Global pharmaceutical market size 2020

As of end-2020, the total global pharmaceutical market was valued at about 1.27 trillion U.S. dollars.

1. How large is the pharmaceutical industry?
2. What is the current status of pharmaceutical industry at global level?
3. How much is the pharmaceutical industry worth 2019?
4. IS pharma the biggest industry?
5. Which country is the largest producer of medicines in the world 2020?
6. Which is the single largest market for pharmaceuticals in the world?
7. What is the size of the global pharmaceutical market in 2005?
8. What was the size of the global biotech market in 2005?

How large is the pharmaceutical industry?

By 2021, Big Pharma profits for prescription drugs are expected to reach $610 billion. Medical devices are also lucrative. The U.S. makes about $148 billion, according to the U.S. Department of Commerce. That's about half of the world's share of the market.

What is the current status of pharmaceutical industry at global level?

Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value. The domestic pharmaceutical industry includes a network of 3,000 drug companies and ~10,500 manufacturing units. India enjoys an important position in the global pharmaceuticals sector.

How much is the pharmaceutical industry worth 2019?

According to market research, the worldwide pharmaceutical market was worth nearly $1.3 trillion in 2019₁ and the top 10 pharma companies accounted for around a third of sales ($392.5 billion).

IS pharma the biggest industry?

The U.S. pharmaceutical industry is the largest in the world. The U.S. pharma industry is the largest in the world in drug development and production, revenue generation, advertising, global image, and acceptance.

Which country is the largest producer of medicines in the world 2020?

This article is part of Conversation Insights

For more than a decade now, China has been the largest producer of APIs in the world. The US, Europe and Japan produced 90% of the world's APIs until the mid-1990s.

Which is the single largest market for pharmaceuticals in the world?

The United States was the largest pharmaceutical market in 2020, generating roughly 46 percent of total revenues worldwide. China established itself as the second-largest market with a sales share of eight percent (altough the statistic shows the hospital market only for China).

What is the size of the global pharmaceutical market in 2005?

Global generic-drug spending was estimated at $234 billion in 2010, up from $124 billion in 2005.

What was the size of the global biotech market in 2005?

Overall, 2005 turned out to be an exceptional year: In terms of financings and partnering… bringing in a record $34 billion for US companies. billion was invested in the biotech sector in 2005…with all forms of funding finding takers.