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(Medical-NewsWire.com, June 27, 2018 ) The pharmaceutical industry develops drugs to diagnose, cure, treat or prevent diseases. Pharmaceutical companies produce both generic and branded drugs. Pharmaceutical drugs are subjected to various laws and regulations that deal with patenting, testing, safety, efficacy and marketing.
Read the report at
https://www.thebusinessresearchcompany.com/report/pharmaceutical-drugs-global-market-report-2018
The reasons for the substantial growth of the market from $935 billion in 2017 to $1.2 trillion by 2021 are the economic growth, technological advancements, changes in lifestyle and new methods for drug discovery.
In the report, the global pharmaceutical drugs market is divided into twelve segments, namely, musculoskeletal disorders drugs, cardiovascular drugs, oncology drugs, anti-infective drugs, metabolic disorders drugs, central nervous system drugs, genito-urinary drugs, respiratory diseases drugs, gastrointestinal drugs, hematology drugs, dermatology drugs and ophthalmology drugs. While the first four segments accounts for nearly, half of the market share and the remaining share is accounted for the other eight segments.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=777&type=smp
The USA was the largest country in the pharmaceutical drugs market in 2017, accounting for one-fourth of the market share. The factors that can be attributed to the size of this market include infrastructure, healthcare awareness, accessibility to medicines, and high GDP thereby and the limited downward pressure on drug prices exerted by US health insurers. China and Japan followed the USA as the next largest countries in the market.
The pharmaceutical drugs market is fragmented with a number of large
and small drugs organizations. The top five competitors in the market made up 18% of the total market in 2017. Novartis AG was the largest competitor of the market, followed by Sanofi S.A., F. Hoffmann-La Roche Ltd., Pfizer Inc. and Gilead Sciences, Inc. Novartis is a multinational pharmaceutical company that develops, manufacture and markets healthcare products. The company was founded in 1970 and is headquartered in Basel, Switzerland.
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