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Pharmaceutical Drugs Market Growing Massively by 2021-2030 Major Players: Novartis AG, Sanofi S.A., Pfizer Inc., Gilead Sciences, Inc.

12-16-2021 12:29 PM CET | Health & Medicine

Press release from: Market Insights Reports

The Global Pharmaceutical Drugs Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Pharmaceutical Drugs market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global pharmaceutical drugs market reached a value of nearly $975,038.7 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.8% since 2015. The market is expected to grow from $975,038.7 million in 2020 to $1,280,416.6 million in 2025 at a rate of 5.6%. The growth is mainly due to the increasing prevalence of chronic diseases which is expected to drive the demand for pharmaceutical drugs. The market is expected to grow from $1,280,416.6 million in 2025 to $1,699,341.3 million in 2030 at a CAGR of 5.8%.

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Top Companies in the Global Pharmaceutical Drugs Market: Novartis AG; Sanofi S.A.; Pfizer Inc.; Gilead Sciences, Inc.; Johnson & Johnson

Market Overview:

The top opportunities in the pharmaceutical drugs market segmented by type will arise in the metabolic disorders drugs segment, which will gain $54,907.0 million of global annual sales by 2025.The top opportunities in the pharmaceutical drugs market segmented by distribution channel will arise in the retail pharmacies/drug stores segment, which will gain $135,011.4 million of global annual sales by 2025. The top opportunities in the pharmaceutical drugs market segmented by route of administration will arise in the oral segment, which will gain $216,564.0 million of global annual sales by 2025. The top opportunities in the pharmaceutical drugs market segmented by drug classification will arise in the generic segment, which will gain $156,523.2 million in global annual sales by 2025. The top opportunities in the pharmaceutical drugs market segmented by mode of purchase will arise in the prescription segment, which will gain $240,240.2 million of global annual sales by 2025. The pharmaceutical drugs market size will gain the most in the USA at $96,825.0 million.

Market-trend-based strategies for the pharmaceutical drugs market include should invest in wearable technology, biomarkers in pharmaceutical development, modify existing drugs, invest in drug pipeline, use of 3D printing for drug manufacturing and focus on establishing collaborations with research institutions and established companies. Player-adopted strategies in the pharmaceutical drugs market includes acquiring emerging technological companies, expanding brand portfolios through new product launches and expanding business operations in other regions.

Segmentation:

Markets Covered: 1) By Type: Cardiovascular Drugs; Dermatology Drugs; Gastrointestinal Drugs; Genito-Urinary Drugs; Hematology Drugs; Anti-Infective Drugs; Metabolic Disorder Drugs; Musculoskeletal Disorder Drugs; Central Nervous System Drugs; Oncology Drugs; Ophthalmology Drugs; Respiratory Disease Drugs
2) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies/ Drug Stores; Others
3) By Route Of Administration: Oral; Intravenous; Others
4) By Drug Classification: Branded Drugs; Generic Drugs
5) By Mode Of Purchase: Over The Counter (OTC) Drugs; Prescription Drugs

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America was the largest region in the global pharmaceutical drugs market, accounting for 44.2% of the total in 2020. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the pharmaceutical drugs market will be the South America and Africa where growth will be at CAGRs of 9.1% and 8.2% respectively during 2020-2025. These will be followed by Middle East and Asia Pacific, where the markets are expected to grow at CAGRs of 8.1% and 6.8% respectively.

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Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Pharmaceutical Drugs market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Pharmaceutical Drugs market.

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About Us

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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