The pharmaceutical industry is responsible for the development, production and marketing of medications. Thus, its immense importance as a global sector is inarguable. New drugs have an enormous positive influence on global health, prosperity and economic productivity by saving lives, increasing life spans, reducing suffering, preventing surgeries and shortening hospital stays.
Drug therapy is now an integral part of nearly every facet of healthcare, and new breakthroughs promise to revolutionize the treatment of non-communicable diseases. Fast growing segments of the pharmaceutical market include biologics and generics. Meanwhile, the innovative pharmaceutical industry is facing complex challenges caused by slower sales growth, expiring patents, increasing competition from generics, shorter product life cycles, tighter regulations, adverse media coverage and reputational damage, and a decline in the number of new innovative drugs under development.
However, more than any other industry, the pharmaceutical sector is highly dependent on its research and development segment. Some pharmaceutical companies invest 20 percent and more of their revenues in R&D measures. The steady loss of patent protection has made the invention of new drugs vital for the sustenance and growth of pharmaceutical industry.
Infoholic Research has numerous reports in various areas of the pharmaceutical domain including:
- Central nervous system
- Renal and cardiovascular system
- Gastrointestinal system
- Anti-infectives and target organs
- Immune system
- Blood and blood-forming organs
- Endocrine system
If you wish to delve deeper into the market details and follow the latest trends, get in touch with our expert research analysts.