Pharmaceuticals Market Forecast Report 2032: Size, Share, and Strategic Insights by DelveInsight

DelveInsight's Pharmaceuticals Market Insights Report 2032 provides the current and forecast market analysis, individual leading Pharmaceuticals Companies market shares, challenges, Pharmaceuticals Market Drivers, barriers, trends, and key market Pharmaceuticals companies in the market.

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Key Takeaways from the Pharmaceuticals Market Report
• In July 2025, Sanofi announced the completion of its acquisition of Blueprint Medicines Corporation. This strategic acquisition expands Sanofi's portfolio by adding a commercialized medicine, a promising pipeline, and the expertise of Blueprint Medicines in treating systemic mastocytosis (SM), a rare immunological disorder, as well as other KIT-driven diseases.
• In July 2025, Regeneron Pharmaceutical, Inc. announced that the U.S. Food and Drug Administration (FDA) granted accelerated approval for LYNOZYFIC (linvoseltamab-gcpt). This treatment is indicated for adult patients with relapsed or refractory (R/R) multiple myeloma (MM) who have undergone at least four prior lines of therapy, including a proteasome inhibitor, an immunomodulatory agent, and an anti-CD38 monoclonal antibody.
• In July 2025, PTC Therapeutics, Inc. received U.S. FDA approval for SEPHIENCETM (sepiapterin) for the treatment PKU in both adults and children as young as one month old. The drug has been approved for the treatment of hyperphenylalaninemia (HPA) in patients responsive to sepiapterin, offering a new oral treatment option for this rare metabolic disorder.
• In July 2025, AstraZeneca announced a $50 billion U.S. investment through 2030, including new manufacturing and R&D facilities, aimed at bolstering its oncology and cardiovascular drug pipelines and targeting $80 billion in annual revenue by 2030.
• In July 2025, LEO Pharma, a global leader in medical dermatology, received U.S. FDA approval for ANZUPGO® (delgocitinib) cream (20 mg/g) for the topical treatment of moderate-to-severe chronic hand eczema (CHE) in adults.
• In July 2025, KalVista Pharmaceutical announced the FDA approval of EKTERLY® (sebetralstat), the first and only oral, on-demand treatment for hereditary angioedema (HAE).
• In June 2025, AstraZeneca announced a strategic research collaboration with China-based CSPC Pharmaceutical Group. This partnership aims to leverage AI-driven drug discovery to identify novel oral drug candidates targeting high-priority diseases across multiple therapeutic areas.
• In June 2025, the U.S. FDA approved Merck's ENFLONSIA (clesrovimab-cfor) for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease in infants during their first RSV season.
• In April 2025, Johnson & Johnson received FDA approval for IMAAVY (nipocalimab-aahu), a new FcRn blocker designed to provide long-lasting disease control in patients with generalized myasthenia gravis (gMG).
• In April 2025, Roche announced a commitment to invest USD 50 billion in pharmaceuticals within the United States over the next five years. This substantial investment will support the development of new state-of-the-art research and development (R&D) centers, as well as the establishment and expansion of manufacturing facilities across Indiana, Pennsylvania, Massachusetts, and California.
• The global Pharmaceuticals Market was valued at USD 1,473 billion in 2024, growing at a CAGR of 6.54% during the forecast period from 2025 to 2032 to reach USD 2,435.53 billion by 2032
• North America is projected to hold the largest share of the Pharmaceuticals market in 2024, driven by several key factors.
• The leading Pharmaceuticals Companies such as Pfizer Inc., Johnson & Johnson Services, Inc., F. Hoffmann-La Roche Ltd., Merck & Co., Inc., AbbVie, Inc., Sanofi, AstraZeneca, Novartis AG, Bristol-Myers Squibb Company, GSK plc, Eli Lilly and Company, Gilead Sciences, Inc., Takeda Pharmaceutical Company Limited, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Amgen Inc., Boehringer Ingelheim International GmbH, Viatris Inc., Bayer AG, Regeneron Pharmaceutical Inc., Astellas Pharma Inc., and others.

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Pharmaceuticals Market Dynamics
According to GLOBOCAN (2023), in 2022, approximately 20 million new cancer cases were reported, with this number projected to rise to 32.6 million by 2045 around the world. As per the data from the World Health Organization (2024), in the WHO Eastern Mediterranean Region, over 788,000 cancer diagnoses were recorded in 2022. This figure is anticipated to double to approximately 1.57 million cases by 2045. Rising cancer cases increase demand for innovative oncology drugs, driving pharmaceutical market growth. For example, the success of immunotherapies like Merck's Keytruda, which targets multiple cancer types, has significantly boosted sales and spurred further R&D investment in cancer treatments.

Pharmaceuticals Market Segmentation Analysis
Pharmaceutical Market by Modality Type (Small Molecule and Biologics [Monoclonal Antibodies, Antibody Drug Conjugates, Peptide Drug Conjugates, Nucleic Acid Medicines, Vaccines, and Others]), Product Type (Branded and Generic), Drug Type (Prescription Drugs and Over-the-Counter (OTC) Drugs), Formulation (Solid Dosage Forms, Semi-solid Dosage Forms, and Liquid Dosage Forms), Route of Administration (Oral, Parenteral, and Others), Therapy Area (Oncology, Cardiology, Neurology, Immunology, Endocrinology, Infectious Disease, and Others), Distribution Channel (Hospital & Retail Pharmacies and Online Pharmacies), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

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Pharmaceuticals Companies
Pfizer Inc., Johnson & Johnson Services, Inc., F. Hoffmann-La Roche Ltd., Merck & Co., Inc., AbbVie, Inc., Sanofi, AstraZeneca, Novartis AG, Bristol-Myers Squibb Company, GSK plc, Eli Lilly and Company, Gilead Sciences, Inc., Takeda Pharmaceutical Company Limited, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Amgen Inc., Boehringer Ingelheim International GmbH, Viatris Inc., Bayer AG, Regeneron Pharmaceutical Inc., Astellas Pharma Inc., and others.

Pharmaceuticals Market Drivers
The growth of the pharmaceutical market is primarily driven by the rising demand for medications due to the increasing prevalence of various acute and chronic diseases, including cancer, cardiovascular disorders, neurological conditions, and diabetes. There is also a growing demand for biologic drugs, such as monoclonal antibodies, which offer targeted and effective treatment options. Additionally, increased investments and continuous innovations in pharmaceutical research and development are further propelling market expansion. Moreover, the surge in drug development activities among biotech companies and pharmaceutical firms is contributing significantly to this growth. Together, these trends are creating a favorable environment for sustained growth, positioning the pharmaceutical market for robust and consistent expansion throughout the forecast period from 2025 to 2032.

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Scope of the Pharmaceuticals Market Report
• Coverage- Global
• Forecast Period- 2025-2032
• Pharmaceuticals Companies- Pfizer Inc., Johnson & Johnson Services, Inc., F. Hoffmann-La Roche Ltd., Merck & Co., Inc., AbbVie, Inc., Sanofi, AstraZeneca, Novartis AG, Bristol-Myers Squibb Company, GSK plc, Eli Lilly and Company, Gilead Sciences, Inc., Takeda Pharmaceutical Company Limited, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Amgen Inc., Boehringer Ingelheim International GmbH, Viatris Inc., Bayer AG, Regeneron Pharmaceutical Inc., Astellas Pharma Inc., and others.

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Table of Contents
1. Pharmaceuticals Market Report Introduction
2. Pharmaceuticals Market Executive Summary
3. Competitive Landscape
4. Regulatory Analysis
5. Pharmaceuticals Market Key Factors Analysis
6. Pharmaceuticals Market Porter's Five Forces Analysis
7. Pharmaceuticals Market Assessment
8. Pharmaceuticals Market Company and Product Profiles
9. KOL Views
10. Project Approach
11. About DelveInsight
12. Disclaimer & Contact Us

About Us

DelveInsight is a leading healthcare-focused market research and consulting firm that provides clients with high-quality market intelligence and analysis to support informed business decisions. With a team of experienced industry experts and a deep understanding of the life sciences and healthcare sectors, we offer customized research solutions and insights to clients across the globe. Connect with us to get high-quality, accurate, and real-time intelligence to stay ahead of the growth curve.

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