The Pharmaceuticals market is organized in markets that cover drugs used in specific medical fields, i.e., medicines for a specific disease or a certain type of medicine, such as Oncology Drugs, Anti-Diabetes Drugs, and Vaccines. They include original
brands, biosimilars, generics, and orphan drugs. Prescription drugs and over-the-counter (OTC) drugs are both included. Depending on the regulations in each country, these products are provided by pharmacies, hospitals, physicians, and/or drug stores,
and/or they can be bought elsewhere.
This report is a part of our Market Insights product, giving an overview of the Pharmaceuticals market from an international perspective. Besides all relevant market figures like total revenues for the years from 2016 to 2029, we furthermore give detailed
insights into current trends, key players and important background information on the Pharmaceuticals market.
In general, the Pharmaceuticals market is expected to grow at a CAGR of 4.71% between 2024 and 2029. Oncology Drugs is the largest market, the second largest market was Vaccines, followed by the Anti-Diabetes Drugs market. The United States (US$598 billion)
and China (US$110 billion) accounted for the highest revenues within the Pharmaceuticals market in 2023.
Note: CAGR: Compound Annual Growth Rate
