World pharmaceutical market distribution by submarket 2014-2020
This statistic shows the distribution of the total global pharmaceutical market sales from 2014 to 3rd quarter of 2020, by submarket. In 2020, the U.S. pharmaceutical market generated some 48 percent of total global market sales.
Global pharmaceutical market
In 2006, the United States pharmaceutical market accounted for half of the world’s market, with other established markets only accounting for about 37 percent. More recently, the gap between the American market and other markets has shrunk. In 2020, the U.S. market accounted for 48 percent, emerging markets accounted for 21 percent, and Europe totaled 20 percent of the global pharmaceutical market.
Revenue generated by the pharmaceutical market has continued to rise in North America, generating some 528 billion U.S. dollars in 2019. The Asian, African, and Australasian market has experienced even larger growth, from 172 billion euros in 2010 to 288 billion dollars in 2019.
In the United States, the pharmaceutical market makes up a small part of overall healthcare spending. Growth in drug expenditures in the United States has also slowed likely due to increased costs for consumers, new generic medication, conversion to over the counter drugs, and safety concerns. A large portion of pharmaceutical expenditure is dedicated to oncologics, respiratory agents, lipid regulators, antidiabetics, and antipsychotics. The world’s pharmaceutical market reached some 1.25 trillion U.S. dollars of revenue in 2019.
Global pharmaceutical market
In 2006, the United States pharmaceutical market accounted for half of the world’s market, with other established markets only accounting for about 37 percent. More recently, the gap between the American market and other markets has shrunk. In 2020, the U.S. market accounted for 48 percent, emerging markets accounted for 21 percent, and Europe totaled 20 percent of the global pharmaceutical market.
Revenue generated by the pharmaceutical market has continued to rise in North America, generating some 528 billion U.S. dollars in 2019. The Asian, African, and Australasian market has experienced even larger growth, from 172 billion euros in 2010 to 288 billion dollars in 2019.
In the United States, the pharmaceutical market makes up a small part of overall healthcare spending. Growth in drug expenditures in the United States has also slowed likely due to increased costs for consumers, new generic medication, conversion to over the counter drugs, and safety concerns. A large portion of pharmaceutical expenditure is dedicated to oncologics, respiratory agents, lipid regulators, antidiabetics, and antipsychotics. The world’s pharmaceutical market reached some 1.25 trillion U.S. dollars of revenue in 2019.
