The global pharmaceutical market size was valued at 1.2 trillion US dollars in 2020, a 3.1% increase compared to 2019. From 2016 to 2020, the market size grew at a CAGR (Compound Annual Growth Rate) of 2.6%. It is predicted that with the launch of various Covid-19 vaccines, drugs, and diagnostic products, as well as the demand for innovative drugs, the market size will reach 1.6 trillion US dollars by 2025 and grow at a CAGR of 4.2% between 2021 and 2025.
I、Definition and Scope
II、Development of Pharmaceutical Industry in 2020
III、Key Markets
IV、Future Outlook for Global Pharmaceutical Industry
V、Development Directions of Taiwan’s Pharmaceutcal Industry and Suggestions
Table 1 Categorization of Pharmaceutical Industry in Taiwan