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Pharmaceuticals

World Pharmaceutical Market  

Report Code: PHM037A, Published: April 2004

 

Click here for an updated version:  PHM037B

 
 

REPORT HIGHLIGHTS

  • The world pharmaceutical industry stood at $592 billion in 2003, or 24% of the healthcare sector. Rising at an average annual growth rate (AAGR) of 8.8%, this market is expected to reach $938 billion in 2008.
  • Ethical pharmaceuticals account for 74% of the market. This sector is under increasing pressure from generics and biopharmaceuticals.
  • The generic industry is expected to increase its penetration in the world market to 7% by 2008, reaching $64 billion.
  • Ten geographical markets account for 70% of the ethical sector.
  • Biopharmaceuticals are growing at double the rate of the ethical sector.

Report Code: PHM037A, Published: April 2004, Analyst: Mehta Meghna

 
 

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