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Market Size India's domestic pharmaceutical market is estimated at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030. India's biotechnology industry comprises biopharmaceuticals, bio-services, bio-agriculture, bio-industry, and bioinformatics.
- What is the size of the pharmaceutical industry?
- How big is the pharmaceutical industry in 2020?
- How big is the US pharmaceutical market?
- How large is the pharmaceutical industry worldwide?
- Which is the single largest market for pharmaceuticals in the world?
- Which country is the largest producer of pharmaceuticals?
- How concentrated is the pharmaceutical industry?
- How profitable is the pharmaceutical industry in the US?
- What is the biggest pharmaceutical company in the United States?
- IS pharma a mature industry?
- What is the expected size of world pharmaceutical market in 2014?
- Is pharmaceutical industry profitable?
What is the size of the pharmaceutical industry?
The global pharmaceutical manufacturing market size was estimated at USD 405.52 billion in 2020 and is expected to reach USD 486.62 billion in 2021.
How big is the pharmaceutical industry in 2020?
As of end-2020, the total global pharmaceutical market was valued at about 1.27 trillion U.S. dollars. This is a significant increase from 2001 when the market was valued at just 390 billion U.S. dollars. The pharmaceutical market plays a key role in how people get medications and what people pay for medication.
How big is the US pharmaceutical market?
2. The U.S. represents the biggest market for pharmaceutical products in the world. The United States in 2018 was the largest pharmaceutical market, generating about $484.8 billion which represented 40.4% of the $1.2 trillion generated worldwide.
How large is the pharmaceutical industry worldwide?
Size and structure of the industry
Pharmaceutical sales in Canada have a 2.1% share of the global market, making Canada the 9th largest world market. Since 2015, compound annual growth has remained positive at 5.1% ( IQVIA Pharmafocus 2024 ).
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).
Which country is the largest producer of pharmaceuticals?
For more than a decade now, China has been the largest producer of APIs in the world.
How concentrated is the pharmaceutical industry?
The market share concentration within the brand name pharmaceutical manufacturing industry is categorized as medium (moderate level of market share) (Oliver, 2017).
How profitable is the pharmaceutical industry in the US?
From 2000 to 2018, 35 large pharmaceutical companies reported cumulative revenue of $11.5 trillion, gross profit of $8.6 trillion, EBITDA of $3.7 trillion, and net income of $1.9 trillion, while 357 S&P 500 companies reported cumulative revenue of $130.5 trillion, gross profit of $42.1 trillion, EBITDA of $22.8 ...
What is the biggest pharmaceutical company in the United States?
Based on revenues latest available as of 2021, Johnson & Johnson was the leading pharmaceutical company in the United States. The firm annually generates over 81 billion U.S. dollars worldwide, which is almost 40 billion U.S. dollars more than the next ranked U.S. pharmaceutical company, Pfizer.
IS pharma a mature industry?
Many of the developments in the pharmaceutical industry mirror those in the automotive sector. Like pharmaceuticals, the industry is relatively mature and made up of a few major players.
What is the expected size of world pharmaceutical market in 2014?
The global pharmaceutical market is expected to reach $1 trillion by 2014 and nearly $1.1 trillion by 2015, according to the IMS Institute for Healthcare Informatics.
Is pharmaceutical industry profitable?
Sun pharma was the leading pharmaceutical company in India as of May 2021 with a net profit of almost 32 billion Indian rupees. Cipla and Dr Reddys labs came second and third respectively with net profits of around 24 and 21 billion rupees respectively during the stated time period.
