Market Analysis @ Pharma Conferences

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Market Analysis @ Pharma Conferences

 

The Growing Pharmaceuticals Market: Expert Forecasts and Analysis

The global pharmaceuticals market was worth $934.8 billion in 2017 and will reach $1170 billion in 2021, growing at 5.8%, according to a recent pharma market research report by The Business Research Company.

This is an accelerated pace compared to 5.2% for the years before 2017, but is slower than the other two large healthcare segments, medical equipment and healthcare services. Healthcare as a whole is growing at over 7% year on year.

The factors that affect the pharmaceutical market size include disease prevalence, drug affordability, consumer attitudes, government policies and some supply-side factors:

  • Disease prevalence is related to population size, age, genetic inheritance and behaviour (infectious disease incidence is lower where sanitation practices are better; sedentary lifestyles also encourage chronic disease).
  • Affordability is related to income but also to drug prices.
  • Consumer attitudes include willingness to use alternative therapies or distrust of taking drugs.
  • Government (and insurance company) policies affect reimbursement and who the payer is. Other government policies determine regulation, which can be a significant barrier to the launch of new treatments.
  • A major supply-side factor is availability of an appropriate treatment, which may be a matter of quantity, as in an epidemic, or of drug discovery and development.

 

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  • 3000+ Conferences across the globe in 50+ countries all through the year
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Featured Topics

Pharmaceutica 2023, Chromatography 2023, Antibiotics 2023, Euro Toxicology 2023, Pharma Europe 2023, Materials Chemistry 2023, Euro Biosimilars 2023, World Chemistry 2023, Natural Products 2023, Euro Biosensors 2023, Mental Health 2023, Pharmaceutical Sciences 2023, Medicinal Chemistry 2023, Organic Chemistry 2023, Polymer Chemistry 2023, Euro Chemistry 2023, Pharmacology 2023, Environmental Chemistry 2023, Pharmacovigilance 2023, Physical Chemistry 2023, Formulations 2023, Herbal Conference 2023, Pharma Chemistry 2023, Clinical Research 2023, Separation Techniques 2023

 

List of upcoming 2023 Conferences:

Dec 22, 2022

Author

John Dixon

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