The global market for Pharmerging was estimated at US$1.8 Billion in 2023 and is projected to reach US$3.5 Billion by 2030, growing at a CAGR of 9.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Pharmerging markets are playing a critical role in driving the global pharmaceutical industry's growth as they offer substantial opportunities for pharmaceutical companies to expand their presence and tap into new revenue streams. The increasing adoption of Western-style healthcare practices, coupled with government initiatives to improve healthcare coverage and affordability, is boosting the demand for medicines in these regions. Moreover, the rising incidence of chronic diseases such as diabetes, cardiovascular disorders, and cancer - driven by changing lifestyles, urbanization, and aging populations - is creating a strong demand for both chronic and specialty medications. The pharmerging markets' growing share of global pharmaceutical sales is making them a strategic focus for multinational pharmaceutical companies seeking to offset slowing growth in mature markets such as North America and Europe.
The integration of digital technologies in healthcare is also enabling the collection and analysis of health data, supporting better disease management and healthcare planning. EHRs and health information systems are being used to streamline patient data management, improve treatment outcomes, and reduce medical errors. These technologies are helping pharmerging markets overcome challenges related to healthcare accessibility, resource constraints, and healthcare quality, supporting the overall growth of the pharmaceutical sector. Furthermore, the implementation of health technology assessment (HTA) frameworks and pharmacoeconomic evaluations is enabling governments and healthcare payers in pharmerging markets to make informed decisions regarding the adoption of new therapies and healthcare interventions, ensuring that healthcare resources are used efficiently.
Healthcare reforms aimed at expanding healthcare access and affordability are also playing a pivotal role in transforming the pharmerging market. Many pharmerging countries are implementing universal health coverage (UHC) schemes, national health insurance programs, and price control measures to ensure that essential medicines and healthcare services are accessible to a larger segment of the population. For example, the Indian government's “Ayushman Bharat” health insurance scheme and China's National Reimbursement Drug List (NRDL) reforms are increasing the availability and affordability of medications for millions of citizens. These reforms are driving demand for both branded and generic drugs, creating new opportunities for pharmaceutical companies to reach underserved populations.
Additionally, the adoption of biosimilars and generic drugs is gaining momentum in pharmerging markets as governments promote the use of cost-effective therapies to reduce healthcare expenditures. Biosimilars, which are lower-cost versions of biologic drugs, are being increasingly accepted as alternatives to expensive biologic therapies in treating conditions such as cancer, rheumatoid arthritis, and diabetes. The use of generics is also being encouraged through policies that support local manufacturing and faster regulatory approvals. These measures are helping to lower drug prices and increase the availability of affordable treatments, supporting the growth of the pharmaceutical market in these regions. As technological advancements and healthcare reforms continue to reshape the pharmerging market, they are making it more accessible, efficient, and attractive for pharmaceutical companies looking to expand their global footprint.
Local manufacturing is particularly significant in pharmerging markets as it helps reduce production costs, lower drug prices, and improve access to affordable medications. Countries such as India and China have established themselves as leading global hubs for pharmaceutical manufacturing, supplying a large portion of the world's generic drugs and active pharmaceutical ingredients (APIs). The presence of a strong local manufacturing base enables these countries to produce high-quality pharmaceuticals at competitive prices, making essential medicines more accessible to domestic and international markets. Government support in the form of tax incentives, subsidies, and infrastructure development is further strengthening the pharmaceutical manufacturing sector in these regions, driving market growth.
Government initiatives aimed at promoting local pharmaceutical innovation and R&D are also influencing the growth of the pharmerging market. Programs that support the development of new drug formulations, novel drug delivery systems, and biosimilars are helping local pharmaceutical companies enhance their product portfolios and compete in the global market. For instance, China's “Made in China 2025” initiative and India's “Pharma Vision 2020” are focused on boosting the domestic pharmaceutical industry's capacity for innovation and increasing its contribution to the global pharmaceutical value chain. The establishment of pharmaceutical research parks, incubation centers, and public-private partnerships is facilitating collaboration between academia, industry, and government, supporting the development of innovative drug products that address the specific healthcare needs of pharmerging markets.
Moreover, the implementation of regulatory reforms aimed at streamlining the drug approval process and ensuring compliance with international quality standards is creating a more conducive environment for pharmaceutical market growth. Regulatory bodies in pharmerging markets are adopting international guidelines such as Good Manufacturing Practices (GMP) and harmonizing their regulatory frameworks with global standards to facilitate faster market entry and increase the competitiveness of locally produced drugs. These reforms are encouraging multinational pharmaceutical companies to establish local manufacturing facilities and collaborate with local partners, further boosting the growth of the pharmerging market.
The emphasis on improving healthcare affordability and accessibility through government policies is also driving demand for pharmaceutical products in pharmerging markets. Governments are implementing pricing controls, bulk procurement programs, and reimbursement policies to ensure that essential medicines are available at affordable prices. These measures are supporting the adoption of cost-effective therapies such as generics and biosimilars, driving the growth of the pharmaceutical market. As government initiatives and local manufacturing capabilities continue to evolve, they are playing a crucial role in shaping the future of the pharmerging market and creating new growth opportunities for the pharmaceutical industry.
The increasing healthcare expenditures in pharmerging markets are another key factor contributing to market growth. Governments and private sectors in these regions are investing heavily in healthcare infrastructure, expanding healthcare coverage, and implementing policies to improve the availability and affordability of medical services. These investments are enhancing the quality of healthcare delivery and increasing the utilization of pharmaceutical products. The establishment of new hospitals, clinics, and healthcare facilities is creating demand for a wide range of medications, from acute care drugs to specialty therapies, supporting the growth of the pharmaceutical market in these regions.
The rising prevalence of chronic diseases such as diabetes, hypertension, cardiovascular disorders, and cancer is further driving the growth of the pharmerging market. The increasing incidence of chronic conditions, driven by factors such as urbanization, aging populations, and changes in lifestyle, is creating a strong demand for long-term medications and specialty therapies. The growing burden of chronic diseases is prompting governments and healthcare providers to prioritize disease prevention, early diagnosis, and effective management, leading to increased consumption of pharmaceuticals. The availability of innovative therapies, such as biologics and biosimilars, is supporting the treatment of chronic and complex diseases, further boosting market growth.
Moreover, the expanding pharmaceutical manufacturing capabilities in pharmerging markets are contributing to the growth of the global pharmaceutical supply chain. Countries such as India and China have established themselves as leading suppliers of APIs and generic drugs, providing cost-effective pharmaceutical products to both domestic and international markets. The presence of a strong manufacturing base is enabling pharmerging countries to meet the growing demand for pharmaceuticals, reduce dependency on imports, and increase their share of global pharmaceutical exports. The development of pharmaceutical manufacturing clusters, free trade zones, and export promotion programs is further enhancing the competitiveness of pharmerging markets in the global pharmaceutical industry.
Additionally, the increasing focus on public health and the implementation of universal health coverage schemes in pharmerging markets are creating new opportunities for pharmaceutical market expansion. Governments are implementing policies to improve healthcare access and coverage, particularly for low-income populations and rural communities. The expansion of health insurance schemes, the inclusion of more drugs in reimbursement lists, and the establishment of primary healthcare networks are driving demand for a wide range of pharmaceutical products. The focus on expanding access to essential medicines and healthcare services is supporting the growth of the pharmaceutical market in pharmerging regions.
Furthermore, the impact of the COVID-19 pandemic has accelerated investments in healthcare infrastructure and pharmaceutical production in pharmerging markets. The pandemic highlighted the need for robust healthcare systems and self-sufficiency in pharmaceutical production. Governments in pharmerging markets are increasing investments in healthcare infrastructure, public health initiatives, and pharmaceutical manufacturing capacity to strengthen their healthcare systems and ensure the availability of essential medicines. These investments are expected to drive long-term growth in the pharmerging market, as countries seek to enhance their healthcare resilience and improve health outcomes for their populations. As these factors converge, the global pharmerging market is poised for robust growth, supported by expanding healthcare access, rising demand for innovative therapies, and the increasing emphasis on developing local pharmaceutical manufacturing capabilities across various emerging economies.
Global Pharmerging Market - Key Trends & Drivers Summarized
Why Is the Pharmerging Market Gaining Prominence as a Key Driver of Growth in the Global Pharmaceutical Industry?
The pharmerging market is gaining prominence as a key driver of growth in the global pharmaceutical industry due to the rapid expansion of healthcare infrastructure, increasing prevalence of chronic diseases, and rising affordability of medicines in emerging economies. The term 'pharmerging' refers to pharmaceutical markets in emerging countries that are experiencing rapid growth in pharmaceutical consumption and sales. These countries, which include regions such as China, India, Brazil, Russia, and Southeast Asia, are characterized by expanding middle-class populations, improving healthcare access, and growing investment in healthcare infrastructure. As a result, the demand for pharmaceuticals, including generic drugs, over-the-counter (OTC) medications, and innovative therapies, is increasing significantly in these markets.Pharmerging markets are playing a critical role in driving the global pharmaceutical industry's growth as they offer substantial opportunities for pharmaceutical companies to expand their presence and tap into new revenue streams. The increasing adoption of Western-style healthcare practices, coupled with government initiatives to improve healthcare coverage and affordability, is boosting the demand for medicines in these regions. Moreover, the rising incidence of chronic diseases such as diabetes, cardiovascular disorders, and cancer - driven by changing lifestyles, urbanization, and aging populations - is creating a strong demand for both chronic and specialty medications. The pharmerging markets' growing share of global pharmaceutical sales is making them a strategic focus for multinational pharmaceutical companies seeking to offset slowing growth in mature markets such as North America and Europe.
How Are Technological Advancements and Healthcare Reforms Transforming the Pharmerging Market?
Technological advancements and healthcare reforms are transforming the pharmerging market by improving healthcare delivery, enhancing drug accessibility, and facilitating the adoption of innovative therapies. One of the most significant advancements in this space is the increased use of digital health technologies, such as telemedicine, mobile health applications, and electronic health records (EHRs), which are improving healthcare access and patient outcomes in remote and underserved areas. Telemedicine, in particular, has gained traction in pharmerging markets as it enables healthcare providers to offer consultations, diagnostics, and treatment recommendations to patients without the need for physical visits. The use of mobile health applications for chronic disease management, medication adherence, and health education is supporting patient engagement and encouraging the adoption of preventive healthcare practices.The integration of digital technologies in healthcare is also enabling the collection and analysis of health data, supporting better disease management and healthcare planning. EHRs and health information systems are being used to streamline patient data management, improve treatment outcomes, and reduce medical errors. These technologies are helping pharmerging markets overcome challenges related to healthcare accessibility, resource constraints, and healthcare quality, supporting the overall growth of the pharmaceutical sector. Furthermore, the implementation of health technology assessment (HTA) frameworks and pharmacoeconomic evaluations is enabling governments and healthcare payers in pharmerging markets to make informed decisions regarding the adoption of new therapies and healthcare interventions, ensuring that healthcare resources are used efficiently.
Healthcare reforms aimed at expanding healthcare access and affordability are also playing a pivotal role in transforming the pharmerging market. Many pharmerging countries are implementing universal health coverage (UHC) schemes, national health insurance programs, and price control measures to ensure that essential medicines and healthcare services are accessible to a larger segment of the population. For example, the Indian government's “Ayushman Bharat” health insurance scheme and China's National Reimbursement Drug List (NRDL) reforms are increasing the availability and affordability of medications for millions of citizens. These reforms are driving demand for both branded and generic drugs, creating new opportunities for pharmaceutical companies to reach underserved populations.
Additionally, the adoption of biosimilars and generic drugs is gaining momentum in pharmerging markets as governments promote the use of cost-effective therapies to reduce healthcare expenditures. Biosimilars, which are lower-cost versions of biologic drugs, are being increasingly accepted as alternatives to expensive biologic therapies in treating conditions such as cancer, rheumatoid arthritis, and diabetes. The use of generics is also being encouraged through policies that support local manufacturing and faster regulatory approvals. These measures are helping to lower drug prices and increase the availability of affordable treatments, supporting the growth of the pharmaceutical market in these regions. As technological advancements and healthcare reforms continue to reshape the pharmerging market, they are making it more accessible, efficient, and attractive for pharmaceutical companies looking to expand their global footprint.
What Role Do Government Initiatives and Local Manufacturing Play in Driving the Growth of the Pharmerging Market?
Government initiatives and local manufacturing are playing a pivotal role in driving the growth of the pharmerging market by fostering an environment that supports pharmaceutical production, reduces dependency on imports, and enhances healthcare affordability. Many pharmerging countries are implementing policies and programs aimed at boosting domestic pharmaceutical production, encouraging foreign direct investment (FDI), and creating favorable business conditions for both local and multinational pharmaceutical companies. These initiatives are designed to develop self-sufficiency in drug production, ensure a stable supply of essential medicines, and promote the use of locally produced generics and biosimilars.Local manufacturing is particularly significant in pharmerging markets as it helps reduce production costs, lower drug prices, and improve access to affordable medications. Countries such as India and China have established themselves as leading global hubs for pharmaceutical manufacturing, supplying a large portion of the world's generic drugs and active pharmaceutical ingredients (APIs). The presence of a strong local manufacturing base enables these countries to produce high-quality pharmaceuticals at competitive prices, making essential medicines more accessible to domestic and international markets. Government support in the form of tax incentives, subsidies, and infrastructure development is further strengthening the pharmaceutical manufacturing sector in these regions, driving market growth.
Government initiatives aimed at promoting local pharmaceutical innovation and R&D are also influencing the growth of the pharmerging market. Programs that support the development of new drug formulations, novel drug delivery systems, and biosimilars are helping local pharmaceutical companies enhance their product portfolios and compete in the global market. For instance, China's “Made in China 2025” initiative and India's “Pharma Vision 2020” are focused on boosting the domestic pharmaceutical industry's capacity for innovation and increasing its contribution to the global pharmaceutical value chain. The establishment of pharmaceutical research parks, incubation centers, and public-private partnerships is facilitating collaboration between academia, industry, and government, supporting the development of innovative drug products that address the specific healthcare needs of pharmerging markets.
Moreover, the implementation of regulatory reforms aimed at streamlining the drug approval process and ensuring compliance with international quality standards is creating a more conducive environment for pharmaceutical market growth. Regulatory bodies in pharmerging markets are adopting international guidelines such as Good Manufacturing Practices (GMP) and harmonizing their regulatory frameworks with global standards to facilitate faster market entry and increase the competitiveness of locally produced drugs. These reforms are encouraging multinational pharmaceutical companies to establish local manufacturing facilities and collaborate with local partners, further boosting the growth of the pharmerging market.
The emphasis on improving healthcare affordability and accessibility through government policies is also driving demand for pharmaceutical products in pharmerging markets. Governments are implementing pricing controls, bulk procurement programs, and reimbursement policies to ensure that essential medicines are available at affordable prices. These measures are supporting the adoption of cost-effective therapies such as generics and biosimilars, driving the growth of the pharmaceutical market. As government initiatives and local manufacturing capabilities continue to evolve, they are playing a crucial role in shaping the future of the pharmerging market and creating new growth opportunities for the pharmaceutical industry.
What Factors Are Driving the Growth of the Global Pharmerging Market?
The growth in the global pharmerging market is driven by several factors, including the expanding middle-class population, increasing healthcare expenditures, rising prevalence of chronic diseases, and the growing focus on healthcare infrastructure development in emerging economies. One of the primary growth drivers is the rapid economic development and rise in disposable incomes in pharmerging countries. As the middle-class population expands, more individuals can afford to spend on healthcare services and pharmaceutical products, leading to increased demand for both prescription and over-the-counter medications. The growing purchasing power of consumers in countries such as China, India, Brazil, and Russia is contributing to the expansion of the pharmaceutical market, making these regions attractive for pharmaceutical companies looking to diversify their revenue streams.The increasing healthcare expenditures in pharmerging markets are another key factor contributing to market growth. Governments and private sectors in these regions are investing heavily in healthcare infrastructure, expanding healthcare coverage, and implementing policies to improve the availability and affordability of medical services. These investments are enhancing the quality of healthcare delivery and increasing the utilization of pharmaceutical products. The establishment of new hospitals, clinics, and healthcare facilities is creating demand for a wide range of medications, from acute care drugs to specialty therapies, supporting the growth of the pharmaceutical market in these regions.
The rising prevalence of chronic diseases such as diabetes, hypertension, cardiovascular disorders, and cancer is further driving the growth of the pharmerging market. The increasing incidence of chronic conditions, driven by factors such as urbanization, aging populations, and changes in lifestyle, is creating a strong demand for long-term medications and specialty therapies. The growing burden of chronic diseases is prompting governments and healthcare providers to prioritize disease prevention, early diagnosis, and effective management, leading to increased consumption of pharmaceuticals. The availability of innovative therapies, such as biologics and biosimilars, is supporting the treatment of chronic and complex diseases, further boosting market growth.
Moreover, the expanding pharmaceutical manufacturing capabilities in pharmerging markets are contributing to the growth of the global pharmaceutical supply chain. Countries such as India and China have established themselves as leading suppliers of APIs and generic drugs, providing cost-effective pharmaceutical products to both domestic and international markets. The presence of a strong manufacturing base is enabling pharmerging countries to meet the growing demand for pharmaceuticals, reduce dependency on imports, and increase their share of global pharmaceutical exports. The development of pharmaceutical manufacturing clusters, free trade zones, and export promotion programs is further enhancing the competitiveness of pharmerging markets in the global pharmaceutical industry.
Additionally, the increasing focus on public health and the implementation of universal health coverage schemes in pharmerging markets are creating new opportunities for pharmaceutical market expansion. Governments are implementing policies to improve healthcare access and coverage, particularly for low-income populations and rural communities. The expansion of health insurance schemes, the inclusion of more drugs in reimbursement lists, and the establishment of primary healthcare networks are driving demand for a wide range of pharmaceutical products. The focus on expanding access to essential medicines and healthcare services is supporting the growth of the pharmaceutical market in pharmerging regions.
Furthermore, the impact of the COVID-19 pandemic has accelerated investments in healthcare infrastructure and pharmaceutical production in pharmerging markets. The pandemic highlighted the need for robust healthcare systems and self-sufficiency in pharmaceutical production. Governments in pharmerging markets are increasing investments in healthcare infrastructure, public health initiatives, and pharmaceutical manufacturing capacity to strengthen their healthcare systems and ensure the availability of essential medicines. These investments are expected to drive long-term growth in the pharmerging market, as countries seek to enhance their healthcare resilience and improve health outcomes for their populations. As these factors converge, the global pharmerging market is poised for robust growth, supported by expanding healthcare access, rising demand for innovative therapies, and the increasing emphasis on developing local pharmaceutical manufacturing capabilities across various emerging economies.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Pharmaceutical Pharmerging segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 8.3%. The Healthcare Pharmerging segment is also set to grow at 12.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $483.9 Million in 2023, and China, forecasted to grow at an impressive 9.2% CAGR to reach $540.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abbott Laboratories, AbbVie, Inc., Alexion Pharmaceuticals, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Pharmerging Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Pharmerging Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Pharmerging Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Select Competitors (Total 22 Featured):
- Abbott Laboratories
- AbbVie, Inc.
- Alexion Pharmaceuticals, Inc.
- Allergan PLC
- Amgen, Inc.
- Aspen Pharmacare Holdings Ltd.
- Astellas Pharma, Inc.
- AstraZeneca PLC
- Baxter International, Inc.
- Bayer AG
- Biogen, Inc.
- Boehringer Ingelheim International GmbH
- Bristol-Myers Squibb Company
- Celgene Corporation
- CSL Behring
- Daiichi Sankyo Co., Ltd.
- Eisai Co., Ltd.
- Eli Lilly and Company
- Endo International PLC
- F. Hoffmann-La Roche AG
- GlaxoSmithKline PLC
- Grifols SA
- H. Lundbeck A/S
- Hospira, Inc.
- Johnson & Johnson
- Kyowa Hakko Kirin Co., Ltd.
- Mallinckrodt Pharmaceuticals
- Mitsubishi Tanabe Pharma Corporation
- Mylan Pharmaceutical Pvt. Ltd.
- Novartis AG
- Novo Nordisk A/S
- Otsuka Pharmaceutical Co., Ltd.
- Pfizer, Inc.
- Sanofi SA
- Shire PLC
- Stada Arzneimittel AG
- Sun Pharmaceutical Industries Ltd.
- Takeda Pharmaceutical Co., Ltd.
- Teva Pharmaceutical Industries Ltd.
- UCB SA
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abbott Laboratories
- AbbVie, Inc.
- Alexion Pharmaceuticals, Inc.
- Allergan PLC
- Amgen, Inc.
- Aspen Pharmacare Holdings Ltd.
- Astellas Pharma, Inc.
- AstraZeneca PLC
- Baxter International, Inc.
- Bayer AG
- Biogen, Inc.
- Boehringer Ingelheim International GmbH
- Bristol-Myers Squibb Company
- Celgene Corporation
- CSL Behring
- Daiichi Sankyo Co., Ltd.
- Eisai Co., Ltd.
- Eli Lilly and Company
- Endo International PLC
- F. Hoffmann-La Roche AG
- GlaxoSmithKline PLC
- Grifols SA
- H. Lundbeck A/S
- Hospira, Inc.
- Johnson & Johnson
- Kyowa Hakko Kirin Co., Ltd.
- Mallinckrodt Pharmaceuticals
- Mitsubishi Tanabe Pharma Corporation
- Mylan Pharmaceutical Pvt. Ltd.
- Novartis AG
- Novo Nordisk A/S
- Otsuka Pharmaceutical Co., Ltd.
- Pfizer, Inc.
- Sanofi SA
- Shire PLC
- Stada Arzneimittel AG
- Sun Pharmaceutical Industries Ltd.
- Takeda Pharmaceutical Co., Ltd.
- Teva Pharmaceutical Industries Ltd.
- UCB SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.8 Billion |
| Forecasted Market Value ( USD | $ 3.5 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
