The 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 globally.
This report comes in PPT.
Ageing populations and the rising prevalence of chronic diseases will continue to fuel demand for high-value innovative treatments, and drive investment in research and development (R&D), especially in the areas of oncology, immunology, neurology, cardiovascular and metabolic disorders. Biologics are set to remain among the fastest growing categories, with the rising importance of treatment personalisation.
In the wake of the pandemic and the war in Ukraine, many countries have faced disruptions in supply of active pharmaceutical ingredients (API) and other medicines and medical devices. Governments’ efforts to improve supply chain resilience are expected to facilitate alternative supply arrangements and localisation of production of pharmaceuticals and essential medical devices.
Pharmaceutical producers are embracing new production methods, such as continuous manufacturing, single-use technologies and modular solutions, to save costs and time, and increase reliability. Moreover, a greater focus on smart production transformation, including digitalisation of manufacturing, automation and robotisation, will contribute to future industry progress.
Under the rising pressure to reduce healthcare costs, growing pharmaceuticals pricing pressure will continue to squeeze producers’ margins. It is also set to drive up demand for generics and biosimilars, foster early diagnostics to improve preventative health and facilitate a shift towards value-based pharmaceutical contracts.
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