Global Pharmaceutical Market Size & Outlook, 2024-2030
Global pharmaceutical market, 2018-2030 (US$M)
Related Markets
Global pharmaceutical market highlights
- The global pharmaceutical market generated a revenue of USD 1,645,749.4 million in 2024 and is expected to reach USD 2,350,429.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.1% by 2030.
- In terms of segment, conventional drugs (small molecules) accounted for a revenue of USD 947,357.7 million in 2024.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 1,645,749.4 million |
| Market revenue in 2030 | USD 2,350,429.1 million |
| Growth rate | 6.1% (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) |
Other key industry trends
- In terms of revenue, the North America accounted for 41.9% of the global pharmaceutical market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 27,766.2 million by 2030.
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Pharmaceutical Market Scope
Pharmaceutical Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 57.56% in 2024. Horizon Databook has segmented the Global pharmaceutical market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Pharmaceutical Molecule Outlook (Revenue, USD Million, 2018-2030)
- Biologics & Biosimilars (Large Molecules)
- Monoclonal Antibodies
- Vaccines
- Cell & Gene Therapy
- Others
- Conventional Drugs (Small Molecules)
- Biologics & Biosimilars (Large Molecules)
- Global Pharmaceutical Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Hospital Pharmacy
- Retail Pharmacy
- Others
- Global Pharmaceutical Disease Outlook (Revenue, USD Million, 2018-2030)
- Cardiovascular diseases
- Cancer
- Diabetes
- Infectious diseases
- Neurological disorders
- Respiratory diseases
- Autoimmune diseases
- Mental health disorders
- Gastrointestinal disorders
- Womens Health Diseases
- Genetic and Rare genetic diseases
- Dermatological conditions
- Obesity
- Renal diseases
- Liver conditions
- Hematological disorders
- Eye conditions
- Infertility conditions
- Endocrine disorders
- Allergies
- Others
- Global Pharmaceutical Route of Administration Outlook (Revenue, USD Million, 2018-2030)
- Oral
- Tablets
- Capsules
- Suspensions
- Other
- Topical
- Parenteral
- Intravenous
- Intramuscular
- Inhalations
- Other Routes of Administration
- Oral
- Global Pharmaceutical Product Outlook (Revenue, USD Million, 2018-2030)
- Branded
- Generics
- Global Pharmaceutical Age Group Outlook (Revenue, USD Million, 2018-2030)
- Children & Adolescents
- Adults
- Geriatric
- Global Pharmaceutical Type Outlook (Revenue, USD Million, 2018-2030)
- Prescription
- OTC
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global pharmaceutical market databook
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Our clientele includes a mix of pharmaceutical market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global pharmaceutical market , including forecasts for subscribers. This global databook contains high-level insights into Global pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global pharmaceutical market size, by regions, 2018-2030 (US$M)
Top 10 countries: Pharmaceutical market size, 2024 (US$M)
Global pharmaceutical market share, by molecule, 2024 & 2030 (%, US$M)
Pharmaceutical market: Opportunity assessment by country
Global pharmaceutical market, by region, 2024 (US$M)
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