Global Pharmaceutical Industry
Global Pharmaceutical Industry has reached approx. $1358.521 billion in 2020 compared to $ 1247.073 billion in 2019. Annual growth in value is 8.203 percentage.
Pandemic and Global Pharmaceutical Industry
We are seeing a pandemic that is going on from early 2020 . Major global pharmaceutical entities have come together for development of vaccines.
Pfizer, BioNTech, Fosun Pharma, Moderna, J&J , Merck & Co, Inovio, Cansino Biologics, Sinovac, Sinopharm, Novavax, CNBG, Wuhan Institute of Virology, Astrazenca, Oxford, Serum Institute, GSK, SKBIO are some of them.
Millions of vaccine doses are being manufactured on a daily basis for prevention/spread of SARS-CoV-2 virus. Countries across the globe are engaged in the growth of Pharmaceutical Industry for safe and healthy living.
Developing countries like India are playing a major role in development and distribution of vaccines. India has also digitalized the entire vaccination process through apps like CoWin . CoWin helps in registration of individuals, identification of vaccine center nearby you, availability of different types of vaccines in the center, certification of vaccination et cetera. For more details on Indian healthcare sector visit https://theahad.com/healthcare-sector-in-india/
Top 20 pharmaceutical product exporting and importing countries in the world
Value (in Bn)
Top 10 Pharmaceutical Companies in the world by Revenue (Pharmaceutical Division)
- Roche – $49.15 bn
- Novartis – $48.659 bn
- AbbVie – $45.804 bn
- Johnson & Johnson – $45.572 bn
- Merck & Co. – $43.021bn
- Pfizer – $41.908 bn
- Bristol Myers Squibb – $41.321 Bn
- Takeda – $30 bn
- Sanofi – $25.674 bn
- Amgen – 25.424 bn
Major suppliers of medicines in the world :
Merck & Co
Eli Lilly & Co
Bausch Health Companies
Disclaimer: The values and ranking mention in the report are subject to change based on year and currency exchange. Audience are requested to research further for greater clarification. For sources or other inquires please get in touch at www.theahad.com/contact/ and follow us on below social media