What is the global market size of Pharmerging Market?

Global Pharmerging Market size was valued at USD 1.48 trillion in 2021 and is poised to grow from USD 1.56 trillion in 2022 to USD 3.21 trillion by 2030, growing at a CAGR of 8.98% in the forecast period (2023-2030).

What is the key driver of Global Pharmerging Market?

High prevalence of a variety of chronic diseases, as well as rising consumer knowledge of early detection of disease and treatment processes, continue research and development, and rising life expectancy are the major factors driving the growth of global pharmerging market over the forecast period. Furthermore, Increased consumer awareness towards pharmerging and government initiatives in the emerging economies such as India, China, and Indonesia.

Pharmerging Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By Product Type(Pharmaceuticals, Healthcare Products), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Pharmerging Market?

The global pharmerging market is fairly competitive with the presence of well-known market players such as Sanofi S.A., F. Hoffman-La Roche AG, and Johnson & Johnson. Major players are focusing on product launches, merger & acquisition, collaborations, and partnerships as key strategies for the expansion for their product portfolio and reach to large consumer base. 'Sanofi S.A.', 'Pfizer Inc.', 'AstraZenece Plc', 'GlaxoSmithKline plc', 'F. Hoffmann-La Roche AG', 'Merck & Co., Inc.', 'Novartis International AG', 'Johnson & Johnson Services, Inc.', 'Bristol-Myers Squibb Company', 'Bayer AG', 'AbbVie Inc.', 'Eli Lilly and Company', 'Takeda Pharmaceutical Company Limited', 'Boehringer Ingelheim GmbH', 'Novo Nordisk A/S', 'Astellas Pharma Inc.', 'Daiichi Sankyo Company, Limited', 'Shire plc', 'Biogen Inc.', 'Otsuka Holdings Co., Ltd.'.

Q: Which region accounted for the largest share in Global Pharmerging Market?

Asia Pacific dominated the global market with over 61% of market share in 2021 owing to increase in patent expiration, spike on medical research investments, and rising urbanization in the region. Furthermore, increased penetration of insurance policies and the presence of major companies with a wide range of product portfolio is expected to boost the region’s growth in the near future. Among the various nations contributing to the regional growth, China dominated the region with a hike in the demand for pharmerging products in the recent years.

Report ID: SQMIG35I2265 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 61 | Figures: 75

Pharmerging Market News

In June 2022, The Janssen Pharmaceutical Company of Johnson & Johnson announced that the U.S. Food and Drug Administration has granted Breakthrough Therapy Designation for talquetamab for the treatment of adult patients with the process of refractory multiple myeloma.
In June 2022, Abbott Laboratories announced that they are developing a new type of biowearable that will continuously monitor glucose level and ketone levels in one sensor. The device has secured with the breakthrough from the U.S. Food and Drug Administration, which is designed to expedite the review of innovative technologies that will improve the life of people.

Pharmerging Market Report Snapshots

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Pharmerging Market size was valued at USD 1.48 trillion in 2019 and is poised to grow from USD 1.56 trillion in 2023 to USD 3.21 trillion by 2031, growing at a CAGR of 8.98% in the forecast period (2024-2031).

The pharmerging market is fairly competitive with the presence of well-known market players such as Sanofi S.A., F. Hoffman-La Roche AG, and Johnson & Johnson. Major players are focusing on product launches, merger & acquisition, collaborations, and partnerships as key strategies for the expansion for their product portfolio and reach to large consumer base. 'Sanofi S.A.', 'Pfizer Inc.', 'AstraZenece Plc', 'GlaxoSmithKline plc', 'F. Hoffmann-La Roche AG', 'Merck & Co., Inc.', 'Novartis International AG', 'Johnson & Johnson Services, Inc.', 'Bristol-Myers Squibb Company', 'Bayer AG', 'AbbVie Inc.', 'Eli Lilly and Company', 'Takeda Pharmaceutical Company Limited', 'Boehringer Ingelheim GmbH', 'Novo Nordisk A/S', 'Astellas Pharma Inc.', 'Daiichi Sankyo Company, Limited', 'Shire plc', 'Biogen Inc.', 'Otsuka Holdings Co., Ltd.'

High prevalence of a variety of chronic diseases, as well as rising consumer knowledge of early detection of disease and treatment processes, continue research and development, and rising life expectancy are the major factors driving the growth of pharmerging market over the forecast period. Furthermore, Increased consumer awareness towards pharmerging and government initiatives in the emerging economies such as India, China, and Indonesia.

Increasing R&D activities in biotechnology, immunology, cancer, and other sectors are fueling the market expansion across the world. Major companies of the industry are mainly focusing on the development of latest technology products for the ease of use and comfort for consumers. And, a rapid growth in the population across the world has led to increase in disease, which has resulted positively to the pharmerging market.

Asia Pacific dominated the market with over 61% of market share in 2021 owing to increase in patent expiration, spike on medical research investments, and rising urbanization in the region. Furthermore, increased penetration of insurance policies and the presence of major companies with a wide range of product portfolio is expected to boost the region’s growth in the near future. Among the various nations contributing to the regional growth, China dominated the region with a hike in the demand for pharmerging products in the recent years.

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Pharmerging Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By Product Type(Pharmaceuticals, Healthcare Products), By Region - Industry Forecast 2024-2031

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What is the market size of Pharmerging Market?

Who are the key vendors in the Pharmerging Market?

What is the key driver of Pharmerging Market?

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