Report ID: SQMIG35I2270
Report ID:
SQMIG35I2270 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
Pharmaceutical Manufacturing Market size was valued at USD 572.09 Billion in 2023 and is poised to grow from USD 663.05 Billion in 2024 to USD 2158.82 Billion by 2032, growing at a CAGR of 15.9% during the forecast period (2025-2032).
The global pharmaceutical manufacturing market continues to thrive as an essential sector in the healthcare industry. With a focus on research, development, and production of medications, the market is driven by factors such as rising population, increasing prevalence of chronic diseases, and advancements in medical technology.
The demand for innovative drugs, personalized medicine, and biologics further propels market growth. Moreover, expanding healthcare infrastructure, government initiatives to improve access to healthcare, and growing investments in pharmaceutical manufacturing facilities contribute to the market's expansion. However, challenges such as stringent regulations, pricing pressures, and intellectual property rights issues pose potential obstacles to the market's overall progress.
US Pharmaceutical Manufacturing Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35I2270