Pharmaceuticals

The pharmaceutical industry plays an important role in research, discovery, and development of novel medicines. The safe & effective use of pharmaceuticals has made it a multi-billion-dollar global industry. Pharmaceutical companies have increased the longevity and improved the health of people through innovative treatments. The development of new medicines has made the pharmaceutical industry a key asset to the global economy, improving the health and quality of patients.

The pharmaceutical industry has increased the life expectancy of people across the globe. Consequently, pharmaceutical companies also play a pivotal role in treating patients with acute & chronic diseases. The future of the pharmaceutical industry looks promising and is expected to create exciting & ground-breaking treatments in the world.

Drivers

• Strong drug-development pipelines by biopharmaceutical companies
• Increased R&D spending on pharmaceuticals
• Rise in chronic and rare diseases
• Innovations in oncology, autoimmune disease diagnostics, and diabetes treatment
• Innovations in pharma manufacturing processes
• Better life expectancy
• Strong mergers & acquisitions of biopharma companies