The pharmaceutical industry is important because it is a major source of medical innovation.
Rohan Deshpande
Sector Expert
The pharmaceutical industry continues to develop and manufacture drugs and medications to control and eliminate diseases in the world.The total global pharmaceutical market is valued at about 1.2 trillion U.S. dollars.The global pharmaceuticals market was worth $934.8 billion in 2017 and will reach $1170 billion in 2021, growing at CAGR 5.8%.