The global pharmaceutical drug market is expected to grow from $ 975.04 billion in 2020 to $ 981.73 billion in 2021 at a compound annual growth rate (CAGR) of 0.7%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 1280.42 billion in 2025 at a CAGR of 7%.
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The pharmaceutical drugs market comprises the sales of goods and related services by entities (organizations, independent traders and partnerships) that produce and sell pharmaceutical drugs used to treat various diseases. This industry includes establishments that produce drugs such as cardiovascular drugs, gastrointestinal drugs, genitourinary drugs, hematological drugs and other drugs used to treat cardiovascular diseases, rare genetic diseases, infections, metabolic disorders, cancers, respiratory diseases and others. The pharmaceutical drug market is segmented into cardiovascular drugs; dermatological drugs; gastrointestinal drugs; genitourinary drugs; hematology drugs; anti-infective drugs; drugs for metabolic disorders; drugs for musculoskeletal disorders; drugs for the central nervous system; oncological drugs; ophthalmic drugs; and drugs for respiratory diseases.
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The Pharmaceutical Drugs Market report also gives the in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
Some of the major players in the pharmaceutical drugs market are Novartis AG, Sanofi SA, Pfizer Inc., Gilead Sciences, Inc., Johnson & Johnson.
The global pharmaceutical drugs market is segmented –
1) By type: Cardiovascular drugs, Dermatological drugs, Gastrointestinal drugs, Genitourinary drugs, Hematological drugs, Anti-infective drugs, Drugs against metabolic disorders, Drugs against musculoskeletal disorders, Drugs for the central nervous system, Drugs against oncology, Ophthalmic drugs, Respiratory disease drugs
2) By distribution channel: hospital pharmacies, retail pharmacies / pharmacies, other
3) By administration route: oral, parenteral, others
4) By drug classification: brand name drugs, generic drugs
5) By method of purchase: prescription drugs, over-the-counter drugs
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The Pharmaceutical Drugs Market report describes and explains the global pharmaceutical drugs market and covers 2015 to 2020, referred to as historical period, and 2020 to 2025, referred to as forecast period, along with other forecasts for the period 2025-2030. The Pharmaceutical Drugs report assesses the market in each region and for major economies within each region.
The countries covered in the global pharmaceutical drugs market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru , Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.
The regions covered in the Global Pharmaceutical Drugs Market are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa .
The full report includes
- Structure of the report
- Characteristics of the pharmaceutical drugs market
- Pharmaceutical Drugs Market Product Analysis
- Pharmaceutical Drugs Market Supply Chain
- Key mergers and acquisitions in the pharmaceutical drugs market
- Market context: machinery manufacturing market
- Copyright and disclaimer
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