While mega mergers dominated the news in 2019, several pharmaceutical companies made key smaller acquisitions to build their pipelines and commercial portfolios. GlaxoSmithKline also added to its oncology drug portfolio as well with its $5.1-billion acquisition of Tesaro, an oncology-focused company based in Waltham, Massachusetts. Jan 15, 2021 (Market Insight Reports) -- Overview for "Pharmaceutical Drugs … Although a niche modality, cell and gene therapies have been a recent active area of investment by pharmaceutical companies to add products to their pipelines and manufacturing capabilities. The Global Pharmaceutical Packaging market 2019 report includes market size, upstream situation, market segmentation, market segmentation, price & cost and industry environment. richard.s. Monitor the impact on your business. Fillers in the global pharmaceutical market are expected to reach an estimated $2 billion by 2024 with a CAGR of 5.7% from 2019 to 2024. It is priced starting at Global Industrial Touchscreen Market 2019 – Advantech, Cypress Semiconductor, Dell, B&R Industrial Automation, Elo Touch Solutions . Pfizer is now organized into three main areas: the Biopharmaceutical Group, which includes its prescription, innovator drugs; Upjohn, which includes its off-patent branded and generic established medicines business; and Consumer Healthcare, which includes its over-the-counter business. Mega mergers represented a leading theme for the pharmaceutical industry in 2019 and on top of the list was the $74-billion acquisition of Celgene by Bristol-Myers Squibb. The global pharmaceutical market will exceed $1.5 trillion by 2023 growing at a 3−6% compound annual growth rate over the next five years. Part of PwC s 22nd CEO Survey trends series. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook • The United States share of the global market will increase from 40.3% in … In 2018, Novartis made a large play in gene therapy with its $8.9-billion acquisition of AveXis, a Bannockburn, Illinois-headquartered clinical-stage gene-therapy company. Industries. This sub-sector has the potential for at least one transformational deal, similar to 2019, along with biotech deals of various sizes. Published by: ARCHC002: Report ID: 611671: Published date: Oct 03, 2019: Category: Pharmaceuticals and Healthcare: Total Pages: 100: Choose license type Buy Now: Request a Sample Enquiry Before Buying Check Discount: Report Description; Table Of Content; List Of Tables; The report provides a comprehensive … The rules of engagement in the global pharmaceutical industry are changing rapidly with disruption in this industry already well underway. This market research report provides information about Pharma & Healthcare, Country Overview (Pharma & Healthcare), Pharmaceutical Manufacturing industry. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Pharmaceutical R&D expenditure - Annual growth rate (%) Europe USA 0 2 4 6 8 10 2003-2007 2008-2012 2013-2017 5.8 7.4 2.6 0.8 3.0 8.9 IMPORTANCE OF PHARMACEUTICAL R&D In 2016 the pharmaceutical industry invested nearly € 34,000 million in R&D in Europe. Following its $11.9-billion acquisition in 2017 of Kite Pharma, a developer of cell therapies, Gilead announced plans earlier this year (July 2019) for a 67,000-square-foot facility in Oceanside, California for the development and manufacturing of viral vectors. The two companies will continue to operate as independent, separate organizations until close. Then you will be able to mark statistics as favourites and use personal statistics alerts. Are you interested in testing our corporate solutions? Pharma’s big budget gets bigger: The EvaluatePharma 2018 report suggests an increase in worldwide pharmaceutical R&D spending. Key Trends in the Industry. Eli Lilly and Company also made a deal to bolster its oncology drug portfolio with its $8-billion acquisition of Loxo Oncology, a Stamford, Connecticut-based biopharmaceutical company, in a deal completed in February 2019. 301 certified writers online Hadley Ward Mon - Fri, 9am - 6pm (EST) (212) 419-8286 email@example.com. Global pharma market is expected to be worth USD 1.57 trillion by 2023 as per "Global Pharmaceuticals Industry Analysis and Trends 2023" report by NAVADHI Market Research. Companies may improve R&D efficiencies by using big data and predictive analytics, or by directing less revenue toward replenishing pipelines. Directly accessible data for 170 industries from 50 countries Slightly down from 2018, the US FDA approved 48 new drugs and biologics in 2019, which still comes in as the third biggest approval class in the past 25 years. The report offers detailed coverage of Pharmaceutical Intermediates industry and main market trends. This statistic lines up some of the global top pharmaceutical companies' sales to assets ratio for the year 2019. Key deals completed in 2019 to build manufacturing capabilities in cell and gene therapies are Catalent’s $1.2-billion acquisition of Paragon Bioservices, a Baltimore, Maryland-based contract provider of viral vector development and manufacturing services for gene therapies, and Thermo Fisher Scientific’s $1.7-billion acquisition of Brammer Bio, a CDMO of viral vector manufacturing for gene and cell therapies. The “Global Pharmaceutical Market” divides the industry on the basis of the regions by growth, product types and applications, over the forecast period (2019-2024) of the Pharmaceutical market. The new Executive Director will be the fourth in EMA’s history. Hahn was nominated by President Donald Trump and the US Senate Committee on Health, Education, Labor & Pensions voted in favor of his confirmation; his confirmation now goes to the full Senate in a vote that is expected to occur before the end of 2019. "Leading 10 global pharmaceutical companies based on pharma revenue in 2019 (in billion U.S. As expected, this was largely driven by new product launches such as AbbVie’s Skyrizi and Novartis’ Zolgensma. API patent reform in the EU. For its part, Pfizer has been evaluating possible separation of its generics and established product business dating back to when the company was led by Ian Read, who stepped down as Chief Executive Officer (CEO) earlier this year (January 2019) with Albert Bourla, formerly the Chief Operating Officer of Pfizer, taking the role of CEO. Takeda is gaining positions in rare diseases and plasma-derived therapies, a position that Shire strengthened through its $32-billion acquisition in 2016 of Baxalta, the biopharmaceutical company spun off from Baxter Healthcare. Pharma. It covers Global market data and forecasts. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 1. This market research report provides information about Pharma & Healthcare, Country Overview (Pharma & Healthcare), Pharmaceutical Manufacturing industry. Landmark study shows pharma worse than the automotive industry for carbon emissions 6 June 2019 (Last Updated June 6th, 2019 15:34) In addition to the lack of awareness of pharma’s contribution to climate change, lack of adequate regulation is a key contributing factor. For more in-depth analysis of these and other critical issues that are reshaping the pharmaceutical landscape in 2019, download the “Top 5 Trends in the Pharmaceutical Industry in 2019” white paper. Update, Insights into the world's most important technology markets, Advertising & Media Outlook With the acquisition, Lilly gained Loxo’s Vitrakvi (larotrectinib), a treatment for adult and pediatric patients whose cancers have a specific genetic feature (biomarker). Now Johnson faces the same issue as he awaits a general election on December 12, 2019, designed as a vote of confidence and signal of support for his Brexit deal. This blog post covers a brief analysis of Global pharma industry in following sections: Forecast of Global Pharma Industry Growth Drivers and Inhibitors Industry Value Chain Analysis Pharma Industry R&D The companies divested the drug to Amgen for $13.4 billion last month (November 2019) as part of a condition for US Federal Trade Commission approval of the merger. In, Becker's Hospital Review. Mega mergers represented a leading theme for the pharmaceutical industry in 2019 and on top of the list was the $74-billion acquisition of Celgene by Bristol-Myers Squibb. Add Comment. Robbinsville, NJ 08691 Once the deal closes, the combined company would have 2019 annual combined revenue of approximately $48 billion and consist of several franchises in immunology, hematologic oncology, medical aesthetics, neuroscience, women’s health, eye care and virology. Some drugs, such as combination therapies, have multiple active ingredients to treat different symptoms or act in different ways. "Leading 10 Global Pharmaceutical Companies Based on Pharma Revenue in 2019 (in Billion U.S. Global Pharmaceutical Filtration Industry Pharmaceutical Filtration market worldwide is projected to grow by US$16. This feature is limited to our corporate solutions. The global generic drugs market reached a value of US$ 367 Billion in 2019, registering a CAGR of 5.7% during 2014-2019. The MarketWatch News Department was not involved in the creation of this content. 1 Billion, driven by a compounded growth of 10. The major … You can only download this statistic as a Premium user. The global pharmaceutical packaging market is projected to account for USD 95 billion in 2019. Viral vectors are a starting material in the production of cell therapies. The number two mega merger in 2019 is AbbVie’s pending $63-billion acquisition of Allergan, a deal that was announced in June 2019 and is expected to close in early 2020. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research expert covering health, pharma & medtech, Profit from additional features with an Employee Account. Despite the optimism for product innovation based on NME approvals in 2018, other issues may have a dampening effect, notably financing into the biopharmaceutical industry. March 4, 2020. The global pharmaceutical packaging market is projected to account for USD 95 billion in 2019. Takeda’s $62-billion acquisition of Shire. Economic uncertainty is growing, data science and artificial intelligence (AI) are primed for breakouts, costs are rising, and resources are limited. Accessed January 16, 2021. https://www.statista.com/statistics/281306/major-global-pharmaceutical-companies-based-on-pharma-revenue-2012/, Becker's Hospital Review. Spending on healthcare and pharmaceuticals are expected to continue to grow this year, according to Fitch Solutions. Read all Top Industry News: Click here for Pharma News + Click here for Supplier News. The second is a text analysis of investor statements from the largest pharma companies in the last quarter of 2019 and the first quarter of 2020. The new name of the company, Viatris, will be effective upon closing of the combination, which is expected to occur in mid-2020. 9. Outside of oncology, last month (November 2019), Novartis agreed to acquire The Medicines Company, a biopharmaceutical company focused on cardiovascular diseases, for $9.7 billion. In August 2019, Mylan and Pfizer agreed to combine Mylan with Upjohn, Pfizer’s off-patent branded and generic established medicines business, to form a new pharmaceutical company. From mega acquisitions to deal-making in cell and gene therapies, to shifting supply lines from a still-to-be resolved Brexit and ongoing trade talks in China, DCAT Value Chain Insights provides a Top 10 ranking of the most impactful developments from 2019. . Profit from additional features by authenticating your Admin account. As a Premium user you get access to the detailed source references and background information about this statistic. Share This! Get Reports . Global pharma market is expected to be worth USD 1.57 trillion by 2023 as per "Global Pharmaceuticals Industry Analysis and Trends 2023" report by NAVADHI Market Research. The SPC regulation, however, according to some, had the unintended effect of putting the European generic-drug, biosimilar, and API manufacturing industries at a competitive disadvantage vis-à-vis manufacturers producing in non-EU countries where no similar patent/SPC protection exists. New, Everything you need to know about the industry development, Find studies from all around the internet. 4%. The pending combination of Mylan and Pfizer’s generics and off-patent business to form Viatris. The combined Takeda and Shire will achieve combined annual revenue exceeding $30 billion, which is mainly derived from the key business areas of oncology, gastroenterology (GI), neuroscience, rare diseases, and plasma-derived therapies and also a position in vaccines. Statista. 4%. Leading 10 global pharmaceutical companies based on pharma revenue in 2019 (in billion U.S. dollars) [Graph]. The MarketWatch News Department was not involved in the creation of this content. The outcome of the general election will be a crucial test on how Brexit proceeds or not and whether the UK would exit the EU with a deal or not. Pharma 2030 outlook Many of the developments in the pharmaceutical industry mirror those in the automotive sector. The report begins from overview of industrial chain structure, and describes the upstream. Customer Support. Please do not hesitate to contact me. dollars)." The waiver came into force in July 2019, and companies will be able to start manufacturing under the waiver from July 2022. The global Pharmaceutical Industry software market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024. Landmark study shows pharma worse than the automotive industry for carbon emissions 6 June 2019 (Last Updated June 6th, 2019 15:34) In addition to the lack of awareness of pharma’s contribution to climate change, lack of adequate regulation is a key contributing factor. Loxo Oncology is focused on the development and commercialization of medicines for patients with genomically defined cancers. Organizational change at the top of the US Food and Drug Administration (FDA) was an important development in 2019 with FDA Commissioner Dr. Scott Gottlieb stepping down from his post in April and with his spot being filled on an interim basis by FDA Acting Commissioner Dr. Norman Sharpless, who served from April 5, 2019 to November 1, 2019. The strength of global pharma has been growing over the past year, according to the annual survey conducted for CPhI Worldwide. Global Pharmaceuticals Markets 2019-2023: Analysis on Market Shares & Company Profiles of Leading Players - ResearchAndMarkets.com July 15, 2019 04:59 AM Eastern Daylight Time The report forecast global Pharmaceutical Intermediates market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2025. Bolt-on acquisitions. The key question for the pharmaceutical industry in 2019 is whether the innovation train will continue to roll. UK Authorizes AstraZeneca’s COVID-19 Vaccine for Emergency Supply, Pfizer, BioNTech COVID-19 Vaccine Gets OK from the EMA, WuXi Biologics To Acquire Bayer Biomanufacturing Facility for $183 M, FDA Authorizes Moderna’s COVID-19 Vaccine for Emergency Use, AstraZeneca To Acquire Alexion for $39 Bn. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In 2018, the global Bio-Pharmaceutical Logistics market size was 71000 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 4.8% during 2019-2025. The key question for the pharmaceutical industry in 2019 is whether the innovation train will continue to roll. At the same time, the European Medicines Agency (EMA) is moving forward with plans to find a new Executive Director. How can industry CEOs strengthen existi ng capabilities and revenue streams, move into new markets, and embrace digital solutions? The FDA approved an … Announced in January 2019 and completed last month (November 2019), the newly combined company Read more 2. With the adoption of biodegradable and recyclable products, the growing emphasis of pharmaceutical packaging manufacturers on sustainability is expected to further fuel growth. Not included in the companies’ combined drug portfolios is Celgene’s blockbuster drug, Otezla (apremilast), a drug for treating moderate-to-severe plaque psoriasis and psoriatic arthritis. In July, Pfizer completed its acquisition of Array Biopharma, a Boulder, Colorado-based commercial-stage biopharmaceutical company for $11.4 billion. Humira posted 2018 global sales of $19.9 billion. The EMA issued a vacancy notice with the Official Journal of the European Union earlier this year (May 2019) for the position of Executive Director as the term of the current EMA Executive Director, Guido Rasi, is set to come to an end in November 2020. 6. > Global Pharmaceutical Industry Market Research & Statistics; Global Pharmaceutical Industry Market Research & Statistics. Active pharmaceutical ingredient (API) is a part of any drug that produces its effects. Announced in 2018, Takeda completed its $62-billion of Shire in January 2019, making it the first mega merger of 2019. Changing of the guard at the FDA and the EMA. Bristol-Myers Squibb’s $74-billion acquisition of Celgene. AbbVie’s pending $63-billion acquisition of Allergan. GlobalData Pharma’s 2019 industry outlook survey reveals that more than 50% of global industry respondents believe that drug pricing and reimbursement constraints will have the greatest negative impact on the pharmaceutical sector in 2019. According to IQVIA (MIDAS May 2019), 65.2% of sales of new medicines launched during the period 2013-2018 were on the US market, compared with 17.7% on the European market (top 5 markets). While the bio/pharma industry has largely not been targeted with tariffs or other trade barriers in recent trade actions, the industry potentially has risk because of its broad global network of manufacturing sites and suppliers. As 2019 comes to a close, what was the top news stories shaping the pharmaceutical industry? Like pharmaceuticals, the industry is relatively mature and made up of a few major players. Learn more about how Statista can support your business. Both the survey and the second round of investor statements were sourced during March and April 2020, at the peak of the COVID-19 pandemic. January 16, 2021. This publication examines the most recent data on pharmaceutical innovation and global health, access to medicines and healthcare systems, as well as the economic footprint of the pharmaceutical industry. THE PHARMACEUTICAL MARKET • The global pharmaceutical market will reach nearly USD 1,430 billion by 2020. Freedonia’s recent study showed that drug delivery products in the U.S is projected to reach $251 billion by 2019. Now we’re settling in to 2019 let’s take a glance at global pharma trends and what this means for the Irish Pharma sector for the year ahead. Generic and biosimilar makers will be required to notify authorities before they start production of their products at least three months in advance, meet labeling obligations to ensure that their products are not diverted to the EU, and inform their supply chains that the products are covered by the waiver and cannot be sold in the EU market before the Day-1 entry, according to information from the European Parliament. and over 1 Mio. Earlier this year (April 2019), AveXis announced it had agreed to purchase an advanced biologics therapy manufacturing campus in Longmont, Colorado to expand its manufacturing capacity for its gene therapy, Zolgensma (onasemnogene abeparvovec-xioi). Global shifts: Brexit and China The still-to-be resolved withdrawal of the UK from the European Union (EU) (i.e., Brexit) and escalating trade friction with China were two broader policy issues with implications for the pharmaceutical industry in 2019. The site joins Novartis’ network of cell and gene therapy sites that include sites in Morris Plains, New Jersey and Stein, Switzerland. A generic drug is a medicine that contains the same active ingredient and has an equivalent therapeutic effect as the branded drug. Of note, R&D is the “backbone” for success in any drug discovery program. Of the 12,300 medicines used in the UK, the UK estimates that around 7,000 come from or via the EU and the vast majority use the short Channel crossings (i.e., crossings between the English Channel and Continental Europe). With its $74-billion acquisition of Celgene, Bristol-Myers Squibb also gains cell-therapy manufacturing capabilities and product assets. The purpose of the original EU legislation that authorized SPCs, which was enacted in 1992, was to recompense product-development companies for the time taken to obtain regulatory approval of their medicines and give them longer market exclusivity in the form of a SPC. With the acquisition, Novartis would gain The Medicines Company’s investigational twice-yearly administered therapy in Phase III clinical development, inclisiran, for treating atherosclerotic heart disease and familial hypercholesterolemia, which results in high levels of low-density lipoprotein cholesterol (LDL-C). 8. 7. This report focuses on the global Bio-Pharmaceutical Logistics status, future forecast, growth opportunity, key market and key players. 4. Global shifts: Brexit and China The still-to-be resolved withdrawal of the UK from the European Union (EU) (i.e., Brexit) and escalating trade friction with China were two broader policy issues with implications for the pharmaceutical industry in 2019. Merck made an upfront payment of $1.2 billion in cash; additionally, former Peloton shareholders will be eligible to receive $50 million upon US regulatory approval, $50 million upon first commercial sale in the US and up to $1.05 billion of sales-based milestones. Two seismic shifts are starting to take effect. And automakers also face intense pressure from regulators – in their case to cut emissions, accelerating the move … UK Prime Minister Boris Johnson negotiated a new Brexit deal with the EU after taking over as Prime Minister from former Prime MinisterTheresa May, who resigned in 2019 following several unsuccessful attempts to gain approval by the UK Parliament of her negotiated Brexit deal with the EU. Global Pharmaceuticals & Medicine Manufacturing industry trends (2014-2019) poll Average industry growth 2015–2020: 1.5% Revenue for the Musical Instrument Manufacturing industry is expected to grow at an annualized 7.4% over the five years to 2020, to $9.3 billion. The key drivers of growth will continue to be the United States and pharmerging markets with 4−7% and 5–8% compound annual growth, respectively. It analyzes every major facet of the global Pharmaceutical by specifications of the product, restraints, challenges, and growth opportunities. It covers Global market data and forecasts. The UK pharmaceutical industry supports a Brexit deal to mitigate supply disruptions if the UK were to leave the EU without a deal. It is also identical in terms of safety, quality, dosage, strength, route of administration, intended use, effect, form, quality and side effects. Chart. 11–12 Nov 2019 | Royal Lancaster, London. Global Pharmaceutical Logistics Industry 2019 Research Report and Forecast 2025. Rasi has served two five-year terms as the EMA’s leader from 2011 to 2014 and will be completing his second five-year term in November 2020. Announced in January 2019 and completed last month (November 2019), the newly combined company has eight products with more than $1 billion in annual sales in core disease areas of oncology, immunology and inflammation, … The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. Becker's Hospital Review. For both Mylan and Pfizer, the deal represents the execution of previously announced plans or previous considerations for their companies. to Dec. 2020, Willingness to wait before getting COVID-19 vaccine once available in Italy 2020, Brazil: people planning on getting immunized against COVID-19 2020, Market capitalization change in key COVID-19 firms until end-May 2020, Top challenges for pharmaceutical companies during COVID-19 2020, Launch disruption on global pharmaceutical market due to coronavirus 2020-2025, Covid-19 impact: global pharma specialty excipient demand CAGR 2019-2024, In-vitro diagnostics market revenues worldwide 2018-2027, Global ventilator market size by type 2018-2026, Number of COVID-19-related EUAs for ventilators developed by company May 2020, Respiratory devices with potential being modified to ventilators by company 2020, Weekly ventilator production change in U.S. due to COVID-19 until April 2020, Cumulative EUAs granted to COVID-19 tests March-November 2020, Accuracy figures for selected COVID-19 antibody tests sold in the US 2020, Number of COVID-19 tests carried out daily in U.S. March-November2020, Rate change of COVID-19 testing in select countries April-November 2020, Projected top pharmaceutical companies based on new sales 2020, Brazil: leading pharmaceutical & cosmetics companies 2019, by revenue, Top 10 global pharmaceutical companies by revenue 2019, Top 50 pharmaceutical companies by prescription sales and R&D spending 2012, Most advertised prescription drugs in the U.S. in 2017, by print ad spending, Value of exported pharmaceutical drugs from Japan 2018, by major country, Leading 10 global pharmaceutical companies based on pharma revenue in 2019 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. The deal gives Takeda both reward—increased product diversification and a larger footprint in the US—but also risk—$30.85 billion in new borrowing to finance the deal. facts. Try our corporate solution for free! Pharmaceutical sales are forecasted to increase at double digital rates by these new markets. Kite’s facility will be constructed within an existing Gilead biologics operations facility in Oceanside and will become part of Kite’s commercial manufacturing network that includes sites in California, Maryland and the Netherlands. 5. You only have access to basic statistics. In 2019, the global pharmaceutical industry continued to grow at a rapid pace, making an estimated $1.3 trillion. The manufacturing waiver for SPCs has been the subject of great debate between the generics/biosimilars industry and innovator drug companies. The companies expect to achieve $2.5 billion in cost synergies. 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