PUBLISHER: MarketLine | PRODUCT CODE: 1901453
PUBLISHER: MarketLine | PRODUCT CODE: 1901453
Global Pharmaceuticals industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The pharmaceutical market includes sales of both prescriptions and over-the-counter (OTC) drugs. The market scope does not cover consumer healthcare and animal health products.
By disease type, the market is segmented into oncology drugs, anti-infective drugs, central nervous system drugs, cardiovascular disease drugs, dermatology drugs, respiratory drugs, and others. The scope of others includes diabetes drugs, anti-allergic drugs, gastrointestinal drugs, ophthalmic drugs, renal diseases drugs, hematological disorders drugs, infertility conditions drugs, and women's health diseases drugs, etc.
All market data and forecasts are based on nominal prices, and all currency conversions used in the creation of this report have been calculated using yearly average exchange rates. The USD values may show a declining trend for a few countries such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
The global pharmaceuticals market recorded revenues of $1,437.5 billion in 2024, representing a compound annual growth rate (CAGR) of 4.0% between 2019 and 2024.
The oncology drugs segment accounted for the market's largest proportion in 2024, with total revenues of $197.2 billion, equivalent to 13.7% of the market's overall value.
The global pharmaceuticals market witnessed healthy growth in 2024, registering an annual growth of 5.7%.