A recent report published by Infinium Global Research on pharmerging market provides in-depth analysis of segments and sub-segments in the global as well as regional pharmerging market
Pune, India -- (SBWIRE) -- 12/02/2019 -- The Infinium Global Research analyzes the "Pharmerging Market (Product - Pharmaceuticals, and OTC Drugs; Indications - Lifestyle Diseases, Cancer and Autoimmune Diseases, and Others; Distribution Channel - Hospitals, Clinics, E-commerce, and Drug Stores Expenditure): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global pharmerging market is projected to grow at a CAGR of 11.3% over the forecast period of 2019-2025.
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Developing Innovations to Create Drugs Generate Opportunities For Pharmerging Market
The growing prevalence of non-communicable diseases and a rise in life expectancy are the major factors driving the growth of the pharmerging market globally. Growing healthcare expenditure and continuous research and developments are the other factors for the growth of pharmerging market. Furthermore, the rise in the elderly population also plays a vital role in market growth. Besides, the increase in the number of private hospitals also fuels the growth of the market.
However, high costs, socio-political issues in cross geography transactions, and IP protection issues are some of the major factors that may hamper the growth of the Pharmerging market during the forecast period. Moreover, a high focus on developing innovative drugs creates an opportunity for the growth of pharmerging market in the next few years.
Pharmaceutical Segment Anticipated To Grow at a Rapid Pace Over the Forecast Period
The global pharmerging market is divided into products, indications, and distribution channels. Based on the product, the pharmerging market is segmented into pharmaceuticals, OTC Drugs, and healthcare. Pharmaceutical is further sub-segmented into branded prescription drugs and generic drugs. Healthcare is further sub-segmented into medical devices, diagnostic instruments, others (IT and record management).
Meanwhile, based on indications, the market is categorized into lifestyle diseases, cancer and autoimmune diseases, infectious diseases, and other indications. In terms of distribution, the market is fragmented into hospitals, clinics, retail pharmacies, e-commerce, and drug store expenditure. Hospital segment holds the maximum market share due to the large patient pool.
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Asia-Pacific Holds Dominant Share Owing to Rapid Urbanization in the Market
Geographically, the global pharmerging market is categorized into North America, Europe, Asia Pacific, and the Rest of the World. Among all, Asia Pacific holds the maximum market share and is expected to dominate the pharmerging market during the forecast period. This is mainly due to rapid urbanization, growth in patent expiration. Also, rising investments for medical research lifts the market growth in the Asia Pacific region. China is leading the pharmerging market in the Asia Pacific region due to the high population base and continuous research and developments in the pharmaceutical and medical and healthcare industries.
Europe and America are likely to grow at a rapid speed during the forecast period. Technological advancements, progressive research and development practices, and the enhancing consciousness connecting to the management of healthcare facilities will increase the America market. However, the Europe pharmerging market is projected to be driven by the collective occurrence of chronic diseases, the presence of large population size, and the rise in health.
Pharmerging Market: Competitive Landscape
The global Pharmerging Market comprises players such as Abbott Laboratories, Koninklijke Philips N.V., Merck & Co., Inc., Novartis AG, Johnson & Johnson, Teva Pharmaceutical Industries Ltd., AstraZeneca plc, and GlaxoSmithKline plc. And Sun Pharmaceutical Industries Ltd.
Browse Complete Global Report and Detailed TOC: https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-pharmerging-market
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the Pharmerging.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.