Pharmaceutical Products & Market
Statistics and facts on pharmaceutical market and products
The pharmaceutical industry is responsible for the development, production and marketing of medications. Thus, its immense importance as a global sector is evident. The total level of pharmaceutical revenue worldwide had reached nearly one trillion U.S. dollars. Branded, patented medicines by far make up the largest share of pharmaceutical revenues. On the other hand, generics are of substantial importance for the availability of medicines to large parts of the population.
Based on prescription sales, NYC-based Pfizer is the world’s largest pharmaceutical company. In 2012, the company generated some 47 billion U.S. dollars in pure pharmaceutical sales, while total revenue stood at nearly 60 billion U.S. dollars. Other top global players from the United States are Johnson & Johnson, Merck and Abbott. Novartis and Roche from Switzerland, GlaxoSmithKline and AstraZeneca from the United Kingdom, and French Sanofi are the European big five.
Oncologics continue to generate the largest amount of revenue among all therapeutic classes. In 2012, more than 60 billion U.S. dollars of revenue were made globally by cancer drugs. Other best-selling therapeutic classes for the pharmaceutical industry were pain drugs, antihypertensives and antidiabetics.
More than any other industry, the pharmaceutical sector is highly dependent on its research and development segment. The top pharmaceutical companies invest up to 20 percent of their revenues in R&D measures. The United States is a traditional stronghold of pharmaceutical innovation.