Pharmaceuticals are substances used in the diagnosis, treatment, or prevention of disease and for restoring, correcting, or modifying organic functions. According to market research study published by Gen Consulting Company, the global pharmaceuticals market stood at around USD 1,345 billion in 2021 and is projected to rise to a worth of USD 1,855 billion by 2028 end, thereby garnering a CAGR of 4.7% during 2022-2028.
This industry report offers market estimates of the global market, followed by a detailed analysis of the product, therapeutic area, and region. The global market data on pharmaceuticals can be segmented by product: biologic drugs, small molecule drugs. The small molecule drugs segment held the largest revenue share in 2021. Pharmaceuticals market is further segmented by therapeutic area: antidiabetic drugs, antirheumatic drugs, antiviral drugs, dermatological drugs, immunosuppressants, oncology drugs, vaccines, others. Based on region, the pharmaceuticals market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 4.7% |
| Pages | 23 |
| Key Players | AbbVie Inc., Amgen Inc., AstraZeneca plc, Bayer AG, Biogen Inc., Bristol Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche AG, Gilead Sciences Inc., GlaxoSmithKline plc, Johnson & Johnson, Merck & Co. Inc., Novartis International AG, Pfizer Inc., Sanofi S.A. |
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