This briefing examines how the pharmaceuticals and medical equipment industry is performing globally and in the largest countries in terms of pharmaceuticals and medical equipment output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
This report comes in PPT.
The growing number of elderly people and the increasing occurrence of chronic illnesses are expected to boost the need for innovative, high-value treatments. The trend is likely to spur investments in research and development (R&D), particularly in fields such as oncology, immunology, neurology, and cardiovascular and metabolic diseases. Biologics are anticipated to maintain their status as one of the most rapidly expanding sectors, underscored by the escalating significance of personalised medicine.
The pandemic and the war in Ukraine have led to widespread supply issues for active pharmaceutical ingredients (API) and other healthcare products. Efforts by governments to strengthen supply chains should enable new sourcing strategies and the domestic production of key pharmaceuticals and medical devices.
Pharmaceutical manufacturers are adopting innovative production techniques like continuous manufacturing, single-use technologies, and modular solutions to cut costs, save time, and enhance reliability. The shift towards smart production, which includes the digitalisation of manufacturing processes, automation, and robotics, is also set to drive the industry's advancement.
As the need to cut healthcare costs intensifies, increasing pressure on pharmaceutical pricing is likely to squeeze producers' profits. Pharmaceutical pricing pressure is expected to boost the demand for generics and biosimilars, encourage early diagnostics for better preventive healthcare, and prompt a move towards value-based pharmaceutical contracts.
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