Global pharma market is expected to be worth USD 1.57 trillion by 2023 as per "Global Pharmaceuticals Industry Analysis and Trends 2023 [1]" report by NAVADHI Market Research.
This blog post covers a brief analysis of Global pharma industry in following sections:
Forecast of Global Pharma Industry
Growth Drivers and Inhibitors
Industry Value Chain Analysis
Pharma Industry R&D Phases
Industry Wise R&D Investment
Phase Wise R&D Investment
Pharmaceuticals Industry Trends
1. Forecast of Global Pharma Industry
North America is expected to retain it’s leading position in the global pharma market with market share of 45.33% in 2023 improving on it’s market share compared to 2017. Europe on the contrary is expected to see a decline in it’s market share compared to 2017 and be worth 20.24% of global pharma industry in 2023. Asia Pacific pharma market is expected to retain it’s second position with a market share of 24.07% in 2023. Latin America and Middle East and Africa (MEA) are expected to retain 7.53% and 2.96% market share of global pharma market in 2023.
Global Pharma Industry Analysis and Trends 2023
Global pharma market is expected to be worth USD 1.57 tn by 2023.
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