Pharmerging Market - Forecast(2021 - 2026)

 Globally, growing global pharmaceutical market, rise in public and private healthcare insurance, rise in collaboration, and mergers and acquisitions among multinationals rise in the awareness among people regarding pharmerging, and increasing government initiative across the globe, are the prime growth drivers of global pharmerging market. In addition, increase in adoption of pharmerging in emerging economies such as China, India and others, will create new opportunities for global pharmerging market. However, higher cost of the research and development, and complex government approval process, are the key restraints for global pharmerging market.


 Pharmerging Market

Geographically, pharmerging markets are defined as those countries having a per capita GDP threshold of USD 25,000 and more than USD one billion spending growth from 2012 to 2016.  Thus, the pharmerging markets includes 21 countries which are further categorized in Tier I, Tier II, Tier III countries based on the IMS defined parameters and the macroeconomic factors and respective pharmaceutical market forecasts. Tier I countries which includes China, dominated global pharmerging market because of higher Chinese government’s healthcare spending. However, Tier II countries which includes India, Brazil and Russia are project to grow significantly, owing to rapidly increasing aging population, rise in consumer awareness, favourable government policies, and modernization of healthcare infrastructure in this countries. The presence of numerous small and large vendors has made the pharmerging markets highly fragmented. Challenges such as price pressure, regulatory constraints, and competition from local and other international pharmaceutical companies are faced by most of the international pharmaceutical companies. Majority of pharmaceuticals giants are focusing on technological innovations, product extensions, and inorganic growth through mergers and acquisitions, which would intensify the market in near future.

This report identifies the global pharmerging market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global pharmerging market.

This report segments global pharmerging market on the basis of geography market as follows:

  • This report has been segmented into major geography market of pharmerging, such as: Tier I Countries (China), Tier II Countries (Brazil, India, and Russia), and Tier III Countries (Poland, Argentina, Turkey, Mexico, Venezuela, Romania, Saudi Arabia, Colombia, Vietnam, South Africa, Algeria, Thailand, Indonesia, Egypt, Pakistan, Nigeria, and Ukraine)

This report identifies all the major companies operating in the pharmerging market. Some of the major companies’ profiles in detail are as follows:

  • Merck & Co Inc.
  • Novartis International AG
  • Bristol-Myers Squibb Co
  • Boehringer Ingelheim Pharmaceuticals Corporation
  • Eli Lilly and Co.
For more Lifesciences and Healthcare related reports, please click here

Comments

Post a Comment

Popular posts from this blog

Philippines Air Conditioning Market - Forecast(2021 - 2026)

Image
  The air conditioning market in the Philippines reached $8.45 billion in 20018, growing at a CAGR of 4.55% during 2019-2025. The changing tropical weather coupled with rising heat and humidity in the Philippines is the key driving factor for the air conditioning market. During 2015-19, the average temperature in the Philippines from April to July has increased by 28%. In addition to this, a significant proportion of untapped household has kept the opportunity to open for a low-cost air conditioner in this country. In 2018, 23%-27% of total household in the Philippines was not using any air conditioner. Similarly, the Philippines is likely to witness a revision in Minimum Energy Performance Standards (MEPS) policy, as the same policy has not been revised since 2002. Thus, government and regulatory bodies in the Philippines have started initiating to set up new MEPS policy for air conditioning products to meet emerging emission and energy efficiency requirement. This will be likely...
Read more

Animal Nutrition Market - Forecast(2020 - 2025)

Image
  Animal Nutrition Market Overview: As per the Food and Agriculture Organization of the United Nations, the global population will reach the 9 billion mark by 2050, constructing food challenges. Owing to the depletion of arable land as a result of industrialization, food security is a major objective and livestock products are among the prime means to meet such objectives. Economic development has induced pressure on the livestock sector for more efficient production with limited resources; it also supports the income and food security of almost 1.3 billion people. Thus, animal farming sector is capitalizing upon food security concerns, accounting for nearly 40% of the global agricultural production value. Animal nutrition is a necessity with increasing uptake, for the mandatory affluence of global livestock sector and primarily for the rampant production of protein-enriched commodities such as meat, eggs, and milk to feed the majority of the non-vegetarian population globally...
Read more

Ancient Grains Market - Forecast(2021 - 2026)

Image
  Ancient Grains Market Overview  The Chia ancient grains market , which forms part of the larger ancient grains market, is estimated to surpass $2,560.43m by 2023, growing at a CAGR of 36.60% during the forecast period 2018–2023. The ancient grains market is poised to witness significant growth owing to the increased applications of these grains in the food, cosmetics, pharmaceutical, and medical industries. The Americas region is the largest market for ancient grains as the market is more prevalent in South America and the U.S. Ancient Grains Market Outlook Ancient grains are defined as grains that remain largely unchanged over several hundred years. Ancient grains are gaining popularity among the Americans. They are being used in almost everything – from cereals, salads, breads, and crackers to pizza, quiche, and light snacks. Amaranth and quinoa have received considerable interest because of their gluten-free property. Gluten is found in other grains such as wheat, barley,...
Read more