Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Global Therapeutics Market (2024 Edition): Analysis By Molecule Type (Biologics and Biosimilars, Small Molecules), By Therapeutic Area, By Region, By Country: Market Insights and Forecast (2020-2030)" report has been added to ResearchAndMarkets.com's offering.
The Global Therapeutics market showcased growth at a CAGR of 6.61% during 2020-2023. The market was valued at USD 686.97 Billion in 2023 which is expected to reachUSD 1.11 trillion in 2030.
The research report provides a complete analysis for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030. The report analyses the Therapeutics Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, Japan, India).
Chronic diseases like cancer, heart disease, diabetes, and neurological disorders are fueling the global therapeutics market. The World Health Organization (WHO) reports these conditions as the leading cause of death and disability, accounting for over 70% of all deaths. This rise is attributed to factors like an aging population, unhealthy lifestyles, and environmental pollution.
Furthermore, the rapidly aging population, with the number of people over 60 expected to reach 2 billion by 2050, creates a growing demand for treatments for age-related conditions like Alzheimer's, dementia, and osteoporosis. Additionally, the elderly are more prone to multiple chronic conditions, necessitating the development of combination therapies and effective management strategies.
Looking ahead, the global therapeutics market is poised for continued growth due to the increasing focus on innovation, personalized medicine, and cost-effectiveness, creating new opportunities for market players. Additionally, the growing threat of antibiotic resistance underscores the need for novel antimicrobial therapies.
Therapeutics Market: Historic and Forecast
Impact Analysis of Macro Economic Factors on Therapeutics Market
- Global biotech spending
- Pharmaceutical R&D expenditure in Europe, USA, Japan and China
- Total Active API DMFs, by country
- Top 10 Generic Products with Greatest Savings in 2022
- Global Therapeutics Market: Dashboard
- Global Therapeutics Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
- Global Therapeutics Market: Market Value Assessment
- Assessment Degree of Impact of COVID-19 on Therapeutics Market
Global Therapeutics Market Segmentation: By Molecule Type
- Global Therapeutics Market, By Molecule Type Overview
- Global Therapeutics Market Attractiveness Index, By Molecule Type
- Global Therapeutics Market Size, By Biologics and Biosimilars, By Value, 2020H-2030F (USD Billion & CAGR)
- Global Therapeutics Market Size, By Small Molecules, By Value, 2020H-2030F (USD Billion & CAGR)
Global Therapeutics Market Segmentation: By Therapeutic Area
- Global Therapeutics Market, By Therapeutic Area Overview
- Global Therapeutics Market Attractiveness Index, By Therapeutic Area
- Global Therapeutics Market Size, By Oncology, By Value, 2020H-2030F (USD Billion & CAGR)
- Global Therapeutics Market Size, By Infectious Disease, By Value, 2020H-2030F (USD Billion & CAGR)
- Global Therapeutics Market Size, By Cardiovascular Disease, By Value, 2020H-2030F (USD Billion & CAGR)
- Global Therapeutics Market Size, By Diabetes/Obesity, By Value, 2020H-2030F (USD Billion & CAGR)
- Global Therapeutics Market Size, By Immunology, By Value, 2020H-2030F (USD Billion & CAGR)
- Global Therapeutics Market Size, By Other Therapeutic Areas, By Value, 2020H-2030F (USD Billion & CAGR)
Analyst Recommendations
- Personalized Medicine
- Targeted therapy with Nanomedicine
Competitive Positioning
Companies' Product Positioning
- Market Position Matrix
- Market Share Analysis of Therapeutics Market
Company Profiles
- Sanofi
- Cipla
- Pfizer
- GSK PLC
- Novartis AG
- Bayer AG
- Merck & Co., Inc.
- F. Hoffmann-La Roche AG
- Abbott Laboratories
- Gilead Sciences, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/geq8u4
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