IMS Health Forecasts Global Pharmaceutical Market Growth of 5-7 Percent in 2011, Reaching $880 Billion | Biopharma Forecasts & Trends | The IMS Institute | Insights. Global Pharmaceutical Industry Growth to Slow in 2008. IMS Forecasts Global Pharmaceutical Market Growth of 5-8% Annually through 2014; Maintains Expectations of 4-6% Growth in 2010 | Press Releases | Press Room. The Global Pharmaceutical Industry. Global Value Chains: Major Firms ::Location ::Top Companies (according to market share measured by sales) ::Changes in Market Share Over Time Location The major firms that pioneered the industry back in the early 20th century were located in Switzerland, Germany, UK, and the US.
Today, these countries are still the location of the major firms. Since the industry requires sophisticated manufacturing techniques and intensive, high-cost R&D, the most profitable firms are in predominantly advanced, developed economies. Even with a growth in the industry, and changing trends in international trade, the early pioneers are still in the lead. Top Companies (according to market share measured by sales) The pharmaceutical industry is a multi-billion dollar industry with about 200 major companies making it up. Pfizer Inc. - With global revenues of $51.3 billion for 2005, Pfizer is the leading global pharmaceutical firm, even though this was a decline of 2.3% from 2004.
Source: Med Ad News, 2004. Pharmaceutical Market Trends 2010-2011, Pharma Market Forecasting, Pharmaceutical Industry Trends. The global pharmaceutical market research has been done by many companies and almost all of the market reports indicate a significant growth of pharma market in 2010-2011. The forecasting indicates pharmaceutical market growth of about 4 - 6% in 2010-2011. The established markets, including the US, UK, and Japan, together account for 30% of the global demand for pharmaceutical excipients. Pharmaceutical Industry Trends- Global Scenario If present industry overview is taken into consideration then the global pharmaceutical market in 2010 is projected to grow 4 - 6% exceeding $825 billion.
The global pharmaceutical market sales is expected to grow at a 4 - 7% compound annual growth rate (CAGR) through 2013. This industry growth is driven by stronger near-term growth in the US market and is based on the global macroeconomy, the changing combination of innovative and mature products apart from the rising influence of healthcare access and funding on market demand. Pharmaceutical Drugs Trends.