According to our latest report “Global Pharmaceutical Market Forecast to 2012”, the global pharmaceutical market has been showing an impressive growth, despite the global economic slowdown. The prospects of market progress in the emerging markets have been very attractive during the past few years, and this has enormously supported the overall industry growth. High prevalence of diseases, strong investment and the government support are the key factors that led to create US$ 837 Billion worth global pharmaceutical industry in 2009. Drug research & development is likely to act as a main driver for industry growth in future and it is expected that global pharmaceutical market will grow at a CAGR of around 6.5% during 2011-2013, to reach US$ 1,076.5 Billion by 2013 end.
Our report has found that pharmaceutical market in Canada has been experiencing a good growth pattern for the past few years. Canada is the second-largest pharmaceutical market in North America after the US, and is one of the most regulated pharmaceutical markets in the world. The country recorded pharmaceutical sales worth CAD 22.57 Billion in 2009, which was up by around 5.5% compared to previous year. The market is likely to continue its upward movement in coming years on the back of factors, such as technology advancements, increasing average life expectancy rate, and burgeoning healthcare spending.
The report “Global Pharmaceutical Market Forecast to 2012” takes into account almost all the key aspects of the global pharmaceutical market landscape and provides an in-depth analysis on the industry developments. It covers the overall market overview with reference to leading therapy classes, key drugs, and leading market players. The report also analyzes industry performance in all the key regions of the world, and includes North America, Latin America, Europe, and MENA.
The report is an outcome of an extensive research and prudent analysis of the global pharmaceutical industry. The report provides reliable statistics and data on industry performance, and presents an effective description of market potential. Forecasting covered in the report makes use of proper methods and base that seek to establish a realistic outlook. Last though not the least, coverage of active market players completes the overall picture.
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Article By: Shushmul Maheshwari