Pharmaceutical Market Forecast to 2023 Examined in New Market Research Report Just Published
The pharmaceutical market was valued at US$ 1350.29 Bn in 2017 and is expected to reach US$ 1809.09 Bn by 2022.
Pune, India -- (SBWire) -- 05/25/2018 --The pharmaceutical industry is engaged in the research, development, manufacture and distribution of drugs for human or veterinary use. Drug therapy is an integral part of every aspect of healthcare. New drugs have an enormous positive influence on global health, economic productivity by saving lives, increasing life spans, reducing suffering, shortening hospital stays and preventing surgeries. The United States attracts the majority of global venture capital investments in start-up companies. It has one of the world's most supportive domestic environments for the commercialization and development of pharmaceuticals with minimal market barriers. U.S. laws allow direct-to-consumer advertising which creates immense demand for specific patented drugs. In terms of revenue
The Pharmaceutical industry in each discrete country market is studied based on factors such as per capita income, population, GDP, status of infrastructure, securing power parity, etc. Technology growth, industry mindfulness, end-user preference, and similar such grounds are also reflected while reviewing the market. The market conjectures are provided for the prediction period, along with corresponding compounded annual growth rates (CAGRs) for the forecast period 2017-2025.
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Top Key Vendors:
Abbott, AbbVie Inc., Albemarle Corporation, AstraZeneca, Aurobindo Pharma, Baxter, Bayer AG, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Lupin Pharmaceuticals, Inc, Merck & Co., Inc, Novartis AG, Pfizer, Inc., Sanofi and Teva Pharmaceutical Industries Ltd
Growing segments of the market include biologics and generics. Increase in the size of middle class households coupled with the improvement in medical infrastructure has resulted in the growth of pharmaceuticals sector. With increasing urbanization and concerns related to day to day living in urban settings, about 50 percent spending on in-patient beds is for lifestyle diseases which has increased the demand for specialized care. Increasing competition from generics is a major factor hampering the growth of global pharmaceutical market. However, the implementation of the Goods and Services Tax (GST) is expected to be a game-changer for the industry leading to tax-neutral inter-state transactions between two dealers. It is expected to result in an efficient supply chain management, which is expected to reduce its cost considerably.
Some of the front-line contenders working in the Global Pharmaceutical Market are pronounced in the report for the objective of systematic case study. The commercial and financial synopsis of these enterprises along with their major approaches approved have been given in this report.
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Table Of Content:
Chapter 1 Pharmaceutical Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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