The Business Research Company’s latest report Pharmaceutical Global Market Report 2020 covers Pharmaceutical market drivers, Pharmaceutical market trends, Pharmaceutical market segments, Pharmaceutical market growth rate, Pharmaceutical market major players, and Pharmaceutical market size. The report provides in-depth analysis of the impact of COVID-19 on the Pharmaceutical industry, along with revised market numbers due to the effects of the coronavirus.
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Pharmaceutical Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global pharmaceuticals market reached a value of nearly $1,217.1 billion in 2019, having increased at a compound annual growth rate (CAGR) of 6.7% since 2015. The market is expected to decline from $1,217.1 billion in 2019 to $1,209.6 billion in 2020 at a rate of -0.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8.5% from 2021 and reach $1,738.2 billion in 2023. The market is expected to reach $2,050.9 billion in 2025, and $3,206.3 billion in 2030.
The report covers the Pharmaceutical market’s segments-
1) By Type: Pharmaceutical Drugs, Biologics
2) By Type Of Pharmaceutical Drugs: 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 Diseases Drugs
3) By Type Of Biologics Drugs: Monoclonal Antibodies (MAbs), Therapeutic Proteins, Vaccines.
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