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The Business Research Company has recently published a new market report on Pharmaceuticals Market provides a comprehensive analysis, incisive insights, present and future growth prospects. https://bit.ly/2zTqBdK
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Global Global Pharmaceuticals Market ( Pharmaceuticals Market (Covid Strategies Strategies And Forecast To 2023 Covid- -19) 19) Analysis, Growth Analysis, Growth And Forecast To 2023 © The Business Research Company. All rights reserved. www.tbrc.info Email: info@tbrc.info
Pharmaceuticals Market Pharmaceuticals Market Characteristics • The global pharmaceuticals market is expected to decline from $1217.1 billion in 2019 to $1209.6 billion in 2020 at a compound annual growth rate (CAGR) of -0.7%. The decline is mainly due to the COVID-19 pandemic that has affected industries across the globe including the pharmaceutical sector. Although there has been huge demand for certain drugs (antivirals, antibiotics, respiratory drugs, anti-diabetic drugs), the restrictions on non-essential medical services, drug shortages due to slowed production of biologics and pharmaceuticals because of extended factory closures in various countries, shortage of APIs and other chemicals, and rise in prices of key ingredients have been the roadblocks obstructing its growth. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $1738.3 billion in 2023. Characteristics: : • Early Rx-to-OTC switch, or switching the product from prescription to non-prescription status, is a key trend in the dermatology drugs market. Traditionally, the Rx-to-OTC status conversion usually took place at a time nearing the patent expiry or after. However, forward-thinking companies are now looking at switching from Rx-to-OTC well in advance of the patent expiry of the drug. This helps the manufacturer to capitalize on the market opportunities for the product. Early Rx-to-OTC switching also provides an additional benefit as a way to recover all the expenses incurred on the product by the company. Click Here To View Complete Report 2 © The Business Research Company. All rights reserved.
Major Key Players Major Key Players • Pfizer Inc. • F. Hoffmann-La Roche AG • Novartis AG • Johnson & Johnson • GlaxoSmithKline Plc Click Here To Get A Sample Report 3 © The Business Research Company. All rights reserved.
Table Of Content Table Of Content 1. Pharmaceuticals Market Executive Summary 2. Table of Contents 3. List of Figures 4. List of Tables 5. Report Structure 6. Introduction 7. Pharmaceuticals Market Characteristics 8. Pharmaceuticals Market, Supply Chain Analysis …… 25. Global Pharmaceuticals Market Competitive Landscape 26. Key Mergers And Acquisitions In The Pharmaceuticals Market 27. Pharmaceuticals Market Opportunities And Strategies 28. Pharmaceuticals Market, Conclusions And Recommendations 29. Appendix Click Here To Get A Sample Report 4 The Business Research Company. All rights reserved.
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