Statistics
Healthcare/ Pharma Trends
The global healthcare / pharma market has experienced significant growth during the past two decades, and revenues worldwide was USD $1.25 Trillion by 2019.
However, estimated pharma sales shows that markets of North America and Europe will still be leaders till 2023. Some of the largest European organizations are Novartis, Roche, GlaxoSmithKline, and Sanofi.
This sector depends on R&D, with some of them spends almost 20 % of their sales revenues in R&D projects only.
The industry faces challenges like rising customer expectations, poor scientific productivity and cultural scenarios. Hence the global leaders need to resolve these to stay in competition in ever-growing industry.