Size and composition of the pharmaceutical market

Size and composition of the pharmaceutical market

The pharmaceutical market is a large and diverse industry that includes a wide range of companies and products. The size and composition of the market can be analyzed in various ways, including by market segment, geographic region, and product type. Here are some key details on the size and composition of the pharmaceutical market:

Size:

• The global pharmaceutical market was valued at over $1.3 trillion in 2020, and is projected to reach over $1.5 trillion by 2025.
• The United States is the largest pharmaceutical market, accounting for around 45% of the global market share.
• Emerging markets such as China, India, and Brazil are expected to experience strong growth in the coming years due to rising populations and increased access to healthcare.

Composition:

• The pharmaceutical market includes a wide range of products, including prescription drugs, over-the-counter (OTC) medications, vaccines, and biologics.
• Within the prescription drug market, the largest therapeutic categories include oncology, diabetes, and immunology.
• Generic drugs account for a significant portion of the pharmaceutical market, representing around 70% of total prescriptions filled in the United States.
• The market is highly concentrated, with a few large companies dominating the industry. The top 10 pharmaceutical companies account for around 30% of the global market share.
• The pharmaceutical industry also includes a number of supporting businesses, such as contract research organizations (CROs), contract manufacturing organizations (CMOs), and drug wholesalers.

In summary, the pharmaceutical market is a large and complex industry that is expected to continue to grow in the coming years. The market is highly diversified and includes a wide range of products and companies. Understanding the size and composition of the market can help companies develop effective strategies for competing and succeeding in this highly competitive industry.

Final Year B Pharm Notes, Syllabus, Books, PDF Subjectwise/Topicwise

Final Year B Pharm Sem VII	BP701T Instrumental Methods of Analysis Theory
BP702T Industrial Pharmacy Theory	BP703T Pharmacy Practice Theory
BP704T Novel Drug Delivery System Theory	BP705 P Instrumental Methods of Analysis Practical
Final Year B Pharm Sem VII	BP801T Biostatistics and Research Methodology Theory
BP802T Social and Preventive Pharmacy Theory	BP803ET Pharmaceutical Marketing Theory
BP804ET Pharmaceutical Regulatory Science Theory	BP805ET Pharmacovigilance Theory
BP806ET Quality Control and Standardization of Herbals Theory	BP807ET Computer-Aided Drug Design Theory
BP808ET Cell and Molecular Biology Theory	BP809ET Cosmetic Science Theory
BP810ET Experimental Pharmacology Theory	BP811ET Advanced Instrumentation Techniques Theory
BP812ET Dietary supplements and Nutraceuticals	Pharmaceutical Product Development

Suggested readings:

• 803ET. Pharma Marketing Management
• Quantitative and qualitative aspects of Pharmaceutical market
• Pharmaceutical Industry – A Valuable contributor to Our Country’s Health Care System
• Unit 1 Pharma Marketing Management notes, books, PDF, Downloads
• Use of microorganism in industry