global pharmaceutical industry worth 2020

In India, the Medical Council of India and the NITI Aayog prepared telemedicine guidelines for doctors to prescribe mild drugs such as paracetamol and provide tele-consultation services to patients. For years, financial challenges have shadowed the world’s public and private health systems to varying degrees, and we expect the situation to persist in 2020. Global health care sector issues in 2020. Global pharmaceutical expenditure as a share of health expenditure. Latest Market intelligence report released by … Slightly down from 2018, the US FDA approved 48 new drugs and biologics in 2019, which still comes in as the third biggest approval class in the past … Cardiovascular Disorders                    5.3.7. Want to take full advantage of BizVibe with detailed insights, company tracking, and more? India is the world's largest provider of generic drugs, and as of November in financial year 2020, the country exported pharmaceuticals worth almost eleven billion U.S. … Pune, April 27, 2020 (GLOBE NEWSWIRE) -- The global pharmaceuticals market size is set to decline marginally in 2020, from the pre-coronavirus outbreak projection of USD 1,316.0 billion to USD 1,310.0 billion, exhibiting a CAGR of 4.0% for the current year. Introduction         1.1. Current estimates that global pharma spending will exceed USD 1.5 trillion by 2023. Press release from: HTF Market Intelligence Consulting Pvt. Roche was founded in 1896 with its current headquarters in Basel, Switzerland. All companies bring in revenues in the USD billions of figures annually. Report by the IMS Institute for Healthcare Informatics. The Association of the British Pharmaceutical Industry is a company limited by … Research is moving from labs to computers while sales of pharmaceutical products continue to soar at a rapid rate. The company generated revenues of USD 33.27 billion in 2019 and is known for R&D and developing and manufacturer some of the top pharmaceutical products including AndroGel® (testosterone gel), Depakote® (divalproex sodium) tablets, DUOPA (carbidopa/levodopa enteral suspension), and many more. … This fact sheet is to breakdown the largest pharmaceutical companies in the world by revenue as of 2020 that are the key drivers of this stellar growth. How much is the pharmaceutical industry worth? While research on vaccine for the infection is also taking place simultaneously, the immediate concern is to provide efficient treatment to coronavirus patients around the world. Pharmacy Direct has spent R100-million on a warehouse upgrade. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. THE PHARMACEUTICAL MARKET • The global pharmaceutical market will reach nearly USD 1,430 billion by 2020. Sarah Rickwood looks back at how pharma changed over the last decade and what this might mean for the industry in 2020. Pfizer Headquarters: New York City, New York, USA, Novartis Headquarters: Basel, Switzerland, Merck & Co. Headquarters: Kenilworth, New Jersey, USA, Zocor Vioxx Fosamax Keytruda Januvia Primaxin, GlaxoSmithKline Headquarters: Brentford, United Kingdom, GlaxoSmithKline Revenue: USD 43.92 billion, GlaxoSmithKline Number of Employees: 99,437, Prescription and over-the-counter drugs for thrombosis, AbbVie Headquarters: Lake Bluff, Illinois, United States, CREON® (pancrelipase) Delayed-Release Capsules, GENGRAF® Capsules (cyclosporine capsules, USP), GENGRAF® Oral Solution (cyclosporine oral solution, USP), NIASPAN® (niacin extended-release tablets) [film-coated], Abbott Laboratories Headquarters: Abbott Park, Illinois, USA, Abbott Laboratories Revenue: USD 31.9 billion, Abbott Laboratories Number of Employees: 107,000. Regulatory and Reimbursement Changes – In Response to the COVID-19 Impact5. Vaccines           5.3. Retail Pharmacies5.5. Long-term Impact          4.4. In-depth study of the regional developments of this outbreak shaping the market. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Johnson & Johnson has held it’s number 1 ranking in sales among the top biotech companies since 2012. Impact of COVID-19 on the Supply Chain          4.3. Definitions and Assumptions2. Market Analysis, Insights and Forecast – By Indication                   5.3.1. The Pharmaceutical industry's long successful strategy of placing big bets on a few molecules, promoting them heavily and turning them into blockbusters worked well for many years, but its R&D productivity has now plummeted and the environment’s changing. The top 10 largest pharmaceutical companies in the world are contributing to exponential growth and driving critical innovation for the healthcare and pharmaceutical industry. An Overview of the Impact of COVID-19 on this Market: The emergence of COVID-19 has brought the world to a standstill. • Pharmerging countries will account for 25% of global spending on pharmaceuticals by 2020, compared to 23% in 2015. South Africa has one of the world’s biggest HIV/Aids … Number 2 on this list of the top 10 largest pharmaceutical companies in the world is Hoffmann-La Roche, a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. Try BizVibe Procurement for Free! Share on Facebook. For example, in March, Boston Medical Center in the US launched a telemedicine site and within two days it managed to get 1500 patients onboard. Online Pharmacies           5.4.3. Expect oncology to be a fundamental driver for a lot of deal-making activity, as it encompasses over one-third of both pipeline assets and clinical trials. Gilead Sciences has a profit margin of nearly 53%. • The United States share of the global market will increase from 40.3% in 2015 to 41% in 2020, The company — often referred to as GSK — brought in revenues of USD 43.92 billion last year and remains one of the most innovative among the top pharmaceutical companies in the world. Europe          5.5.3. Fortune Business Insights™ has revised its analysis of this market and brought out a special report, titled “Impact Of Covid-19 On The Pharmaceuticals Market”, to study the short- and long-term effects of the pandemic on the growth of this market. To get the short-term and long-term impact of COVID-19 on this Market. Current and ongoing changes in political, economic, social, technological, legal and environmental factors are influencing growth in the healthcare market, where drugs play an important part. Research Scope         1.2. Pfizer is 3rd on this list of the top pharmaceutical companies by revenue in 2020. This is nearly double the size of the market in 2014 ($32.2 billion), according to a survey from Zion Market Research. Novartis is known for manufacturing many well-known drugs including clozapine (Clozaril), diclofenac (Voltaren), carbamazepine (Tegretol), valsartan (Diovan), imatinib mesylate (Gleevec/Glivec), cyclosporine (Neoral/Sandimmune), letrozole (Femara), methylphenidate (Ritalin), terbinafine (Lamisil), deferasirox (Exjade), and many others. Market Drivers          3.2. In 2019 it invested an estimated € 37,500 million in R&D in Europe. The USA is the world’s biggest importer of pharmaceuticals, importing USD 99.7 billion worth of pharmaceutical products. The largest pharmaceutical-using countries will be the The COVID-19 outbreak has forced governments to impose nationwide lockdowns and social distancing norms, choking economic activity and shutting down businesses. Less than 12% of drugs that make it to clinical trials ultimately win regulatory approval. However, the global pharmaceutical industry is vulnerable in the current situation as the pandemic has caused severe supply-chain disruptions of Active Pharmaceutical Ingredients (API). Since China is the world’s largest API supplier and India the largest manufacturer of generic drugs, imposition of trade restrictions and export quotas in these two countries has crippled the cross-border movement of essential drugs. Latin America          5.5.5. Fuzeon (enfuvirtide), for salvage therapy of HIV-1 infection. The following is BizVibe’s ranking of the top 30 largest pharmaceutical companies in the world by revenue figures as of 2020. Reach out to the largest pharmaceutical companies today on BizVibe. By Industry          4.5. Others 5.4. Johnson & Johnson’s specialty is in research and development, medical device products, and the manufacturing of pharmaceutical products and the consumer level. Rounding out BizVibe’s list of the top 10 largest pharmaceutical companies in the world in 2020 is the American medical devices and health care company with headquarters in the Abbott Park Business Center in Lake Bluff, Illinois. The U.S. pharmaceutical market is the world’s most important national market. In 2019, Pfizer brought in annual revenues of USD 51.75 billion and has been the 3rd ranked pharmaceutical company by revenue for the past 4 years, behind only Roche and Johnson & Johnson. With most countries facing a treatment-deficit for this infection, pharmaceutical companies have diverted all their investment energies towards developing quick and effective drugs to cure affected people. Merck & Co. also spends considerably on R&D for its key drug KEYTRUDA®. Who are the top pharmaceutical companies in the world by revenue as of 2020? The company is known for controlling many of the world’s biggest pharmaceutical companies including American biotechnology company Genentech, Japanese biotechnology company Chugai Pharmaceuticals, as well as US-based Ventana. Neurology Disorders                    5.3.8. Widespread population aging and sedentary lifestyles lea… Pharmaceutical Cartridges Market Worth Observing Growth: Baxter Healthcare, Merck, West Pharmaceutical Services . 8th on BizVibe’s list of the top pharmaceutical companies in the world by revenue is Sanofi, the French multinational pharmaceutical company headquartered in Paris, France. https://www.fortunebusinessinsights.com/enquiry/customization/impact-of-covid-19-on-pharmaceuticals-market-102685, Impact Of COVID-19 On The Pharmaceuticals Market, Transcatheter Heart Valve Replacement (THVR) Market, Contract Manufacturing Organization (CMO) Market, Active Pharmaceutical Ingredient (API) Market. The United States accounts for over 45 percent of the global pharmaceutical market. Financial operations and performance improvement. Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. These cookies do not store any personal information. Fortune Business Insights™ Pvt. Sanofi is especially well-know for engaging in R&D, manufacturing pharmaceutical drugs principally in the prescription market, and the development of over-the-counter medication. The global vaccine market is expected to reach total revenues of 59.2 billion USD by 2020. As expected, this was largely driven by new product launches such as AbbVie’s Skyrizi and Novartis’ Zolgensma. But with any global growth, so comes the growth of threats impacting the health of the industry. Top 10 pharmaceutical markets by value (USD) Shares of the global pharmaceutical markets. The industry is going through a large phase of product and business innovation. Review our, Top 10 Largest Software Companies in the World by Revenue, Top 10 Largest Insurance Companies in the World by Asset Size. Earlier this year, in our annual global outlook for the life sciences industry, we said: “The life sciences sector is at an inflection point. In 2019, Abbot Laboratories brought in annual revenues of USD 31.9 billion — making one of the highest revenue pharmaceutical companies in the world. Anti-infective                   5.3.3. Key Insights          4.1. Merck & Co. is a leading American multinational pharmaceutical company and one of the biggest pharmaceutical companies in the world headquartered in Kenilworth, New Jersey. Anti-hypertensive                    5.3.4. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. North America          5.5.2. How much is the pharmaceutical industry worth? All numbers are measured in USD billions. Market Analysis, Insights and Forecast – By Distribution Channel          5.4.1. Market Restraints          3.3. Viracept (nelfinavir), for HIV-1 infection, licensed by Pfizer and ViiV Healthcare. Middle East & Africa, Request for Customizartion: https://www.fortunebusinessinsights.com/enquiry/customization/impact-of-covid-19-on-pharmaceuticals-market-102685, Impact of COVID-19 on the Medical Devices Market, Contract Research Organization (CRO) Services Market Size, Share and Global Trend By Service Type (Discovery, Pre-Clinical, Clinical, Laboratory Services), By Application (Oncology, Cardiology, Infectious Disease, Metabolic Disorders), By End User (Pharmaceutical & Biotechnological Companies, Medical Device Companies, Academic & Research Institutes) and Geography Forecast till 2026, Cardiovascular Drugs Market Size, Share & Industry Analysis, By Drug Type (Antihypertensive, Antihyperlipidemic, Anticoagulants, Antiplatelet Drugs, Others), By Disease Indication (Hypertension, Hyperlipidemia, Coronary Artery Disease, Arrhythmia, Others), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies, Others) and Regional Forecast, 2019 -2026, Biomarkers Market Size, Share & Industry Analysis, By Indication (Oncology, Cardiology, Neurology, and Others), By End User (Pharmaceutical & Biotechnology Companies, Diagnostics & Research Laboratories, Hospitals & Specialty Clinics, and Others), and Regional Forecast, 2019-2026, Active Pharmaceutical Ingredient (API) Market Size, Share & Industry Analysis, By Type (Generic API, and Branded API), By Synthesis (Biological API, and Synthetic API), and Regional Forecast, 2019-2026. Oncology                   5.3.5. Our platform is designed to help companies generate leads, shortlist suppliers, request for proposals, and identify global companies. According to Johns Hopkins University in the US, the global tally of confirmed COVID-19 cases has risen to 2.7 million, with the death toll standing at around 190,000 as of April 24, 2020. Several big pharma companies are acquiring their drugs by purchasing smaller companies, while a record number of drugs passed regulatory approval last year. Please visit: https://www.fortunebusinessinsights.com/impact-of-covid-19-on-the-pharmaceuticals-market-102685, Growing Preference for Telemedicine to Create Several Avenues for Expansion. Get Started>>, Discover Suppliers | Target Prospects | Browse 10M+ CompaniesTry for Free>>. But opting out of some of these cookies may have an effect on your browsing experience. Prescription Drugs                                  5.2.1.2. North America to Lead the Market Share as COVID-19 Cases Skyrocket in the US. It is mandatory to procure user consent prior to running these cookies on your website. Hemlibra (emicizumab), for haemophilia A. Nutropin (somatropin), for growth hormone deficiency. Nevertheless, for investors, the “spectacular four-year bull run” of pharma and biotech valuations during 2011-2015 might be coming to an end, … Johnson & Johnson’s current headquarters are in New Brunswick, New Jersey, USA, and the company operates over 250 subsidiaries in over 60 countries. Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/impact-of-covid-19-on-the-pharmaceuticals-market-102685, 1. Overall, almost every sector is anticipated to be impacted by the pandemic. Gazyva (obinutuzumab), for chronic lymphocytic leukemia. Johnson & Johnson is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals and also consumer packaged goods. Ultimately the goal is to assist business professionals, investors, and our readers that are interested in gaining insights into the global pharmaceutical industry including: BizVibe is already helping the biggest pharmaceutical companies in the world connect. 2020 Kia Forte Review ... researchers in the pharmaceutical industry have largely been operating in the spirit of collaboration. The following factors are all boosting healthcare market growth: 1. Market research firm Evaluate Pharma, in its annual World Preview report, projects a global growth rate for the pharma industry of 6.3% CAGR through 2022, up from the 5% CAGR it predicted last year for the 2014-2020 period. Pharmaceutical giants based in the US have, therefore, spurred into action to develop treatments and vaccines for the infection, whilst continuing their development of medication for other co-morbid diseases such as diabetes and cancer. Pharmaceutical Membrane Filtration Market by Product, - Global Forecast to 2025 January 2021 $ 4950 Pharmaceutical & Healthcare Annual Deals Analysis: M&A and Investments Trends - 2019 March 2020 $ 3500 Pharmaceutical Packaging Markets in China April 2020 $ 4000 Over 7,000 drugs are currently in development around the world. JP Morgan and Morgan Stanley secured fourth and fifth positions, having advised on 46 deals worth US$131.1bn and 45 deals worth US$92.3bn, respectively. Zenapax (daclizumab), for the prevention of acute transplant rejection. The Site uses cookies to record users' preferences in relation to the functionality of accessibility. In 2019, Bayer brought in revenues of USD 48.02 billion and remains the largest pharmaceutical company in Germany. The pharmaceutical industry is a trillion dollar industry globally, achieving the milestone for the first time in 2014, and the biggest […] In a world dominated by a … Global pharma market is expected to be worth USD 1.57 trillion by 2023 as per "Global Pharmaceuticals Industry Analysis and Trends 2023" report by NAVADHI Market Research. Inquire Before Buying: https://www.fortunebusinessinsights.com/checkout-page/102685, Market Players to Singularly Focus on Clinical Trials for COVID-19 Treatment Drugs. Bayer ranks 4th on BizVibe’s list of the largest pharmaceutical companies in the world by revenue in 2020. Asia pacific          5.5.4. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. These companies are changing the way businesses are pushing the boundaries in medicine and are leading the pharmaceutical industry to new heights. Thus, the spread of the coronavirus has spiked the adoption of telemedicine, which is likely to mitigate some of the negative effects that the pharmaceutical industry is being expected to bear. A licence to make a biosimilar drug has been granted. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. This website uses cookies to improve your experience while you navigate through the website. In 2018, North America accounted for 47.0% of the global market, thereby dominating the pharmaceuticals market share. The promise of cell and gene therapies is being delivered to patients; rare diseases, previously believed to be incurable, are on the precipice of real cures. The growth markets include, in descending order of size, China, Brazil, Russia, India, Mexico, Turkey, Poland, Venezuela, Argentina, Indonesia, By 2020, the total market size for vaccines in … Rising support from governments and several companies can help in the fight against this highly contagious disease. Thorough assessment of the drivers and restraints created by the COVID-19 outbreak that will shape the future of this market; Comprehensive evaluation of the various market segments and the extent of impact each segment is likely to face due to this pandemic; Forecasting of emerging opportunities for players in this market and their response to this outbreak; and. In addition to its stellar sales figures, Novartis is also one of the largest pharmaceutical companies in the world ranked by market capitalization. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. PwC believes that seven major trends are reshaping the marketplace: Instances of chronic … In 2020 as well, the region is expected to lead the market on account of skyrocketing number of infected people in the US. Global pharma spending will exceed USD 1.5 trillion by 2023. The company operates through two divisions: Pfizer Innovative Health (IH) and Pfizer Essential Health (EH) business segments. Ltd. Digital Marketing in Pharmaceutical Market. Changes and growth in the Gauteng pharmaceutical industry. BizVibe has redefined the concept of B2B networking by helping buyers select the right supplier. Avastin (bevacizumab), for certain malignant tumors. You also have the option to opt-out of these cookies. Respiratory Disorders                    5.3.6. Bactrim (trimethoprim/sulfamethoxazole), a sulphonamide antibacterial. Key Industry Developments – In Response to the COVID-19 Impact          4.6. The global pharmaceutical market is worth approximately $934.8 billion and is estimated to reach over $1,170 billion in 2021, with locations spanning all continents. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. The 2nd Swiss company on this list of the biggest pharmaceutical companies in the world by revenue is Novartis, the Swiss multinational pharmaceutical company based in Basel, Switzerland. The company is known for providing prescription medicines, vaccines, biologics and animal health products. Market Dynamics          3.1. These cookies will be stored in your browser only with your consent. January 15, 2020. This impressive growth in the life science industry is thanks to the many opportunities on the horizon in 2020 and beyond. The German multinational pharmaceutical and life sciences company is a developer and manufacturer of human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals, seeds, and biotechnology products. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India.Phone:US :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs, Press Release: https://www.fortunebusinessinsights.com/press-release/impact-of-covid-19-on-the-pharmaceuticals-market-9827. Gene therapy was clearly evident in 2019 deal-making trends and it is not yet too late for newcomers to be making moves in gene therapy … As a result, there is a paradigmatic shift in preference from physical interface to virtual interaction with health and medical professionals. However, this too shall pass. Expect the top 10 largest pharmaceutical companies to continue dominating the industry and leading to a future of high profitability and products that are beneficial to all of us. Johnson & Johnson Headquarters: New Brunswick, New Jersey, USA, Johnson & Johnson Revenue: USD 06 billion, Johnson & Johnson Number of Employees: 132,200, Cardiovascular & metabolic disease products, Hoffmann-La Roche Headquarters: Basel, Switzerland, Hoffmann-La Roche Revenue: USD 63.85 billion, Hoffmann-La Roche Number of Employees: 94,442. South Africa’s pharmaceutical sector is worth approximately R20-billion annually. Connect and track the latest news and insights from these companies. About the Pharma 2020 series. Discover who are the largest pharmaceutical companies in the world by revenue in 2020? Necessary cookies are absolutely essential for the website to function properly. Tweet on Twitter. Diabetes                    5.3.9. There are some industries that are struggling and some are thriving. Ltd. 308, Supreme Headquarters, Survey No. For security professionals this means additional planning for a wide range of potential security scenarios … Drugs                                  5.2.1.1. List of Key Companies Covered in the Impact Of Covid-19 On The Pharmaceuticals Market Research Report are: Have Any Query? Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/impact-of-covid-19-on-the-pharmaceuticals-market-102685. By Government                    4.4.3. Market Segmentation         1.3. Key Findings / Summary          5.2. ABPI. Merck & Co. ranks 6th on BizVibe’s list of the top 10 largest pharmaceutical companies in the world in 2020. An American multinational pharmaceutical corporation headquartered in New York City, Pfizer develops and produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, endocrinology, and neurology. , and more the option to opt-out of these cookies will be the Changes and growth in US... Skyrocket in the world by revenue figures as of 2020 make timely decisions on R & D Europe. The Impact of COVID-19 on this market: the emergence of COVID-19 4.4.1 released! Covid-19 outbreak has forced governments to impose nationwide lockdowns and social distancing norms, choking economic activity and shutting businesses... Continue to soar at a rapid rate making it easier for them to address challenges distinct their. Health products in revenues of USD 48.02 billion and remains the largest pharmaceutical companies changing! Will account for 25 % of the global market, thereby dominating the pharmaceuticals Share... 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