan; China; India; Brazil; Mexico; Saudi Arabia; South Africa, F. Hoffmann-La Roche Ltd.; Novartis AG; GlaxoSmithKline plc; Pfizer, Inc.; AstraZeneca; Merck & Co., Inc.; Johnson & Johnson; Sanofi SA; Eli Lilly and Company; Lonza. The short-term impact of COVID-19 on the market is the crucial factor for pharmaceutical logistics’ fast-paced growth across the globe. You can only download this statistic as a Premium user. Players, stakeholders, and other participants in the global Pharmaceutical outsourcing market will be able to gain the upper hand as they use the report as a powerful resource. Google+. We never share your personal data. This report focuses on the global Bio-Pharmaceutical Logistics status, future forecast, growth opportunity, key market and key players. Are you interested in testing our corporate solutions? Design an exclusive study to serve your research needs. At the moment, the WHO has not prescribed any of these approaches, neither they have commented if one is better than the other. • Pharmerging countries will account for 25% of global spending on pharmaceuticals by 2020, compared to 23% in 2015. Global Pharmaceutical outsourcing Scope and Market Size Pharmaceutical outsourcing market is segmented by Type, and by Application. In addition, the paradigm shift towards smart, integrated, and data-rich paperless operations has resulted in precise and error-free production. Several studies have reported that healthcare spending on cancer treatments has doubled in the last few years. The global pharmaceutical manufacturing market size was valued at USD 324.42 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 13.74% from 2020 to 2027. Press Release Global Pharmaceutical Industry 2020: Market Size, Share, Growth, Sales and Drivers Analysis Research Report 2025 Published: Nov. 3, 2020 at 3:13 a.m. This is attributive to a large number of strategic pharma partnerships, especially among the well-established and early-stage companies, in this region. Apart from this, an increase in the outsourcing of fill-finish manufacturing services by the drug developers also boosts the revenue generation in the parenteral segment in the market for pharmaceutical manufacturing. This study specially analyses the impact of Covid-19 outbreak on the Pharmaceutical Excipients, covering the supply chain analysis, impact assessment to the Pharmaceutical Excipients market size growth rate in several scenarios, and the measures to be undertaken by Pharmaceutical … facts. The cancer segment accounted for the second-largest revenue share of 10.2% in 2019 owing to the high sales of oncology drugs, especially KEYTRUDA of Merck and HUMIRA of AbbVie, Inc., in the market space. As soon as this statistic is updated, you will immediately be notified via e-mail. THE PHARMACEUTICAL MARKET • The global pharmaceutical market will reach nearly USD 1,430 billion by 2020. The report is a comprehensive study on global market analysis and insights. This website is secure and your personal details are safe. The global pharmaceutical packaging market size was valued at USD 98.58 billion in 2019 and is anticipated to expand at a CAGR of 8.5% over the forecast period. This is expected to reach to one in six individuals by 2050. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Factors, such as the high demand for cost-effective treatment options and self-medication, has hugely transformed the over-the-counter (OTC) medicines segment. Benefits associated with these injections are self-administration, ease of use, reliability, precision, use of fixed doses in prefilled syringes, compact design, compliance, and high patient comfort. The pharmaceutical industry is growing at an unprecedented rate. ET In terms of revenue, the tablets segment dominated the market for pharmaceutical manufacturing with a share of 25.4% in 2019. The Pharma E-commerce market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. Market share of the leading 10 global pharmaceutical markets 2019 Top global pharmaceutical markets: growth rate 2013-2019 Top 50 pharmaceutical companies - Rx sales and R&D spending 2019 Outsourced services minimize the investments, reduce drug development and overall costs, and increase the efficiency of manufacturing procedures, and easily comply with different regulatory norms. One line of treatment includes the use of hydroxychloroquine, while a second treatment line focuses to use antiviral drugs used in the disease management of HIV. Giuliana Miglierini. Constant progress in the field of personalized medicines has opened up numerous possibilities to target different health maladies and allowed the development of patient-centric models. Also, the huge demand of biopharmaceutical is facilitated by an accelerating focus in research and related investment. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. (March 5, 2020). The global pharmaceutical packaging market size was USD 90.23 billion in 2019 and is projected to reach USD 153.93 billion by 2027, exhibiting a CAGR of 6.4% during the forecast period. Long-Term Care Resources and Utilisation - Key Indicators. ", IQVIA, Revenue of the worldwide pharmaceutical market from 2001 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/263102/pharmaceutical-market-worldwide-revenue-since-2001/ (last visited January 16, 2021), Revenue of the worldwide pharmaceutical market from 2001 to 2019, Pharmaceutical market: worldwide revenue 2001-2019, World pharmaceutical sales 2017-2019 by region, World pharmaceutical market distribution by submarket 2014-2019, Revenues of top 10 global pharmaceutical markets 2019, Top therapeutic classes by global pharmaceutical sales 2018 estimates, Global pharmaceutical revenue by technology 2012-2026, Worldwide Rx drug sales excluding generics and orphan drugs 2012-2026, Projection of global revenue for orphan prescription drugs 2012-2026, Worldwide generic prescription drug revenue 2012-2026, Revenue of the global OTC pharmaceutical market 2012-2025, Spending growth of top pharmaceutical therapeutic classes by CAGR 2014-2018, Global revenue of anti-diabetic products 2008-2018, Top 50 pharmaceutical companies - Rx sales and R&D spending 2019, Global Rx drug market share by top companies 2019 and 2026, Top 10 biotech and pharmaceutical companies based on market cap 2020, Total global pharmaceutical R&D spending 2012-2026, Global top pharmaceutical companies based on R&D spending 2026, Patent expiration risks for total worldwide prescription drug revenue 2019-2026, Worldwide prescription drug revenue - market risk from patent expiration 2019-2026, Pharmaceutical industry - number of new substances 1998-2019, Pharma companies worldwide with active R&D pipelines 2001-2020, Number of novel drugs approved annually by CDER 2008-2019, Top pharmaceutical R&D projects based on net present value June 2020, Top companies by COVID-19 treatment vaccines in development January 2021, Number of COVID-19 treatment vaccines in development worldwide by phase 2021, Market capitalization change in key COVID-19 firms until end-May 2020, COVID-19 vaccine development, enrollment and funding status July 28, 2020, by company, Select COVID-19 vaccine pricing and funding as of August 2020, Gilead Science's remdesivir manufacturing projections 2020, Worldwide remdesivir sales forecast 2020-2026, World pharmaceutical sales by region forecast 2023, Pharmaceutical sector growth worldwide 2017-2030, by country, Country comparison in spending on medicine 2024, Leading global pharmaceutical products by projected revenue 2026, Global pharmaceutical market revenue 2008-2015, World pharmaceutical market: changes in revenue by region 2019, Regional pharmaceutical market revenue worldwide 2019, Total worldwide prescription drug revenue - projection 2016-2026, Pharma revenue share forecast worldwide for 2060, by country, Pharma revenue share worldwide 2017, by country, Latin America: pharmaceutical market size 2017, by country, Peru: pharmaceutical market size 2015-2017, World pharmaceutical market CAGR forecast by region group 2020-2024, Ecuador: pharmaceutical market size 2015-2017, World pharmaceutical select subsector value share 2017, Pharmaceutical expenditure forecast worldwide by country 2030, Value of hypnotics and sedatives pharmaceutical sales in Spain 2004-2017, Import value of medical instruments to North Africa 2011-2015, Colombia: pharmaceutical market size 2015-2017, Import value of pharmaceuticals in North Africa 2011-2015, Global CAGR forecast general anesthetics 2015-2025, by drug type, Revenue of the worldwide pharmaceutical market from 2001 to 2019 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Ethical Pharmaceuticals Market … This has also encouraged the manufacturers to redesign their supply chain in order to better align with the patient-centric health care system. As a Premium user you get access to background information and details about the release of this statistic. This is due to the wide availability of tablets in different colors, shapes, and sizes as well as types, such as film and enteric-coated, effervescent, and orally disintegrating tablets. GLOBAL BLOOD PLASMA MARKET FORECAST 2020-2028 Global Blood Plasma Market by Mode of Delivery (Infusion Solutions, Gels, Sprays, Biomedical Sealants) by Blood Type (Immunoglobulin, Albumin, Hyperimmunes, Coagulation Factor Concentrates, Other Plasma Fractionation Products) by Therapeutic Indication (Immunology, Oncology, Pulmonology, Rheumatology, Transplantation, Neurology, … R&D investments should reduce, while 400 new products should exit pipelines, mainly in the immune-oncology and orphan diseases areas . 16 July 2019. 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Should reduce, while 400 new products should global pharmaceutical market size pipelines, mainly in drug! References and background information and details about the release of this statistic is,! Detailing historical and current trends of the global IoT spending in pharmaceutical manufacturing with a revenue share this... Injections is expected to replace Humira as the global pharmaceutical market size selling drug by 2024, according to the largest share 40.1. Forecast period 2021 to 2030 made by the pharmaceutical manufacturing facilities have positively impacted market growth this content per prescription... The diabetes segment anticipated to witness the fastest CAGR in the last few years designed for personalized needs also segment... Of Health-System Pharmacy, the huge demand of biopharmaceutical is facilitated by an accelerating focus in research and investment! 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