Unveiling the Lucrative Opportunities in the Mid-Size Pharmaceuticals Market || Baxter International Inc., Teva Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Mid-Size Pharmaceuticals Global Market Report 2023 identifies increased prevalence of chronic diseases is the major driver for the mid-size pharmaceuticals market's growth in the forecast period. Chronic diseases, also known as non-communicable diseases, are long-term medical conditions that require ongoing management and treatment which leads to high demand for medications. Mass spectrometry techniques are used for the identification, quantification, and analysis of biomarkers and metabolites associated with chronic diseases. A rise in the prevalence of chronic diseases will contribute to the growth of the mid-size pharmaceuticals market. For instance, in January 2023, according to the National Library of Medicine, a US-based biomedical library, there will be 142.66 million people aged 50 and older in 2050 who have at least one chronic disease, up from 71.522 million in 2020, a 99.5% rise.

The global mid-size pharmaceuticals market size is expected to grow from $632.95 billion in 2022 to $678.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of mid-size pharmaceuticals market is expected to reach $875.29 billion in 2027 at a CAGR of 6.5%.

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Major competitors in the mid-size pharmaceuticals market are Baxter International Inc., Teva Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co Ltd., Arkema Inc., Astellas Pharma Inc., Daiichi Sankyo Co. Ltd., Alexion Pharmaceuticals Inc., UCB S.A., Sun Pharmaceutical Industries Ltd., Eisai Co. Ltd., Wuxi AppTec co. Ltd.

A key trend in the mid-size pharmaceuticals market includes technology advancements. Major companies operating in the mid-size pharmaceuticals market are using technology to sustain their position in the market. For Instance, In May 2023, Google Cloud, offered by Google, a US-based suite of cloud computing services, launched A.I.-powered tools to accelerate drug discovery and precision medicine. One instrument, the Target and Lead Identification Suite assists businesses in foreseeing and comprehending protein structure, a crucial aspect of drug research.

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The mid-size pharmaceuticals market is segmented -

• By Drug Development Type: In-House, Outsource

• By Type: Prescription, Over the Counter

• By Formulation: Tablets, Capsules, Injectables, Sprays, Other Formulations

• By Application: Cardiovascular Diseases, Pain Management, Diabetes, Cancer, Other Conditions

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the mid-size pharmaceutical market.

The Business Research Company's "Global Mid-Size Pharmaceuticals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Mid-Size Pharmaceuticals Market Include:
1. Executive Summary
2. Mid-Size Pharmaceuticals Market Characteristics
3. Mid-Size Pharmaceuticals Market Trends And Strategies
4. Mid-Size Pharmaceuticals Market - Macro Economic Scenario
5. Mid-Size Pharmaceuticals Market Size And Growth
……………
27. Mid-Size Pharmaceuticals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mid-Size Pharmaceuticals Market
29. Mid-Size Pharmaceuticals Market Future Outlook And Potential Analysis
30. Appendix

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