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BRIC & Eastern European Nations Lead Global Pharma Sector amidst Recession
Mar 21, 2009
With increasing lifestyle-related ailments, improvement in life expectancy rate and soaring healthcare spending worldwide, the global pharmaceutical market is projected to generate revenue of nearly US$ 1043.4 Billion by 2012, said RNCOS new research report “Global Pharmaceutical Market Forecast to 2012”.
According to a Senior Research Analyst at RNCOS, the global pharmaceutical market will not see much impact of ongoing global economic meltdown as it is considered the recession proof industry. However, the sales of some chronic and OTC drugs have slightly plunged as people cut down spending on medicines following the impact of economic meltdown on their pocket.
Under the current scenario, the growth of pharmaceutical market in developed countries will slowdown, but it will sustain in emerging markets. The US (world’s largest pharmaceutical market) posted the slowest growth in several decades, whereas the BRIC countries (Brazil, Russia, India and China) along with some eastern European countries registered sustained double-digit growth. Thus, pharmaceutical manufacturers are focusing on these countries to keep rolling their businesses.
The global pharmaceutical market is gaining growth momentum all around the world, creating immense opportunities for various players to expand their business operations. It will open new growth avenues in different areas such as clinical trial market, RFID market, pharmaceutical packaging market, medical devices, logistics devices and health insurance.
“Global Pharmaceutical Market Forecast to 2012” provides comprehensive and qualitative analysis on major pharmaceutical markets all around the globe, with focus on both current and past trends. The report enables pharmaceutical manufacturers/investors/consultants studying the global pharmaceutical market to identify and analyze growth opportunities that will suit their business requirements and profiles. It also gives forecasts on various segments of pharmaceutical market along with healthcare statistics by countries.
The extent of information covered in the report will help clients to comprehend the industry dynamics and the corresponding factors responsible for transformation of the industry.
For more information visit: http://www.rncos.com/Report/IM149.htm
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