As of November 2021, the total value of the pharmaceutical sector in the United States was around 2.8 trillion U.S. dollars, while the value in China stood at around 840 billion U.S. dollars. This statistic illustrates the pharmaceutical value worldwide in 2021, by major countries.
Value of the pharmaceutical sector worldwide as of November 2021, by major country*
(in million U.S. dollars)
Characteristic
Total value in million U.S. dollars
United States
2,793,782
China
840,261
Switzerland
539,394
United Kingdom
436,457
Germany
413,935
Japan
375,314
Denmark
318,315
France
231,742
India
165,832
South Korea
117,615
Australia
117,428
Created with Highcharts 7.2.2Total value in million U.S. dollars2,793,7822,793,782840,261840,261539,394539,394436,457436,457413,935413,935375,314375,314318,315318,315231,742231,742165,832165,832117,615117,615117,428117,428United StatesChinaSwitzerlandUnited KingdomGermanyJapanDenmarkFranceIndiaSouth KoreaAustralia
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* Value means value of the commercial side of the drug sector. Torreya estimates it at approximately $7.03 trillion. Of this, $6.1 trillion is associated with publicly-traded companies.
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Torreya Partners. (November 8, 2021). Value of the pharmaceutical sector worldwide as of November 2021, by major country* (in million U.S. dollars) [Graph]. In Statista. Retrieved April 03, 2025, from https://www.statista.com/statistics/1246608/total-pharmaceutical-value-worldwide-by-country/
Torreya Partners. "Value of the pharmaceutical sector worldwide as of November 2021, by major country* (in million U.S. dollars)." Chart. November 8, 2021. Statista. Accessed April 03, 2025. https://www.statista.com/statistics/1246608/total-pharmaceutical-value-worldwide-by-country/
Torreya Partners. (2021). Value of the pharmaceutical sector worldwide as of November 2021, by major country* (in million U.S. dollars). Statista. Statista Inc.. Accessed: April 03, 2025. https://www.statista.com/statistics/1246608/total-pharmaceutical-value-worldwide-by-country/
Torreya Partners. "Value of The Pharmaceutical Sector Worldwide as of November 2021, by Major Country* (in Million U.S. Dollars)." Statista, Statista Inc., 8 Nov 2021, https://www.statista.com/statistics/1246608/total-pharmaceutical-value-worldwide-by-country/
Torreya Partners, Value of the pharmaceutical sector worldwide as of November 2021, by major country* (in million U.S. dollars) Statista, https://www.statista.com/statistics/1246608/total-pharmaceutical-value-worldwide-by-country/ (last visited April 03, 2025)
Value of the pharmaceutical sector worldwide as of November 2021, by major country* (in million U.S. dollars) [Graph], Torreya Partners, November 8, 2021. [Online]. Available: https://www.statista.com/statistics/1246608/total-pharmaceutical-value-worldwide-by-country/
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