Title: Pharmaceuticals Market Overview Analysis, Developments And Future Plans
1Global Pharmaceuticals Market (Covid-19)
Analysis, Growth Strategies And Forecast To 2023
2Pharmaceuticals Market Characteristics
- The global pharmaceuticals market is expected to
decline from 1217.1 billion in 2019 to 1209.6
billion in 2020 at a compound annual growth rate
(CAGR) of -0.7. The decline is mainly due to the
COVID-19 pandemic that has affected industries
across the globe including the pharmaceutical
sector. Although there has been huge demand for
certain drugs (antivirals, antibiotics,
respiratory drugs, anti-diabetic drugs), the
restrictions on non-essential medical services,
drug shortages due to slowed production of
biologics and pharmaceuticals because of extended
factory closures in various countries, shortage
of APIs and other chemicals, and rise in prices
of key ingredients have been the roadblocks
obstructing its growth. The market is then
expected to recover and grow at a CAGR of 9 from
2021 and reach 1738.3 billion in 2023. - Early Rx-to-OTC switch, or switching the product
from prescription to non-prescription status, is
a key trend in the dermatology drugs market.
Traditionally, the Rx-to-OTC status conversion
usually took place at a time nearing the patent
expiry or after. However, forward-thinking
companies are now looking at switching from
Rx-to-OTC well in advance of the patent expiry of
the drug. This helps the manufacturer to
capitalize on the market opportunities for the
product. Early Rx-to-OTC switching also provides
an additional benefit as a way to recover all the
expenses incurred on the product by the company.
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3Major Key Players Pfizer
Inc. F. Hoffmann-La Roche AG Novartis AG
Johnson Johnson GlaxoSmithKline Plc
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4Table Of Content
- 1. Pharmaceuticals Market Executive Summary
- 2. Table of Contents
- 3. List of Figures
- 4. List of Tables
- 5. Report Structure
- 6. Introduction
- 7. Pharmaceuticals Market Characteristics
- 8. Pharmaceuticals Market, Supply Chain Analysis
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- 25. Global Pharmaceuticals Market Competitive
Landscape - 26. Key Mergers And Acquisitions In The
Pharmaceuticals Market - 27. Pharmaceuticals Market Opportunities And
Strategies - 28. Pharmaceuticals Market, Conclusions And
Recommendations - 29. Appendix
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