Press release
Prescription Drug Market to Reach USD 1892.9 Bn by 2029, emerging at a CAGR of 9 percent and forecast 2023-2029
Prescription Drug Market
This report comprehensively examines the dynamics within the global Prescription Drug market, covering drivers, restraints, and key growth factors, including the increasing prevalence of chronic diseases and the global rise in cardiovascular diseases.
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Prescription Drug Market Research Methodology:
A robust research methodology has been employed to transform complex data into accessible insights, making it reader-friendly. The report also includes a dedicated study of key players in the industry, encompassing market leaders, followers, and emerging companies.
What are Prescription Drug Market Dynamics:
One significant trend in the prescription drug market is the substantial increase in R&D investments by major corporations to develop innovative drugs. This trend is primarily driven by the growing global incidence of various chronic diseases, which are often challenging to treat, spurring the need for effective clinical outcomes. As a result, leading pharmaceutical companies are intensively engaging in clinical trials to develop and gain approval for new drugs, often targeting the treatment of rare diseases, further propelling market growth.
Another critical driver is the growing demand for generic drugs, particularly in developed nations like the United States. The popularity of these cost-effective generic alternatives, which deliver similar effectiveness as brand-name drugs, has risen significantly. Patients often opt for these more affordable drugs due to financial constraints, leading to positive clinical outcomes compared to pricier prescription treatments.
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What is Prescription Drug Market Segmentation:
by Type
Generics
Orphan
Other Prescription Drugs
by Therapy
Oncology
Anti-diabetics
Vaccines
Sensory Organs
Others
by Distribution Channels
Hospital Pharmacies
Retail Pharmacies & Drug Stores
Online Pharmacies
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Who are Prescription Drug Market Key Players:
1. F. Hoffmann-La Roche Ltd.
2. Mylan N.V.
3. Teva Pharmaceutical Industries Ltd.
4. Sanofi
5. Pfizer Inc.
6. GlaxoSmithKline plc
7. Novartis AG
8. Merck & Co., Inc.
9. Allergan
10.AstraZeneca
11.Johnson & Johnson Private Limited
12.Hikma Pharmaceuticals PLC
13.Bristol-Myers Squibb Company
14.Bayer AG
15.Boehringer Ingelheim International GmbH.
16.Dr. 'Reddy's Laboratories Ltd.
17.Gilead Sciences, Inc.
18.Amgen Inc.
19.Eli Lilly and Company
20.AbbVie Inc.
21.Lupin
22.Allergan
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Table of content for the Prescription Drug Market includes:
Prescription Drug Market : Research Methodology
Prescription Drug Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Prescription Drug Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Prescription Drug Market Regional Insights:
In 2022, the North America region held the largest share of the prescription drug market, contributing to 40% of the market. North America is expected to maintain its dominance with significant growth at a CAGR of 8.4% through the forecast period. The market in North America is driven by the increasing need for disease-specific treatments and rising healthcare costs. The presence of major players and the adoption of new technologies are also expected to further boost market growth in this region.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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