Market Analysis - Pharma Expo 2020
Pharmaceutical research work experienced tremendous growth in the past five years. In the next five years growth will increase to 40% as per the market value. Top Companies involved in the Pharmaceutical sales are Pfizer, Johnson & Johnson, Merck, Abbott, etc. from United States.
European countries also play major role in the sales of pharmaceutical products from companies like Novartis, GlaxoSmithKline, Astra Zeneca, French sanofi, Roche, etc.
There is rapid growth in the market and research environment in emerging economies such as Brazil, China and India, leading to a gradual migration of economic and research activities from Europe to these fast-growing markets. In 2012 the Brazilian and Chinese markets grew by 16% and 21% respectively compared to an average market growth of minus 2% for the five major European markets and minus 1% for the US market (source: IMS Retail Drug Monitor – February 2013).
In 2012 North America accounted for 41.0% of world pharmaceutical sales compared with 26.7% for Europe. According to IMS data, 62% of sales of new medicines launched during the period 2007-2011 were on the US market, compared with 18% on the European market.
In 2011 the pharmaceutical industry invested about € 29,200 million in R&D in Europe. A decade of strong US market dominance led to a shift of economic and research activity towards the US from 1995-2005. Additionally, Europe is now facing increasing competition from emerging economies: rapid growth in the market and research environments in countries such as Brazil and China are contributing to the move of economic and research activities to non-European markets. The geographical balance of the pharmaceutical market – and ultimately the R&D base – is likely to shift gradually towards emerging economies.
World Pharma Expo, the Pharmaceutical Conference 2020 gives the chance to Discuss and Present the research works and Offering a Novel Open Door for all the Pharma experts and Pharma Professionals around the world to participate at the World Pharma Congress to meet , Organize and see the new Logical developments of Pharma Industry