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.. WhatsApp. The short-term impact of COVID-19 on the market is the crucial factor for pharmaceutical logistics’ fast-paced growth across the globe. Going forward, the global market will grow by 4-5% CAGR, reaching $1.5 trillion (based on invoice pricing). This can eliminate the issues of poor communication between primary and secondary care. Description: – A comprehensive study of the overall market based on the latest data has been provided by this report … Giuliana Miglierini. Oral Solid Dosage Pharmaceutical Formulation Market 2017-2027 Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects – In this report, historical data, primary responses and public domain data has been thoroughly analysed to infer the market size. 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. Global Pharmaceutical Contract Development & Manufacturing Market, By End User 7.1 Big Pharma 7.2 Small & Mid-Size Pharma 7.3 Generic Pharmaceutical Companies 7.4 Other End Users 8. Generic market. 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. 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.. Long-Term Care Resources and Utilisation - Key Indicators. Global Pharmaceutical Contract Research and Manufacturing Market: The pharmaceutical contract research and manufacturing market (CRAM) size has … The report is a compilation of detailed market overview based on the idea of sorts, … The in-house segment dominated the market for pharmaceutical manufacturing and accounted for a revenue share of 50.1% in 2019. According to the publications of World Population Prospects: the 2019 Revision, one in 11 individuals were over age 65 in 2019. Recently, several regulatory bodies have shifted a large number of medicines from the prescription to OTC segment in the market for pharmaceutical manufacturing. Get your queries resolved from an industry expert. A rise in the drug approvals by the regulatory bodies is expected to fuel the pharmaceutical manufacturing procedures. This website is secure and your personal details are safe. The global market for pharmaceuticals reached $1.2 trillion in 2018, up $100 billion from 2017, according to the Global Use of Medicines report from the IQVIA Institute for Human Data Science. The high growth of prescription drug expenditures globally is one of the major factors attributive to this large revenue share. 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. Several benefits associated with outsourcing operations are expected to drive the segment at a lucrative pace in the market for pharmaceutical manufacturing. 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. The market is largely driven by the growing geriatric population, increasing burden of chronic diseases, and rising inclination toward targeted therapy. Besides, the integration of Robotic Process Automation (RPA) by contract manufacturers efficiently accelerates the drug development processes. 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, in turn, drives the sale of drugs in the non-retail segment at the fastest CAGR in the market for pharmaceutical manufacturing. 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. Global Pharmaceutical Market Size, Status and Forecast 2022 1 Industry Overview of Pharmaceutical 1.1 Pharmaceutical Market Overview 1.1.1 Pharmaceutical Product Scope 1.1.2 Market Status and Outlook 1.2 Global Pharmaceutical Market Size and Analysis by Regions 1.2.1 United States 1.2.2 EU 1.2.3 Japan 1.2.4 China 1.2.5 India 1.2.6 Southeast Asia 1.3 Pharmaceutical Market by Type 1.3.1 … 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. Continuous investments made by the pharmaceutical and outsourcing firms to expand their manufacturing facilities have positively impacted market growth. We are in compliance with GDPR & CCPR norms. These factors result in the high adoption rate of drugs from retail stores, which leads to a larger share of this segment. As a Premium user you get access to background information and details about the release of this statistic. You can only download this statistic as a Premium user. and over 1 Mio. In Germany, the value of its pharmaceutical market is about $45,828 million USD and in France, it is about $37,156 million … 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. Pharmaceutical Excipients Market Size And Forecast. In, IQVIA. Pharmaceutical Market - Key Indicators. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Multiple therapeutic regimens are being followed across the globe in attempts to come up with a reliable treatment for Covid-19. Key factors that are driving the pharmaceutical manufacturing market growth include the rise in pharmaceutical R&D spending, advancements in technologies, rise in focus towards healthcare needs of emerging nations, and growth in the geriatric population and incidence rate of chronic disorders. In Asia Pacific, the market for pharmaceutical manufacturing is expected to witness the fastest growth during the forecast period due to a huge customer base, an increase in healthcare expenditure, disease incidence, and the presence of supportive regulatory systems. This progress results in a shift from large batches to smaller batches for the development of complex medicines and autologous patient-centric treatments. In addition, the paradigm shift towards smart, integrated, and data-rich paperless operations has resulted in precise and error-free production. The geriatric segment is estimated with USD 151.99 billion in 2019. "Revenue of The Worldwide Pharmaceutical Market from 2001 to 2019 (in Billion U.S. Major Trends In The Pharmaceutical Manufacturing Industry: This statistic is not included in your account. Inquiry Before Buying. PREA operates as a checkpoint during the FDA drug approval. 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. This statistic was assembled from several of IQVIA's publications. Major Trends In The Pharmaceutical Manufacturing Industry: online dashboard trial. (March 5, 2020). The US has the largest pharmaceutical market in the world with a value of $339,694 million USD followed by Japan ($94,025 million USD) and China ($86,774 million USD). The MarketWatch News Department was not involved in the creation of this content. Explore purchase options. The report will account for Covid19 as a key market contributor. The global outlook for medicine use and spending affects the prospects of life sciences companies, insurers and the health of populations around the world. ET For instance, the FDA approved 59 drugs in 2018, 49 drugs in 2019, and 15 drugs up to April 2020. Register in seconds and access exclusive features. Long-Term Care Resources and Utilisation. 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. In addition, an introduction of a broad range of packaging styles, such as ready-to-fill syringes, cartridges, and vials, has hugely transformed the parenteral manufacturing sector. 16 July 2019. Then you will be able to mark statistics as favourites and use personal statistics alerts. Moreover, OTC medicines have gained popularity as an easy and cost-effective option. "Revenue of the worldwide pharmaceutical market from 2001 to 2019 (in billion U.S. Directly accessible data for 170 industries from 50 countries Trends suggest that the pharmaceutical market globally is on the increase . This is attributive to a large number of strategic pharma partnerships, especially among the well-established and early-stage companies, in this region. Revenue of the worldwide pharmaceutical market from 2001 to 2019 (in billion U.S. dollars) [Graph]. “Global Ethical Pharmaceuticals Market- Industry Trends and Forecast to 2027” Worldwide Industry Size, Offer and trends analysis during Period. Global Pharmaceutical Grade Amino Acid Market Overview. You need a Single Account for unlimited access. As soon as this statistic is updated, you will immediately be notified via e-mail. Global Pharma E-Commerce Market : Size & Trends Shows a Rapid Growth by 2027 Global Pharma E-Commerce Market. 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. Continuous investments made by the pharmaceutical and outsourcing firms to expand their manufacturing facilities have positively impacted market growth. The Global Report on Pharmaceutical Excipients Market Size, Status, Growth and Forecast 2021-2026. Free report customization (equivalent up to 8 analyst’s working days) with purchase. Privacy Policy. 29 . 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. Pharmaceutical Market. Most of the large-scale drug manufacturers opt for in-house production because it allows the companies to have control over the private information associated with novel molecules. 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). 2020 to 2027. Pharmaceutical consumption. Besides, retail pharmacies undergo partnerships and collaboration models with health professionals and healthcare facilities in order to improve clinical outcomes and remain competitive with other businesses in the market for pharmaceutical manufacturing. The Global Pharmaceutical Grade Amino Acid Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 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 pharmaceutical manufacturing market is globally growing at a noteworthy CAGR of 12.8% during the forecast period 2021 to 2030. Similarly, in April 2020, Novo Nordisk A/S received approval for its oral diabetes drug Rybelsus from the European Commission in Europe. The need for packaging in the medical industry … The growing pharmaceutical industry most notably in several emerging economies including China, India, and Brazil on account of increasing population, rising disposable income, and growing focus on increasing … The report is a comprehensive study on global market analysis and insights. Expansion of in-house pharmaceutical manufacturing facilities by key firms also drives the segment growth. According to the estimates of the International Diabetes Federation, there were around 463.0 million adults with diabetes in 2019 and it is expected to rise to 700.0 million cases in 2045. 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. 0. A major factor hindering growth of the market is drug shortage. The Global Pharmaceutical Contract Development & Manufacturing Market is estimated to be USD 100 billion in 2020 and is expected to reach USD 142.2 billion by 2025 growing at a CAGR of 7.3%. Global Cloud Computing In Pharmaceutical Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2025 Category: #reports By Sachin Pashte Date: 2020-12-15 share 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. 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 . Pharmaceutical Market 2019 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2025 Share This Press Release April 29, 2019 /MarketersMedia/ — Global Pharmaceutical Market 2019 Industry Research Report is a professional and in-depth study on the current state of the Global Pharmaceutical industry. The pharmaceutical industry is growing at an unprecedented rate. Long-term care workers: formal sector. Global Pharmaceutical outsourcing Scope and Market Size Pharmaceutical outsourcing market is segmented by Type, and by Application. The global market for active pharmaceutical ingredients (APIs) should grow from $135.4 billion in 2020 to $173.3 billion by 2025, at a compound annual growth rate (CAGR) of … Several studies have reported that healthcare spending on cancer treatments has doubled in the last few years. In 2018, the global Pharmaceutical Logistics market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025. Please contact us to get started with full access to dossiers, forecasts, studies and international data.

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