Moreover, OTC medicines have gained popularity as an easy and cost-effective option. Learn more about how Statista can support your business. In addition, the paradigm shift towards smart, integrated, and data-rich paperless operations has resulted in precise and error-free production. The pharmaceutical industry is growing at an unprecedented rate. Pharmaceutical Logistics Market 2021 Global and India Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2026 The global pharmaceutical manufacturing market size was accounted at US$ 357.9 billion in 2020 and is predicted to surpass around US$ 1,173.3 billion by 2030. Scope of Specialty Pharmaceuticals Market Report-Specialty pharmaceuticals are also referred as specialty drugs that are classified as high-cost, high complexity and high touch. We are in process of revamping ePharmacy Market with respect to COVID-19 Impact. Various national-level policies have promoted the application of big data and Artificial Intelligence (AI) in Asian countries. Pinterest. It assesses the impact of new drug launches, biosimilars and growth in … The report will account for Covid19 as a key market contributor. Design an exclusive study to serve your research needs. An increase in the incidence rate of diabetes globally and a rise in the number of marketed branded anti-diabetic therapies create numerous growth opportunities for the diabetes segment. This report focuses on the global IoT Spending in Pharmaceutical Manufacturing status, future forecast, growth opportunity, key market and key players. ", 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. Pharmaceutical Market. 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. Request Sample. Global pharmaceutical market is expected to grow in the upcoming years despite recent slowdown in key markets across the globe. Rising spending on pharmaceutical and growing product innovation to develop novel specialty drugs are the major factors driving the growth of Global Specialty Pharmaceutical Market. The global pharmaceutical manufacturing market size was estimated at USD 1,325.51 billion in 2019 and is expected to reach USD 1,397.33 billion in 2020. 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. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. This website is secure and your personal details are safe. The global pharmaceutical manufacturing market size was accounted at US$ 357.9 billion in 2020 and is predicted to surpass around US$ 1,173.3 billion by 2030. Moreover, a shift in preferences towards larger dosage volumes has resulted in an increased demand for 2.25-mL needle syringes, which significantly contributes to the revenue generation in this segment. This progress results in a shift from large batches to smaller batches for the development of complex medicines and autologous patient-centric treatments. This report focuses on the global Pharmaceutical Logistics status, future forecast, growth opportunity, key market and key players. These factors result in the high adoption rate of drugs from retail stores, which leads to a larger share of this segment. For instance, in February 2020, Merck partnered with a German firm, AMCM, to conduct clinical testing on 3D printed tablets. For instance, in August 2020, Grand River Aseptic Manufacturing expanded its Michigan facilities. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". The advent of electronic transfer of information is anticipated to open up numerous opportunities within primary care. Moreover, the U.S. accounted for the largest number of drug efficacy studies and clinical trials in the global market for pharmaceutical manufacturing. (March 5, 2020). Directly accessible data for 170 industries from 50 countries WiseGuyReports.Com Publish a New Market Research Report On ' Pharmaceutical and Biotechnology Machines Market To 2026 Global Market Size, Development Status, Top Manufacturers, And Forecasts . This feature is limited to our corporate solutions. The other diseases segment dominated the market for pharmaceutical manufacturing and accounted for a revenue share of 60.1% in 2019. 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. 7. At the moment, the WHO has not prescribed any of these approaches, neither they have commented if one is better than the other. According to the publications of World Population Prospects: the 2019 Revision, one in 11 individuals were over age 65 in 2019. Thus, the cost-saving benefits coupled with high public demand for OTC medicines have propelled segment growth at the fastest growth rate in the market for pharmaceutical manufacturing. Global Pharma E-Commerce Market : Size & Trends Shows a Rapid Growth by 2027 Global Pharma E-Commerce Market. Long-Term Care Resources and Utilisation. For instance, in February 2020, Sun Pharmaceutical Industries Ltd. launched its Riomet ER, a liquid formulation, designed for the treatment of type 2 diabetes mellitus in the U.S. "Revenue of The Worldwide Pharmaceutical Market from 2001 to 2019 (in Billion U.S. 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. R&D investments should reduce, while 400 new products should exit pipelines, mainly in the immune-oncology and orphan diseases areas . Trends suggest that the pharmaceutical market globally is on the increase . In terms of revenue, the tablets segment dominated the market for pharmaceutical manufacturing with a share of 25.4% in 2019. Top pharmaceutical products by sales worldwide 2019, Johnson & Johnson's total sales 2005-2019. 2020 to 2027. b. The global outlook for medicine use and spending affects the prospects of life sciences companies, insurers and the health of populations around the world. The rise in demand for innovative drug-delivery systems that better fit with the ‘mobile lifestyle’ of patients’ paves a path for the high adoption of pens and autoinjectors, which further surges the segment growth. 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. Please do not hesitate to contact me. In Germany, the value of its pharmaceutical market is about $45,828 million USD and in France, it is about $37,156 million … Twitter. As a Premium user you get access to background information and details about the release of this statistic. We never share your personal data. Revenue of the worldwide pharmaceutical market from 2001 to 2019 (in billion U.S. dollars) [Graph]. What is the pharmaceutical manufacturing market growth? 16 July 2019. Global Pharmaceutical Excipients Market Size, Share, Forecast Report, 2020-2027 Published Date : 09 Jul 2020 | No. According to Verified Market Research, the Global Pharmaceutical Excipients Market was valued at USD 6,961.64 Million in 2019 and is projected to reach USD 11,172.77 Million by 2027, growing at a CAGR of 5.97% from 2020 to 2027.. The global ePharmacy market size was valued at USD 49,727.7 Million in 2018 and is projected to reach USD 177,794.9 Million by 2026, exhibiting a CAGR of 17.3% in the forecast period (2019-2026). of Pages : 250 | Category : Healthcare. Market Size Graph. Prescription medicines dominated the market for pharmaceutical manufacturing and accounted for the maximum revenue share of 85.2% in 2019. Register in seconds and access exclusive features. WhatsApp. Facebook. Global Pharmaceutical Grade Amino Acid Market Overview. The growth in the demand for customized products, the need for enhanced productivity and efficiency across the value chain, and continuous pressure from regulatory bodies on drug pricing have compelled the pharmaceutical companies to rely more on outsourcing mode of drug development. Also, the huge demand of biopharmaceutical is facilitated by an accelerating focus in research and related investment. Pharmaceutical Excipients Market Size And Forecast. This is attributive to a large number of strategic pharma partnerships, especially among the well-established and early-stage companies, in this region. The global pharmaceuticals market was worth $934.8 billion in 2017 and will reach $1170 billion in 2021, growing at 5.8%, according to a recent pharma market research report by The Business Research Company.. The State Council of China issued guidelines to promote the development of healthcare big data and AI with specific emphasis on its application in healthcare. Which segment accounted for the largest pharmaceutical manufacturing market share? Description: – A comprehensive study of the overall market based on the latest data has been provided by this report … How big is the pharmaceutical manufacturing market? Moreover, market participants are involved in product development, collaboration and partnership models, agreements, business expansion, and merger and acquisition strategies to reinforce their product portfolio and fulfill the demand for pharmaceutical products. Constant progress in the field of personalized medicines has opened up numerous possibilities to target different health maladies and allowed the development of patient-centric models. Inquiry Before Buying. This statistic is not included in your account. Global Pharmaceutical outsourcing Scope and Market Size Pharmaceutical outsourcing market is segmented by Type, and by Application. Global Halal Pharmaceuticals Market Size 2018 by Drug Class (Respiratory Drugs, Cardiovascular Drugs, Endocrine Drugs, Pain Medication, Allergies, Others); by Product (Tablet, Syrups, Capsules, Others), Source Material (Plant and Plant Derivatives, Animals, Synthetic and Semi-synthetic Source, Recombinant DNA), Region and Forecast 2019 to 2025 "Revenue of the worldwide pharmaceutical market from 2001 to 2019 (in billion U.S. • Pharmerging countries will account for 25% of global spending on pharmaceuticals by 2020, compared to 23% in 2015. In 2018, the global Bio-Pharmaceutical Logistics market size was 71000 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 4.8% during 2019-2025. Global Pharma E-Commerce Market Scope and Market Size Pharma e-commerce market is segmented on the basis of product and end user. Keytruda is expected to replace Humira as the top selling drug by 2024, according to a report from EvaluatePharma. These supportive initiatives drive the drug production for children & adolescents segment at a lucrative pace. Oral dosage forms are affordable, easy to manufacture, and patient-friendly. You need a Single Account for unlimited access. This high incidence rate drives the pharmaceutical development for diabetes at the fastest CAGR of 12.91%. All interactions are confidential. The growth of specialty drugs under the Orphan Drug Act has been a boon in pediatric medicine. 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