Summary - A new market study, titled “Global Pharmerging Market Size, Status and Forecast 2020-2026”has been featured on WiseGuy Reports.
The Pharmerging market is estimated to represent a global market of USD 690.3 billion by 2019 with growth rate of 18.8%.
The pharmerging industry covers the study for developing countries where the use of pharmaceuticals is rapidly growing and is projected to experience strong growth in the future period. Countries such as China, India, Brazil, Russia, and South Africa among others are considered under the research scope. Drug spending in these economies is increasing at a constant rate, making them attractive targets for drug manufacturers to invest in. For instance, as per the International Federation of Pharmaceutical Manufacturers & Associations, pharmerging economies account for around 50% of absolute growth in drug spending every year.
PHARMERGING MARKET, BY REGION
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