North America Pharmaceutical Market Size & Outlook
North America pharmaceutical market, 2018-2030 (US$M)
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North America pharmaceutical market highlights
- The North America pharmaceutical market generated a revenue of USD 689,076.6 million in 2024.
- The market is expected to grow at a CAGR of 5.9% from 2025 to 2030.
- In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule in 2024.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 689,076.6 million |
| Market revenue in 2030 | USD 974,252.9 million |
| Growth rate | 5.9% (CAGR from 2025 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules) |
| Key market players worldwide | Merck & Co Inc, Roche Holding AG, Novartis AG ADR, AbbVie Inc, Johnson & Johnson, Pfizer Inc, Bristol-Myers Squibb Co, Sanofi SA, GSK PLC, Takeda Pharmaceutical Co Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 41.9% of the global pharmaceutical market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 503,932.0 million by 2030.
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Pharmaceutical Market Scope
Pharmaceutical Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America pharmaceutical market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical market will help companies and investors design strategic landscapes.
Conventional drugs (small molecules) was the largest segment with a revenue share of 57.47% in 2024. Horizon Databook has segmented the North America pharmaceutical market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
The North American pharmaceutical market, encompassing the U.S., Canada, and Mexico, is experiencing significant growth driven by several key factors.
A primary driver is the rising prevalence of chronic diseases, such as diabetes, cardiovascular disorders, and cancer, which necessitates ongoing pharmaceutical interventions. Additionally, an aging population contributes to increased demand for various medications, as older adults are more susceptible to multiple health conditions.
Technological advancements in drug development, including the emergence of biologics and personalized medicine, have further propelled market expansion. Substantial investments in research and development by leading pharmaceutical companies have led to innovative therapies, enhancing treatment efficacy and patient outcomes.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America pharmaceutical market , including forecasts for subscribers. This continent databook contains high-level insights into North America pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America pharmaceutical market size, by country, 2018-2030 (US$M)
North America Pharmaceutical Market Outlook Share, 2024 & 2030 (US$M)
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