Pharmaceuticals Market Overview Analysis, Developments And Future Plans

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Global Pharmaceuticals Market (Covid-19)
Analysis, Growth Strategies And Forecast To 2023
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Pharmaceuticals 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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Major Key Players Pfizer
Inc. F. Hoffmann-La Roche AG Novartis AG
Johnson Johnson GlaxoSmithKline Plc
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Table 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
• 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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