In 2022, the COVID-19 pandemic continued to impact the global economy. Congestion at major global ports and lockdown measures in Mainland China have plunged the pharmaceutical industry into a crisis of supply chain disruptions. Meanwhile, the war in Ukraine and the sanctions imposed on Russia by various countries have triggered abrupt increases in the price of natural gas, oil, and food, exacerbating global inflation. These dynamics have persistently increased pharmaceutical expenditures across major global markets, prompting regulatory agencies worldwide to intensify the implementation of drug pricing and cost control mechanisms in an effort to curb the growth of the pharmaceutical market. According to data from Fitch Solutions, the size of the global pharmaceutical market in 2022 was approximately US$ 1.4 trillion, a 2.0% growth compared to 2021. The Compound Annual Growth Rate (CAGR) from 2018 to 2022 was 4.6%.
I、Definition and Scope of Industry
II、Development of Pharmaceutical Industry in 2022
III、Key Market
IV、Future Outlook for Global Pharmaceutical Industry
Table 1 Classification of Pharmaceutical-related Industries in Taiwan