Pharmerging Market value to expand faster, globally by 2026
Pharmerging Market |
Global Pharmerging
Market major players included are Abbott Laboratories, Koninklijke Philips
N.V., F. Hoffmann-La Roche Ltd., Merck & Co., Inc., Novartis AG, Johnson
& Johnson, Teva Pharmaceutical Industries Ltd., AstraZeneca plc,
GlaxoSmithKline plc., LUPIN, Tata Consultancy Services Limited, and Sun
Pharmaceutical Industries Ltd.
The emerging
pharmaceutical markets which probably have absolute spending growth constitute
the global pharmerging market.
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The rising prevalence of
non-transmissible illnesses, aging population, increasing life expectancy,
surging government expenditure on health care, and constant research &
development are some of the key factors that drive the growth of this market.
However, IP protection issues and socio-political issues in cross geography
transactions and stringent price control lead to value erosion and restrain the
market growth. But growth opportunities in emerging markets and a positive
outlook towards the adoption of targeted therapies will fuel the market growth
in future.
The global pharmerging
market is divided on the basis of product, economy, indications, distribution
channel, and region. By product it is divided into pharmaceuticals (branded
prescription drugs, generic drugs {branded generics and unbranded generics},
and OTC drugs) and healthcare (medical devices & diagnostic instruments,
and others {IT and record management}). On the basis of economic growth levels,
the market is segmented into - tier 1, tier 2, and tier 3.
Based on indication the
market is segmented into lifestyle diseases, cancers & autoimmune diseases,
infectious diseases, and others. On the basis of distribution channel, the
market is segmented into hospitals, clinics, retail pharmacies, e-commerce, and
drug stores.
Geographically the market has been analyzed across North America
(the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and
rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and
rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest
of LAMEA).
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Key Benefits
- The
study provides an in-depth analysis of the market with current trends and
future estimations to elucidate imminent investment pockets.
- It
offers a quantitative analysis from 2016 to 2023, which is expected to
enable stakeholders to capitalize on prevailing market opportunities.
- Exhaustive
analysis of the global pharmerging market by type helps understand the
types of pharmerging companies that are currently being used along with
the variants that would gain prominence in future.
- Comprehensive
analysis of all geographical regions has been provided, which helps
determine prevailing opportunities.
- Key
players have been profiled and their strategies thoroughly analyzed, which
helps understand the competitive outlook of the global market.
Source medium: https://medium.com/@kritybaily727/pharmerging-market-is-expected-to-create-biggest-opportunity-by-2026-41145299d5cc
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