市場調查報告書
商品編碼
1532132
醫藥市場:依分子類型、依產品、依類型、依給藥途徑、依劑型、依年齡組、依疾病類型、依地區、機會、預測,2017-2031Pharmaceutical Market Assessment, By Molecule Type, By Product, By Type, By Route of Administration, By Dosage Form, By Age-Group, By Disease Type, By Region, Opportunities and Forecast, 2017-2031F |
2024-2031年預測期間,全球醫藥市場規模將以年複合成長率6.52%擴大,從2023年的16,070億美元成長到2031年的2,663,580百萬美元。由於疾病負擔增加、老年人口增加以及政府為提高人們獲得藥品的機會而採取的舉措的影響,預計該市場在預測期內將以更高的速度成長。
藥品在醫療保健領域發揮著極其重要的作用,對整個護理流程產生重大影響。隨著醫療保健和製藥行業的不斷進步,疾病負擔的增加和隨之而來的藥品需求的膨脹是市場的主要驅動力。監管部門的批准和專利狀況決定了特定藥物的市場狀況。由於人口變化、技術進步以及全球對醫療保健解決方案的需求不斷成長,預計製藥市場將繼續成長。隨著新興市場地位的增強,全球醫藥市場的動態預計將發生變化,為產業參與者帶來挑戰和機會。例如,美國食品藥物管理局(USFDA)在2021年至2023年期間批准了142個新藥,其中2021年有50個藥物,2022年有37個藥物,2023年有55個藥物已獲得批准並上市。
本報告調查了全球藥品市場並提供了市場概況,包括依產品、類型、給藥途徑、劑型、年齡組、疾病類型、地區和市場進入的趨勢。
Global pharmaceutical market is projected to witness a CAGR of 6.52% during the forecast period 2024-2031, growing from USD 1607 billion in 2023 to USD 2663.58 billion in 2031. Under the influence of inflating disease burden, growing geriatric population, and government efforts to enhance pharmaceutical access for people, the market is anticipated to thrive further at a higher momentum during the forecast period.
Pharmaceutical products play a pivotal role in the healthcare sector and drive a major impact on the entire process of caregiving. With growing advancements in healthcare and pharma industry, rising disease burden and subsequent inflation in demand for pharmaceutical products are some of the major driving forces of the market. Regulatory approvals and patent landscape determine the market status of a particular drug. The pharmaceutical market is up for continued growth, driven by demographic changes, technological advancements, and the increasing global demand for healthcare solutions. As emerging markets strengthen their positions, the dynamics of the global pharmaceutical landscape will evolve, presenting both challenges and opportunities for industry stakeholders. The new drug launches keep this market active, for instance, the United States Food and Drug Association (USFDA) approved 142 novel drugs between 2021-2023, out of which 50 drugs were approved and launched in 2021, 37 drugs in 2022, and 55 drugs in 2023.
Rising Burden of Global Disease to Increase the Global Pharmaceutical Market Size
The global disease burden has been on rise from last few decades and is anticipated to keep rising in future due to changes in lifestyle and growing global population. The demand is mainly driven by the need for effective treatments, pharmaceutical innovation, and global health initiatives aimed at addressing health disparities across countries. The strategic use of global disease burden case can be useful for pipeline investment tool and take advantage of market opportunity in the forecast period. The National Institute of Health (NIH) projects a 99.5% (95.1%-107.9%) increase in the number of adults 50 years of age and older with at least one chronic illness by 2050, from 71.522 million (69.065-73.781) in 2020 to 142.66 million (134.74-153.39). An estimated 48 million people (or 47% of deaths globally) are expected to die from severe health-related suffering by 2060, an 87% increase from 26 million in 2016. It is anticipated that 83% of these deaths will occur in low and middle-income countries.
Government Support to Boost Pharmaceutical Market
Governments across the globe are actively boosting their pharmaceutical sectors through various initiatives such as increased investments in research and development (R&D), improving regulatory frameworks to ease the conduct of businesses, and implementing production-linked incentive schemes to boost the manufacturing and supply chains. Initiatives in major pharmaceutical producing countries like India's focus on improving healthcare access and affordability is expected to add to the market growth. India's National Policy on Research and Development aim to foster collaboration between industry and academia, and programs such as Ayushman Bharat and Pradhan Mantri Bhartiya Janaushadhi Pariyojana promote the pharmaceutical market. Similarly, the United States government, is working on multiple fronts through USFDA, NIH, and other organizations to enhance the pharmaceutical availability, while European governments working on subsidies, fundings, and enhancing supply chain.
Dominance of Branded Drugs in the Pharmaceutical Market
The branded drugs segment is anticipated to contribute with larger market share in pharmaceutical market due to inflated cost and high demand. Branded drugs are highly specialized and are covered by patents to be exclusive to only a single manufacturer, which significantly inflates the market price for branded drugs. The branded drugs become generic and open to other market players for production and marketing after the expiry of patents on it, and generic drugs are comparatively much cheaper due to competition in the market. The newly launched drugs add more share to this segment and robust pipeline of innovative drugs from various market players is anticipated further to increase the market share of branded drug segment. For instance, USFDA approved 23 drugs till July 2024 and around 430 clinical trials are in third phase which are expected to be completed in 2024, resulting into launch of more drugs.
North America Dominates Pharmaceutical Market Share
North America is anticipated to demonstrate dominance in the global pharmaceutical market, owing to enhanced access to high-value medications, extensive awareness about healthcare, high per-capita healthcare expenditure, and firm gross domestic product (GDP) condition of North American countries like the United States and Canada. High reliance on prescription drugs, and strict regulatory policy impact the market in the region. Strategic partnerships among market players in the region contribute to the dominance of the region. For instance, in 2024, Isomorphic Labs announced strategic collaborations with two major pharmaceutical companies, Eli Lilly and Novartis, which could be valued at nearly USD 3 billion, excluding potential royalties from future drug sales. These partnerships are focused on multi-target drug development involving small molecules and feature a combination of upfront and milestone payments, highlighting Isomorphic's innovative approach to drug design and its progress in the pharmaceutical industry.
Future Market Scenario (2024 - 2031F)
Government and regulatory attempts across the countries to reduce the cost of drugs is anticipated to bring a major disruption in the market. These attempts include reducing drug companies' exclusivity window, policy reforms to control drug costs, and forming stricter regulatory policies.
Demographic shift in various countries such as Japan, Spain, Switzerland, and others is anticipated to impact the demand of specific type of drugs in the forecast period. Meanwhile, economic imbalance is expected to further define the future market scenario.
Key Players Landscape and Outlook
The pharmaceutical market is quite competitive with a huge number of players at local levels. Regulatory approvals of company products, mergers and acquisitions, and collaborations are the most common market strategies which have been observed in recent times. In July 2024, Mankind Pharma acquired Bharat Serums and Vaccines Limited (BSV) in a deal worth USD 1.64 billion. The acquisition will expand the domestic pharma business and its specialty pharma portfolio. BSV is the major vaccine developer in India and has R&D facilities in other countries such as Ukraine, Germany, Malaysia, and Philippines. The acquisition will place Mankind Pharma as a market leader in women's health and fertility segment in India.
In December 2023, Pfizer Inc. announced the successful completion of its acquisition of Seagen Inc. The deal was initiated in March 2023 and was completed in December 2023. Seagen Inc. is a global biotechnology company that is involved in the discovery, development, and commercialization of transformative cancer medicines. Pfizer completed the acquisition of its outstanding common stock of Seagen for USD 229 in cash per share, for a total enterprise value of approximately USD 43 billion. Through this acquisition Pfizer's Oncology pipeline will be doubled in size with 60 programs spanning multiple domains, including ADCs, small molecules, bispecific, and other immunotherapies.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.