Global Pharmaceuticals Market Report 2021: Market is Expected to Grow from $1228.45 Billion in 2020 to $1250.24 Billion in 2021 - Long-term Forecast to 2025 & 2030

Dublin, March 31, 2021 (GLOBE NEWSWIRE) -- The "Pharmaceuticals Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to's offering.

Pharmaceuticals Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global pharmaceuticals market as it emerges from the COVID-19 shut down.

The global pharmaceuticals market is expected to grow from $1228.45 billion in 2020 to $1250.24 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%.

Major companies in the pharmaceuticals market include Pfizer; F. Hoffmann-La Roche Ltd; Sanofi; Johnson & Johnson and Merck & Co.

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1700.97 billion in 2025 at a CAGR of 8%.

The pharmaceuticals market consists of sales of pharmaceuticals and related services by entities (organizations, sole traders and partnerships) that produce pharmaceuticals used in treating diseases. Pharmaceuticals can be any type of drugs that are used for medicinal purposes, in the treatment of diseases. This industry includes establishments that produce biologics and pharmaceutical drugs. The pharmaceuticals market is segmented into pharmaceutical drugs; and biologics.

North America was the largest region in the global pharmaceuticals market, accounting for 46% of the market in 2020. Asia Pacific was the second largest region accounting for 26% of the global pharmaceuticals market. Africa was the smallest region in the global pharmaceuticals market.

Pharmaceutical companies are offering drugs for customized individual treatment for various diseases. Personalized medicine, also referred to as precision medicine, aims to provide medical care according to the patient's individual characteristics and genetic makeup. Precision therapies are increasingly being adopted as firms increasingly let go of the one-size-fits-all model for common medical conditions. Major companies such as GSK, Teva Pharmaceuticals and AstraZeneca are investing in development of personalized medicines.

The biologics market growth was limited due to severe shortage of skilled workforce for developing biologics drugs which require specialized skillsets. These skillsets are limited to some research organizations and medical equipment companies in the USA and Europe.

As of 2018, 40% of the biopharma industry was facing difficulties in hiring for process development staff due to shortage of talent. This shortage led to rise in competition and salaries for the limited talent pool available for biologics manufacturing, thereby limiting growth of the market during the historic period.

The population profile of most countries is becoming older. According to the Population Reference Bureau, the share of population over the age of 65 in the global population increased from 8% in 2015 to 9% in 2019. The global population aged 65 years or over was 703 million in 2019.

This rise in the aging population increased the patient pool of many chronic diseases such as rheumatoid arthritis, hypertension, diabetes and cancer. The increase in the patient pool drove the demand for pharmaceuticals used in the treatment of these diseases, significantly impacting market growth during this period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Pharmaceuticals Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Pharmaceuticals Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Pharmaceuticals Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Pharmaceuticals Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Pharmaceuticals Market Trends and Strategies

8. Impact of COVID-19 on Pharmaceuticals

9. Pharmaceuticals Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)

10. Pharmaceuticals Market Regional Analysis
10.1. Global Pharmaceuticals Market, 2020, by Region, Value ($ Billion)
10.2. Global Pharmaceuticals Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Pharmaceuticals Market, Growth and Market Share Comparison, by Region

11. Pharmaceuticals Market Segmentation
11.1. Global Pharmaceuticals Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Pharmaceutical Drugs
  • Biologics

11.2. Global Pharmaceuticals Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Hospital Pharmacies
  • Retail Pharmacies/ Drug Stores
  • Others

11.3. Global Pharmaceuticals Market, Segmentation by Route of Administration, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Oral
  • Parenteral
  • Others

11.4. Global Pharmaceuticals Market, Segmentation by Drug Classification, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Branded Drugs
  • Generic Drugs

11.5. Global Pharmaceuticals Market, Segmentation by Mode of Purchase, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Prescription-Based Drugs
  • Over-The-Counter Drugs

12. Pharmaceuticals Market Segments
12.1. Global Pharmaceutical Drugs Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Cardiovascular Drugs; Dermatology Drugs; Gastrointestinal Drugs; Genito-Urinary Drugs; Hematology Drugs; Anti-Infective Drugs; Metabolic Disorders Drugs; Musculoskeletal Disorders Drugs; Central Nervous System Drugs; Oncology Drugs; Ophthalmology Drugs; Respiratory Diseases Drugs
12.2. Global Biologics Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Monoclonal Antibodies (MAbS); Therapeutic Proteins; Vaccines

13. Pharmaceuticals Market Metrics
13.1. Pharmaceuticals Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Pharmaceuticals Market Expenditure, 2015-2025, Global

Companies Mentioned

  • Pfizer
  • F. Hoffmann-La Roche Ltd
  • Sanofi
  • Johnson & Johnson
  • Merck & Co.

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