市场调查报告书
商品编码
1532132
医药市场:依分子类型、依产品、依类型、依给药途径、依剂型、依年龄组、依疾病类型、依地区、机会、预测,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年预测期间,全球医药市场规模将以年复合成长率6.52%扩大,从2023年的16,070亿美元成长到2031年的2,663,580百万美元。由于疾病负担增加、老年人口增加以及政府为提高人们获得药品的机会而采取的举措的影响,预计该市场在预测期内将以更高的速度成长。
药品在医疗保健领域发挥着极其重要的作用,对整个护理流程产生重大影响。随着医疗保健和製药行业的不断进步,疾病负担的增加和随之而来的药品需求的膨胀是市场的主要驱动力。监管部门的批准和专利状况决定了特定药物的市场状况。由于人口变化、技术进步以及全球对医疗保健解决方案的需求不断成长,预计製药市场将继续成长。随着新兴市场地位的增强,全球医药市场的动态预计将发生变化,为产业参与者带来挑战和机会。例如,美国食品药物管理局(USFDA)在2021年至2023年期间批准了142个新药,其中2021年有50个药物,2022年有37个药物,2023年有55个药物已获得批准并上市。
本报告调查了全球药品市场并提供了市场概况,包括依产品、类型、给药途径、剂型、年龄组、疾病类型、地区和市场进入的趋势。
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.