#pharmerging market growth

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Pharmerging Market Is Expected To Grow Due To Increasing Disease Burden Of Chronic Disorders Till 2025: Grand View Research, Inc.

The global pharmerging market is expected to reach USD 2,231.9 billion by 2025, according to a new report by Grand View Research, Inc. This market is expected to grow due to increasing geriatric population, increasing disease burden of chronic disorders and increasing healthcare expenditure. According to the United Nations (UN), the number of people above the age of 60 years are estimated to be…

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The rising prevalence of non-transmissible illnesses, aging population, increasing life expectancy, surging government expenditure on health care, and constant research & development are some of the key factors that drive the growth of this market. However, IP protection issues and socio-political issues in cross geography transactions and stringent price control lead to value erosion and restrain the market growth. But growth opportunities in emerging markets and a positive outlook towards the adoption of targeted therapies will fuel the market growth in future.

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Pharmerging Market Size, Growth, Competitive Strategies and Forecasts, 2015 to 2025

24 December 2018, The Global Pharmerging Market is anticipated to witness steady CAGR over the forecast period. Factors such as rising population due to low infant mortality rates and high focus on developing innovative drugs are expected to boost the growth. Among 17 emerging countries; China, India, and Russia are projected to hold a major market share in near future.

Patent expirations and availability of low cost generic drugs are anticipated to slow down sales in matured markets such as U.S, Europe, Japan, Canada, and U.K. As a result, major players are expected to bring in new products to maintain and even expand their industry share. This factor is likely to drive the pharmerging market in the forthcoming years. Launch of innovative products for diseases such as lupus, diabetes, arrhythmia, melanoma, prostate cancer, and osteoporosis among others may positively influence expansion in near future.

Macroeconomic factors such as greater awareness about drugs in semi-urban and rural markets and epidemiological changes are anticipated to propel growth of the market for pharmerging over the forecast period. High prevalence of age-related disorders and rapid development in private hospital industry are also expected to bode well for expansion. Increased healthcare expenditure by governments is expected to further drive growth.

Emerging markets are likely to focus more on development of low cost generic drugs. This factor is anticipated to restrain growth of pharmerging in these regions. Changes in regulatory policies are likely to curb the growth as they have long-term impacts on pricing and medicine usage. Price sensitivity is another challenge likely to be faced by major companies. Regulatory norms such as the Affordable Care Act in U.S. and Japan’s price cut system are projected to rebalance spending priorities for markets.

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Possibility of including major drugs under Drug Price Control Order (DPCO) may affect the retail and wholesale margins earned by chemists. Lower margins are further expected to lead to reduced production rates. Some of the major pharmaceutical companies which have experienced a negative growth rate due to DPCO include Sanofi-Aventis, Lupin, Zydus Cadila, etc. this factor is expected to negatively influence growth pharmerging.

On the basis of pharma growth requirements, pharmerging countries are categorized into tier-I, tier-II, and tier-III. Tier-I includes China while Tier-II includes India, Brazil, and Russia. Tier-III includes Turkey, Indonesia, Thailand, Vietnam, Egypt, South Africa and Mexico. China is a very complex market and is expected to focus on sophisticated operating models. Shrinking prices, complex distribution system, different commercial models in different provinces, and regulations favoring domestic manufacturers are the primary challenges faced by new entrants in China.

Indian market is expected to be highly fragmented and competitive. Strategic planning coupled with new product launches can help major pharmaceutical companies to be successful in this region. Adaption of local trends and strategic market entry can help new entrants. Russia is likely to be very volatile, due to price control system for essential drugs. Also, policies such as substitution of imported drugs with locally manufactured equivalents may pose a challenge to major players.

The market in Brazil is anticipated to be commoditized in retail segment as unmet medical needs are mostly satisfied by nonretail drugs. Establishment of CITEC/CONITEC is likely to act as a barrier for product inclusions in funding programs. Innovation is focused on niche private segments as demand for expenditure on complex therapies is usually avoided.

Major players operating in the market for pharmerging are AstraZeneca, Sanofi, Merck, Pfizer, GlaxoSmithKline, Novartis, Abbott Laboratories, CSL Behring, Johnson & Johnson, Sun Pharmaceutical, Aspen, Teva Pharmaceutical, Bayer, Valeant Pharmaceutical, Biogen, Baxter, STADA, Mylan, Takeda Pharma, Alexion Pharmaceuticals, and Endo Health Pharmaceuticals. The market is highly fragmented due to the presence of small and medium businesses. Product launches, mergers and acquisitions, and innovations are anticipated to define competition among top players. Majority of companies focus on merger and acquisitions to expand market presence and increase profits.

Major pharmaceutical companies are expected to deal with some uncertainties in terms of regulation and pricing policies laid down to ensure a profitability. Anticipation and analysis of compliance risks and implementation of suitable market entry strategies are some of the popular business strategies.

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Market Research Reports Search Engine (MRRSE) has recently added a new report to its vast online database. This research study is titled as the global pharmerging market is experiencing a significant rise, especially in the emerging economies across the world. The rising prevalence of non-communicable diseases, aging population, increasing life expectancy, escalating income, surging government expenditure on health care, free trade agreement, and the constant research and development are some of the key factors behind the growth of this market.

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With the increasing incidence rate of various diseases, the demand for highly innovative and better outcome products is also increasing, which is likely to result in a substantial growth of this market in the future. The continual innovation and advancements in the drugs for the treatment of a host of diseases are also anticipated to drive this market over the next few years. The global market for pharmerging, which stood at US$552.8 mn in 2015, is expected to rise at a CAGR of 11.30% between 2016 and 2024 and reach a value of US$1.40 bn by the end of 2024.

Pharmaceutical Products to Witness Strong Growth in Near Future

On the basis of type of product, pharmaceuticals and healthcare are the two main segments of the global market for pharmerging. The pharmaceuticals segment dominated the overall market in 2016 with a share of 65.2%. The scenario is expected to continue like this over the next few years, thanks to the significant rise in the demand for both, the branded as well as generic drugs.

Apart from this, the increasing number of innovative therapies for the treatment of various diseases at affordable price is also projected to boost this segment in the years to come. On the other hand, the healthcare segment is likely to be driven by the growing emphasis on medical devices used in the diagnosis and treatment of a number of diseases.

Based on the indication, the worldwide market for pharmerging has been classified into lifestyle diseases, cancers and autoimmune diseases, and infectious diseases. Among these, lifestyle-borne and cancer and autoimmune diseases are projected to offer lucrative opportunities for the growth of this market with attractiveness index over the forthcoming years.

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Asia Pacific to Remain on Top

In terms of the geography, the global pharmerging market reports its presence across Latin America, the Middle East and Africa, Asia Pacific, North America, and Europe. With a share of 53%, Asia Pacific led this market in 2016. Researchers expect this regional market to remain on the top, thanks to rapid urbanization, increasing patent expiration, and the surge in the investments for medical research. China has emerged as the key domestic market for pharmerging in Asia Pacific.

Among other regional markets for pharmerging, Europe and Latin America are likely to witness healthy growth in the near future. Technological advancements, extensive research and development practices, and the increasing awareness regarding the treatment and the management of healthcare facilities are likely to propel the Latin America market. The Europe market is predicted to be drive by the large population size, growing disease prevalence, and the increasing health expenditure in the region.

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Global Pharmerging Market Services, Major Application, Elite Solutions, Top Health Programs 2017

Qyresearchreports include new market research report "Global Pharmerging Market Research Report 2017" to its huge collection of research reports.

A new intelligence study presents a comprehensive overview of the global Pharmerging market, offering insights into the key growth factors and lucrative opportunities. In addition, the key regional segments, product segmentation, and the primary applications have been discussed at length in the scope of the research report. The research report, with a view to offer a clear understanding of the global Pharmerging market, provides a detailed information regarding the key growth factors, current trends, recent developments, and the limitations faced by the prominent players operating in the overall market.

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The research report has furnished answers to several burning questions concerning the growth and development of the global Pharmerging market. Some of them are given below:

Which product segment is expected to lead in the global Pharmerging market? What is the anticipated growth rate of the global Pharmerging market in the forecast period? Which regional segment is estimated to account for a massive share of the global Pharmerging market? What are the primary driving factors of the global Pharmerging market? What are the vital challenges faced by the prominent players in the global Pharmerging market? Which current trends are likely to offer promising growth prospects in the next few years? How is the competitive landscape of the global Pharmerging market at present?

Furthermore, the study offers a detailed overview of the global Pharmerging market in terms of the competitive scenario. A list of all the leading players operating in the global Pharmerging market has been listed in the study, along with the key strategies that are being used by them in order to flourish and sustain in the market. Additionally, the company profiles, product portfolio, financial overview, SWOT analysis, mergers and acquisitions, and the latest developments have been discussed in the research study to offer a strong understanding of the global Pharmerging market.

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Table of Contents

Global Pharmerging Market Research Report 2017 1 Pharmerging Market Overview 1.1 Product Overview and Scope of Pharmerging 1.2 Pharmerging Segment by Type 1.2.1 Global Production Market Share of Pharmerging by Type in 2015 1.2.2 Tier 1 1.2.3 Tier 2 1.2.4 Tier 3 1.3 Pharmerging Segment by Application 1.3.1 Pharmerging Consumption Market Share by Application in 2015 1.3.2 Lung Cancer 1.3.3 Breast Cancer 1.3.4 Chronic Myeloid Leukemia 1.3.5 Lymphomas 1.3.6 Other 1.4 Pharmerging Market by Region 1.4.1 North America Status and Prospect (2012-2022) 1.4.2 Europe Status and Prospect (2012-2022) 1.4.3 China Status and Prospect (2012-2022) 1.4.4 Japan Status and Prospect (2012-2022) 1.4.5 Southeast Asia Status and Prospect (2012-2022) 1.4.6 India Status and Prospect (2012-2022) 1.5 Global Market Size (Value) of Pharmerging (2012-2022)

2 Global Pharmerging Market Competition by Manufacturers 2.1 Global Pharmerging Production and Share by Manufacturers (2015 and 2016) 2.2 Global Pharmerging Revenue and Share by Manufacturers (2015 and 2016) 2.3 Global Pharmerging Average Price by Manufacturers (2015 and 2016) 2.4 Manufacturers Pharmerging Manufacturing Base Distribution, Sales Area and Product Type 2.5 Pharmerging Market Competitive Situation and Trends 2.5.1 Pharmerging Market Concentration Rate 2.5.2 Pharmerging Market Share of Top 3 and Top 5 Manufacturers 2.5.3 Mergers & Acquisitions, Expansion

3 Global Pharmerging Production, Revenue (Value) by Region (2012-2017) 3.1 Global Pharmerging Production and Market Share by Region (2012-2017) 3.2 Global Pharmerging Revenue (Value) and Market Share by Region (2012-2017) 3.3 Global Pharmerging Production, Revenue, Price and Gross Margin (2012-2017) 3.4 North America Pharmerging Production, Revenue, Price and Gross Margin (2012-2017) 3.5 Europe Pharmerging Production, Revenue, Price and Gross Margin (2012-2017) 3.6 China Pharmerging Production, Revenue, Price and Gross Margin (2012-2017) 3.7 Japan Pharmerging Production, Revenue, Price and Gross Margin (2012-2017) 3.8 Southeast Asia Pharmerging Production, Revenue, Price and Gross Margin (2012-2017) 3.9 India Pharmerging Production, Revenue, Price and Gross Margin (2012-2017)

4 Global Pharmerging Supply (Production), Consumption, Export, Import by Regions (2012-2017) 4.1 Global Pharmerging Consumption by Regions (2012-2017) 4.2 North America Pharmerging Production, Consumption, Export, Import (2012-2017) 4.3 Europe Pharmerging Production, Consumption, Export, Import (2012-2017) 4.4 China Pharmerging Production, Consumption, Export, Import (2012-2017) 4.5 Japan Pharmerging Production, Consumption, Export, Import (2012-2017) 4.6 Southeast Asia Pharmerging Production, Consumption, Export, Import (2012-2017) 4.7 India Pharmerging Production, Consumption, Export, Import (2012-2017)

5 Global Pharmerging Production, Revenue (Value), Price Trend by Type 5.1 Global Pharmerging Production and Market Share by Type (2012-2017) 5.2 Global Pharmerging Revenue and Market Share by Type (2012-2017) 5.3 Global Pharmerging Price by Type (2012-2017) 5.4 Global Pharmerging Production Growth by Type (2012-2017)

6 Global Pharmerging Market Analysis by Application 6.1 Global Pharmerging Consumption and Market Share by Application (2012-2017) 6.2 Global Pharmerging Consumption Growth Rate by Application (2012-2017) 6.3 Market Drivers and Opportunities 6.3.1 Potential Applications 6.3.2 Emerging Markets/Countries

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Pharmerging Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030

The Global Pharmerging Market is projected to attain a CAGR of 18.3 % during the forecast period from 2021- 2030.

Pharmerging is referred as a group of countries having a lower rank on the pharmaceutical market but having a swift pace for growth. The key pharmerging markets are India, China, South Africa, Turkey Mexico, Russia among others.

Market Dynamics

The factors attributed to the growth of the pharmerging market are the growing geriatric population, increasing dispensable income, rising prevalence of non-communicable diseases, increasing life expectancy, rising government expenditure towards health care, free trade policies, and continuous R&D activities. In addition, the introduction of reimbursement schemes across numerous countries for cos reduction for the treatment of chronic diseases is also augmenting the market growth during the forecast period. Moreover, the rapid increase of insurance companies in pharmerging countries are delivering various insurance policies to minimize the extra expenditures is further propelling the demand for pharmaceuticals in such countries.

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The Global Pharmerging Market is segmented by product type, indications, economy, distribution channel, and region. Based on product type, it is categorized into healthcare and pharmaceuticals. Healthcare is further segmented into diagnostic instruments, medical devices, and others (IT and record management). Moreover, pharmaceuticals are also further bifurcated into generic drugs (branded & unbranded generics), OTC drugs, and branded prescription drugs. Indication type is categorized into cancer & autoimmune diseases, lifestyle diseases, infectious diseases, and others. By economy, it bifurcates into Tier - 1, Tier - 2, and Tier – 3. The distribution channel segments into clinics, e-commerce, hospitals, retail pharmacies, and drug stores. Based on regional insights, the global pharmerging market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).

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Pharmerging Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global pharmerging market provides qualitative and quantitative analysis for the period from 2017 to 2025. The report predicts the global pharmerging market to grow with a CAGR of 11.3% over the forecast period from 2019-2025. The study on pharmerging market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2017 to 2025. The report on pharmerging market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global pharmerging market over the period of 2017 to 2025. Moreover, the report is a collective presentation of primary and secondary research findings.

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Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global pharmerging market over the period of 2017 to 2025. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider. Report Findings 1) Drivers • The growing occurrence of non-transmissible illnesses • An increase in the geriatric population, growing life expectancy 2) Restraints • High costs, socio-political issues in cross geography transactions, and IP protection issues 3) Opportunities • High focus on developing innovative drugs Research Methodology A) Primary Research Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from the industry Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. B) Secondary Research Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include 1. Company reports and publications 2. Government/institutional publications 3. Trade and associations journals 4. Databases such as WTO, OECD, World Bank, and among others. 5. Websites and publications by research agencies Segment Covered The global pharmerging market is segmented on the basis of product, indications, and distribution channel. The Global Pharmerging Market by Product • Pharmaceuticals o Branded Prescription Drugs o Generic Drugs • OTC Drugs The Global Pharmerging Market by Indications • Lifestyle Diseases • Cancer and Autoimmune Diseases • Others The Global Pharmerging Market by Distribution Channel • Hospitals • Clinics • E-commerce • Drug Stores Expenditure. Company Profiles The companies covered in the report include • Abbott Laboratories • Koninklijke Philips N.V. • Merck & Co., Inc. • Novartis AG • Johnson & Johnson • Teva Pharmaceutical Industries Ltd. • AstraZeneca plc • GlaxoSmithKline plc. • Sun Pharmaceutical Industries What does this report deliver? 1. Comprehensive analysis of the global as well as regional markets of the pharmerging market. 2. Complete coverage of all the segments in the pharmerging market to analyze the trends, developments in the global market and forecast of market size up to 2025. 3. Comprehensive analysis of the companies operating in the global pharmerging market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company. 4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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Pharmerging Market Analysis, Historic Data and forecast 2020-2025

Summary – A new market study, titled "Pharmerging Market, By Product Types (Pharmaceuticals and Healthcare), By Geography (Tier I, Tier II and Tier III ) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated" has been featured on WiseGuyReports.

REPORT HIGHLIGHT

The Pharmerging market is estimated to represent a global market of USD 690.3 billion by 2019 with growth rate of 18.8%.

Also read – https://www.einnews.com/pr_news/523812634/pharmerging-market-global-industry-analysis-by-size-share-growth-trends-and-forecast-2020-2026

Market Dynamics

The pharmerging industry covers the study for developing countries where the use of pharmaceuticals is rapidly growing and is projected to experience strong growth in the future period. Countries such as China, India, Brazil, Russia, and South Africa among others are considered under the research scope. Drug spending in these economies is increasing at a constant rate, making them attractive targets for drug manufacturers to invest in. For instance, as per the International Federation of Pharmaceutical Manufacturers & Associations, pharmerging economies account for around 50% of absolute growth in drug spending every year.

There is a constant rise of people affected by chronic disorders due to the lifestyle changes. The number of cardiovascular, cancer, respiratory and diabetes patients are increasing monumentally. For example, cardiovascular conditions such as strokes, coronary heart disease, rheumatic heart disease, and cardiomyopathy are expected to be the major causes of mortality and morbidity in developing countries across the world. As per the World Health Organization statistics, more than 80% of cardiovascular deaths occur in low to middle-income countries. Additionally, an aging population, higher standards of living and advancement in technologies in the medical sector have led to a sharp increase in life expectancy. As a consequence, longer-lived individuals will create upward pressure on demand for pharmaceuticals & healthcare services. All such facts would in turn open up a new market for healthcare treatment that have traditionally been targeted at developed region patients.

COVID-19 Impact

The sudden challenges created by the ongoing COVID-19 outbreak are well-captured to exhibit the long term pharmerging market growth projections. The pharmerging industry growth sectors are identified with precision for a better growth perspective considering the political, economical and social impact of COVID-19 virus ourbreak.

Product Types Takeaway

In terms of product types, the industry is divided into Pharmaceuticals and Healthcare. Pharmaceuticals segment is further categorized as Patented, Generic and Over-the-Counter Therapeutics. In 2017, generic pharmaceuticals recorded USD 198.7 billion and the segment is projected to grow with strong CAGR during the future period. Healthcare segment is bifurcated as Medical Devices, In-Vitro Diagnostics, and others.

Regional Takeaway

Geographically, the industry is broadly categorized into Tier I, Tier II and Tier III economies. Chinese pharmerging market covers under the Tier I category which is considered one amongst the highest revenue generating country. In 2017, this category has captured over 52% of the worldwide market. According to China’s Ministry of Finance (MOF), healthcare expenditure in the country has increased by 10% in 2016. Due to this fact, out-of-pocket spending for healthcare needs in China has decreased, as the penetration of insurance has increased. As of 2015, almost 95.0% of the population is enrolled in at least one public health insurance scheme.

Tier II category include a detailed study for BRICS countries (except China) such as India, Russia, Brazil and South Africa. India and Brazil collectively accounted for over 60% revenue share of the countries considered under Tier II economy. As per the Pharmaceutical Export Promotion Council of India (PHARMEXCIL), the national pharmaceutical exports are projected to reach USD 20 million by 2020. The Indian pharmaceutical sector is highly fragmented with the presence of more than 15,000 manufactures. Tier III includes extensive qualitative and quantitative study for Turkey, Poland, Mexico, Argentina, Thailand, and Saudi Arabia. These countries represent a wide range of incomes, and GDP Mexico recorded USD 22.9 billion in 2017 and is projected to grow by over 8% CAGR during the study period.

Key Vendor Takeaway

Companies namely Pfizer, Inc., AstraZeneca, Roche, GE Healthcare, and Medtronic are actively operating in this industry. Attributes such as company overview, financials, product benchmarking and key initiatives were discussed separately. Key players are engaged in strategic collaborations to capture untapped market opportunities. For instance, in July 2017, AstraZeneca collaborated with Merck, Inc. to potential cancer therapeutic, MEK and PARP inhibitors in combination with PD-L1 medicines.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2016 to 2018

Base Year – 2019

Estimated Year – 2020

Projected Year – 2021-2027

TARGET AUDIENCE

The scope of this report covers the market by its major segments, which include as follows:

PHARMERGING MARKET, BY PRODUCT TYPES

Pharmaceuticals

Patented

Generic

Over-the-Counter

Healthcare

Medical Devices

In-Vitro Diagnostics

Others

PHARMERGING MARKET, BY REGION

Tier I

China

Tier II

India

Russia

Brazil

South Africa

Tier III

Turkey

Poland

Mexico

Argentina

Thailand

Saudi Arabia

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Pharmerging Market Size and Growth Factors Research and Projection 2023: Novartis AG, Johnson & Johnson, Teva Pharmaceutical Industries Ltd., etc.

Overview of the Report:

As per the new research report distributed by Acquire Market Research, titled

Pharmerging Market

research report from Acquire Insights covers market overview. The present global Pharmerging Market research report assists the market’s new bees as well as established players to study and guesstimate the Pharmerging Market scenario within the expected time. Numerous important market players are heading the global Pharmerging Market via embracing a massive part of the global Pharmerging Market.

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Pharmerging Market

Market Segmentation: 

Manufacturer Detail:

Abbott Laboratories, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, Johnson & Johnson, Teva Pharmaceutical Industries Ltd., AstraZeneca, GlaxoSmithKline plc., LUPIN, Tata Consultancy Services Limited, Sun Pharmaceutical Industries Ltd., Huadong Medicine Co. Ltd. etc.

Product Type Segmentation:

(Pharmaceuticals (Branded Prescription DrugsGeneric Drugs (Branded GenericsUnbranded Genericsand OTC Drugs), Healthcare (Medical DevicesDiagnostic Instrumentsand IT and Record Management), )

Industry Segmentation:

(Lifestyle Diseases, Cancer and Autoimmune Diseases, Infectious Diseases), After a thorough study on the global Pharmerging Market profit and loss, the Pharmerging Market detailed out the supply-demand, business escalation, government measures, commercial strategy, and various policies very genuinely. In the global Pharmerging Market research report, various important aspects such as regional market insights, region-wise trends, country-level analysis, competitive landscape, company market share analysis, and key company profiles are covered.

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The statistics demonstrated within the global Pharmerging Market research report symbolize possible opportunities in this market. It enables users to make strategic shifts to thrive their organizations. The report contains a study on the change in the dynamics of competition. It also provides specific awareness that helps you choose the right business executions and steps. The global systematically presents information in the form of organizational charts, facts, diagrams, statistical charts, and figures that represent the state of the relevant trading on the global and regional platform.

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Attributes and market execution are investigated using quantitative and qualitative techniques to give a clear picture of current and future growth trends. A precise market analysis based on geographic locations is also presented in this report. The global Pharmerging Market report offers the data diagrams, figures, and collateral that illustrates the state of the specific trade in the local and global scenario.

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Acquire Market Research is a shrine of world-class research reports from around the world and we offer you only the best in the industry when it comes to research. At Acquire, every data need will be catered to and met with a powerful world of choices. ""We understand the integral role data plays in the growth of business empires.""

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Pharmerging Market 2020-2025: Revenue Growth, Development And Demand Forecast

Pharmerging Market 2020-2025: Revenue Growth, Development And Demand Forecast

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Sep 05, 2020 (AmericaNewsHour) — REPORT HIGHLIGHT The Pharmerging market is estimated to represent a global market of USD 543.9 billion by 2017 with growth rate of 15.7%.

The pharmerging industry covers the study for developing countries where the use of pharmaceuticals is rapidly growing and is…

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Global and Chinese Pharmerging Contract Manufacturings Industry, 2018 Market Research Report

Global and Chinese Pharmerging Contract Manufacturings Industry, 2018 Market Research Report

Get Market Research publishes the following report: Global and Chinese Pharmerging Contract Manufacturings Industry, 2018 Market Research Report

The ‘Global and Chinese Pharmerging Contract Manufacturings Industry, 2013-2023 Market Research Report’ is a professional and in-depth study on the current state of the global Pharmerging Contract Manufacturings industry with a focus on the Chinese…

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Specialty PACS Market  to Record an Exponential CAGR by 2027

Global Specialty PACS Market: Introduction

Picture archiving and communication systems (PACS) is a medical imaging technology that electronically processes, stores, and retrieves digital medical images throughout the health care organization

Usage of PACS is mostly in radiology division to process and direct the diagnostic imaging procedures including ultrasound images, CT Scans, and MRIs

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The utilization of PACS disposes the need to physically document and store, retrieve, and send sensitive data, films, and reports. Rather, clinical documentation and images can be safely stored in outside servers and can be securely accessed from anywhere in the world utilizing PACS programming, workstations, and mobile devices.

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Key Drivers and Restraint of Global Specialty PACS Market

According to the WHO, the world’s population aged more than 60 years is expected to increase from 900 million to 2 billion from 2015 to 2050. Rise in geriatric population and hence increase in incidence of various diseases is one of the components driving the global specialty PACS market.

An increase in acceptance of Medical Imaging IT Solutions by the population has been seen because of convenience of access and storage. Hence, the government is taking initiatives to enhance the adoption of healthcare IT solutions.

Rise in investments in medical imaging is projected to boost the growth of the global specialty PACS market. In a survey taken in the U.S., out of 50 radiologists, 90% reported their workload had increased over the last few years. The main reason for it was increasing number of scans, cited by 78% of radiologists. This imposes that radiologists needs to read the scan quickly and accurately. Hence, the investments in Artificial Intelligence based medical imaging are growing exponentially. In 2018, the number of companies in the market reached to 113, which led the investments to reach around US$ 1.2 Bn.

Budgetary constraints are expected to obstruct the growth of the global specialty PACS market

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North America to Lead Global Specialty PACS Market

In terms of region, the global Specialty PACS market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

North America represents the largest share of global specialty PACS market and is expected to grow at a substantial rate due to the fast acceptance of technically advanced imaging frameworks and increasing occurrence of chronic diseases in the market

Europe is the second largest market for specialty PACS due to increase in number of diagnostic imaging centers in the region which has enhanced the medical imaging volumes

The market in Asia Pacific is expected to grow at a higher pace during the forecast period due to increase in awareness on the benefits of early diagnosis of the disease

Regions such as Latin America and Middle East & Africa are anticipated to be lucrative markets for specialty PACS during the forecast period due to upgraded health care infrastructure

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Key Players Operating in Global Specialty PACS Market

IBM Corporation (Merge Healthcare Incorporated)

McKesson Corporation

Agfa Healthcare

Carestream Health (a part of Onex Corporation)

Philips Healthcare

Sectra AB

Siemens Healthineers

Novarad

INFINITT North America

Intelerad Medical Systems

Topcon Corporation

Sonomed Escalon

Canon USA, Inc. (a subsidiary of Canon Inc.)

Visbion

EyePACS, LLC

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Pharmerging Market is Projected To Witness Extensive Growth by 2025

The global pharmerging market is expected to reach USD 2,231.9 billion by 2025, according to a new report by Grand View Research, Inc. This market is expected to grow due to increasing geriatric population, increasing disease burden of chronic disorders and increasing healthcare expenditure.

According to the United Nations (UN), the number of people above the age of 60 years are estimated to be 901 million in 2015. This number is expected to increase to 1.4 billion by 2030 and 2.1 billion by 2050. The increasing geriatric population boosts the demand for better treatment options for chronic diseases such as hyperlipidemia, hypertension, cancer, dementia, congestive heart failure. According to a study conducted by Deloitte in 2011, the geriatric population accounts for almost 23.0-40.0% of the prescription drug market, and 40.0-50.0% of the OTC drug market.

Another driving factor for the pharmerging market is increasing healthcare expenditure. The global healthcare spending is expected to increase from USD 7.83 trillion in 2013 to USD 18.28 trillion in 2040. It has also been estimated that there will an increase of 3.4%, 3.0%, 2.4% in healthcare expenditure in upper middle-level income countries, lower middle-level income countries and in low-income level countries respectively.

The increasing disease burden of chronic diseases in developing countries is boosting the growth in the market. According to the Global Health Observatory data, in 2015, 70.0% of the deaths were due to non-communicable diseases (NCD). The major NCDs are cardiovascular diseases (CVD) which caused 45.0% of all NCD deaths, cancer which caused 22.0% of all NCD deaths and chronic obstructive pulmonary disease (COPD) which causes 10.0% of all NCD deaths, and diabetes which caused 4.0% of all NCD deaths.

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