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Five Year Forecast
of the Global Pharmaceutical Markets
Market Projected to
Grow at 7.8 Percent Annually to $406
Billion in 2002. Buy this time North
America, Europe, Japan and Latin America
are projected to account for 85.2% of the
worldwide pharmaceutical market.
Projected World
Pharmaceutical Market by Region by 2002
(US$ billion) *
Regional
Pharmaceutical Market Growth
During the next
five years, the fastest growing regions
are expected to be North America, the
Middle East, Australasia and Southeast
Asia, including China. Japan and Western
Europe pharmaceutical markets are expected
to grow at rates slower than the
global
average. Growth in the
Japanese market will continue to be
constrained by economic pressures in the
first half of the period under review, but
will improve in the second half. More on
North
America, Europe and South East
Asia.
Therapeutic
Areas
In terms of growth
rate among the ten developed markets of
Australia, Belgium, Canada, France,
Germany, Italy, Spain, Japan, the United
Kingdom and the United States, Blood &
Blood Forming Organs products are expected
to experience the strongest growth,
increasing to 9.3 percent of the
pharmaceutical market by 2002.
Musculo-Skeletal products are projected to
grow to an 8.4 percent market share during
the same period. The growth rate of
Cardiovasculars is expected to slow during
the next five years, representing just 6.1
percent of the pharmaceutical market in
2002. More on the Far
East and Latin America...
Information from IMS HEALTH Global Pharma
Forecasts 1998-2002 part of the
Pharma
Prognosis series. It
includes five-year growth projections for
the pharmaceutical markets in 230
countries and 11 regions.
See notes on data
collection values and definitions.
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