The pharmaceuticals industry is responsible for the development, production, and marketing of medications. 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 lifespans, and preventing the need for surgeries to an extent.
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 pharmaceuticals industry 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 lifecycles, tighter regulations, adverse media coverage & 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 R&D segment. The steady loss of patent protection has made the invention of new drugs vital for the sustenance and growth of the pharmaceuticals industry.
We cover almost all areas of the pharmaceuticals industry, including central nervous system, renal & cardiovascular system, gastrointestinal system, anti-infectives & target organs, immune system, oncology, blood & blood-forming organs, and endocrine system.If you wish to delve deeper into the market details and follow the latest trends, please write to us to engage with our analysts.