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World pharmaceutical market: changes in revenue by region 2017

Change in revenue on the global pharmaceutical market in 2017, by region

by Matej Mikulic, last edited Jan 3, 2019
World pharmaceutical market: changes in revenue by region 2017 This statistic shows the change in revenue on the global pharmaceutical market in 2017, by region. In that year, the Latin American pharmaceutical market reported a growth of seven percent compared to the previous year.
Global pharmaceutical market

The pharmaceutical market has experienced the largest changes in Latin America. The North American industry garnered a two percent increase in revenue from 2016 to 2017 while the EU’s revenues increased by three percent. Emerging markets consist of 21percent of the industry’s market value in 2016 in comparison to only 13 percent in 2006. Countries like China are rapidly reforming the medical industry. China’s five year plan (2011-2015) intends to overhaul the health care system and increase insurance coverage. Government stimulus, increased health awareness, and improved R&D capabilities are driving China’s pharmaceutical industry growth. An increasingly large as well as aging population has also helped to expand the healthcare system. The country generated some 122 billion U.S. dollars in pharmaceutical industry revenue in 2017. The pharmaceutical industry in countries like China has many opportunities that are conducive to its growth.

In 2017, the North American pharmaceutical market generated 416 billion euros in revenue while Asia, Africa and Australasia, collectively, account for 219 billion euros in total. Currently, the global pharmaceutical industry is worth over 1.1 trillion U.S. dollars in market value.
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Change in revenue on the global pharmaceutical market in 2017, by region

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