Pharmaceutical industry - number of new substances 1992-2018

Between 2014 and 2018, American companies introduced a total of 125 new chemical or biological substances. Within the same period, Europe and Japan produced 67 and 34 new entities, respectively.

Total R&D spending

In 2018, the global pharmaceutical industry spent roughly 180 billion U.S. dollars on research and development. Global pharmaceutical R&D expenditures have been increasing with each consecutive year since 2012 and are expected to keep growing: worldwide R&D spending is projected to reach over 210 billion U.S. dollars by 2024.

Patent expiration

Once the patent protection date of a branded drug expires, other pharmaceutical companies can take this opportunity to make cheaper versions of the original (a.k.a. generics). In 2018, about forty billion U.S. dollars’ worth of prescription drug revenue was at risk due to patent expiration worldwide. In that same year, some 380 billion U.S. dollars’ worth of revenue was generated through branded prescription medication in the U.S., while an estimated total of around 102 billion U.S. dollars was earned through branded and unbranded generics.

Number of new chemical or biological entities developed between 1992 and 2018, by region of origin

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

2019

Region

Worldwide

Survey time period

1997 to 2018

Supplementary notes

EFPIA stands for the European Federation of Pharmaceutical Industries and Associations.
This statistic was assembled from several editions of this report.

Open this statistic in...
Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 / Month *
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Pharmaceutical market worldwide"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.