Global Pharmaceutical Market will reach $929 billion in 2012, says New Report

Dec. 5, 2008 - PRLog -- Piribo, the online destination for business intelligence for the biotech and pharmaceutical industry, has added a new report offering a comprehensive outlook of the global pharmaceutical market.

The report “Pharmaceutical Market Trends, 2008 - 2012”, available at http://tinyurl.com/5rcpd5 provides a detailed trend analysis and four-year forecast of the global pharmaceutical market. In order to help inform pharmaceutical decision-making, particularly in the areas of corporate planning, portfolio management and market forecasting, it presents a series of market forecasts and growth opportunities.

It reports that, in 2007, the global pharmaceutical market grew to US$712 billion at a compound annual growth rate (CAGR) of 10% between 1999 and 2007. Year-on-year the global pharmaceutical market increased to 10.7% in 2007, largely as a result of strong sales for new innovative products and high market growth in emerging pharmaceutical markets such as China.

With consistent and up-to-date data and analysis providing a single-point reference for understanding key pharmaceutical market trends in 2008, key findings of the 142-page report include:
•   The global pharmaceutical market is forecast to grow to $929 billion in 2012, an equivalent CAGR of 5.5% over the next five years.
•   In 2007 the leading therapy areas by sales were CNS with 16.5% share and cardiovascular with per cent.
•   Four of the top 10 products in 2007 are forecast to increase sales over the next five years.
•   The US retail pharmaceutical market grew to $206 billion, however growth rates fell due to loss of patent protection on some blockbusters
•   France, Germany and the UK together accounted for almost 50% of all European pharmaceutical sales in 2007.
•   The top 100 blockbuster drugs generated sales of $252.5 billion, accounting for 35.5% of the total pharmaceutical market.
•   The leading blockbuster by increased sales revenues in 2007 was the blood agent product Plavix, marketed by Sanofi-Aventis and Bristol-Myers Squibb.
•   There were a total of 61 companies generating pharmaceutical sales in excess of $1 billion in 2007

The report includes a comprehensive market trends for key countries, regions, therapy areas, products and companies as well as country profiles for leading pharma markets with market segment trends and five-year forecasts. Furthermore, it offers therapy area profiles for leading therapeutic classes and key products and 2010 sales forecasts and detailed profiles of 10 leading pharmaceutical products in 2007, including five year future sales forecasts.

The report “Pharmaceutical Market Trends, 2008 - 2012” is available from Piribo. For further information, please visit:  
http://www.piribo.com/publications/general_industry/pharm...

Piribo product ID: URC151

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About Piribo.
Piribo (http:www.piribo.com) is a UK-based independent online store supplying business information on the pharmaceutical and biotechnology industries. The website now carries over 10,000 English language titles including, market reports, studies and books and is the UK’s largest online biopharma information store. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. The company was established in 2004.