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Value share of pharmaceutical subsectors worldwide 2003 vs. 2020

Value share of the pharmaceutical market worldwide in 2003 and 2020, by subsector*

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Release date

September 2020



Survey time period

2003 and 2020

Supplementary notes

* Value means value of the commercial side of the drug sector. Torreya estimates it at approximately $6.65 trillion. Of this, $5.65 trillion is associated with publicly-traded companies.
In this statistic the biotech sector seems smaller than some might have expected. This is because the source classified a company with no approved product as a “biotechnology company” and a company with a marketed product that is not a big pharma, not a Japan pharma nor a China pharma as a specialty pharma company. Thus, many companies (think Incyte) that some would think of as biotech were classified as branded pharma.

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Statistics on "Pharmaceutical market worldwide"

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