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How has the mid-size pharmaceuticals market size evolved in recent years?

The market for mid-size pharmaceuticals has been expanding robustly in the preceding years. Its growth is projected to increase from a value of $718.71 billion in 2024 to a worth of $768.01 billion in 2025 with a compound annual growth rate (CAGR) of 6.9%. Factors such as the rise of the generic drug market, the patent expirations of major drugs, measures to contain healthcare costs, biotechnology advancement, and regulatory modifications that promote innovation have all contributed to the growth in the past period.

What are the predictions for the mid-size pharmaceuticals market size in the coming years?

Over the following years, the mid-size pharmaceuticals market is projected to experience pronounced growth, with the expectation to burgeon to $1002.26 billion by 2029 at a compound annual growth rate (CAGR) of 6.9%. The surge in the predicted period could be credited to a mounting shift towards value-centric healthcare models, the streamlining of regulatory pathways, heightened public health consciousness and patient autonomy, and the burgeoning demand for generic and biosimilar medications, and the advent of digital therapeutics. Dominant trends during forecasted timeline comprise a heightened emphasis on patient-oriented strategies, the implementation of artificial intelligence (AI), practices for global market proliferation, initiatives focused on environmental sustainability, telemedicine, and remote patient supervision.

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What key factors are fueling the growth of the mid-size pharmaceuticals market?

The escalating incidence of long-term medical conditions, also known as chronic or non-communicable diseases, are likely to stimulate the expansion of the mid-size pharmaceuticals market. These diseases necessitate regular management and treatment, driving the demand for medication higher. Techniques like mass spectrometry are employed to identify, quantify, and analyze biomarkers and metabolites related to these chronic illnesses. As for an instance, the World Health Organization, a special United Nations agency based in Switzerland, reported in September 2023 that out of the total global deaths, 74% or 41 million were due to non-communicable or chronic diseases. Thereby, indicating the fact that the growing occurrence of these chronic diseases is fueling the advancement of the mid-size pharmaceuticals market.

How is the global mid-size pharmaceuticals market divided into key segments?

The mid-size pharmaceuticals market covered in this report is segmented –

1) By Drug Development Type: In-House, Outsource

2) By Type: Prescription, Over The Counter

3) By Formulation: Tablets, Capsules, Injectables, Sprays, Other Formulations

4) By Application: Cardiovascular Diseases, Pain Management, Diabetes, Cancer, Other Conditions

Subsegments:

1) By In-House: Research And Development (R&D) Departments, Clinical Trials Management

2) By Outsource: Contract Research Organizations (CROs), Contract Manufacturing Organizations (CMOs)

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Who are the key firms paving the way for growth in the mid-size pharmaceuticals market?

Major companies operating in the mid-size pharmaceuticals market include Baxter International Inc., Teva Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co Ltd., Astellas Pharma Inc., Daiichi Sankyo Co. Ltd., Alexion Pharmaceuticals Inc., UCB S.A., Sun Pharmaceutical Industries Ltd., Eisai Co. Ltd., Wuxi AppTec co. Ltd., Les Laboratoires Servier S.A., Hospira Inc., Perrigo Co Plc, Aurobindo Pharma Lmited., Cipla Limited, Hikma Pharmaceuticals, Endo International plc, Taisho Pharmaceutical Holdings Co. Ltd., BioMarin Pharmaceutical Inc., Mallinckrodt Plc, Exelixis Inc., Mylan Pharmaceuticals Inc., Neurocrine Biosciences Inc., Kyowa Kirin Co. Ltd., Emergent BioSolutions Inc.

Which trends are expected to transform the mid-size pharmaceuticals market?

The rise of technological advancements is a prominent trend in the mid-sized pharmaceutical industry. To maintain their dominance in the sector, major firms are harnessing the power of technology. In a case in point, Google Cloud, a suite of cloud computing services provided by Google, launched AI-guided tools to speed up the elucidation of drugs and precision medicine in May 2023. The Target and Lead Identification Suite is one such tool that aids businesses predict and understand protein configurations, which are vital to pharmaceutical research. Additionally, the Multiomics Suite is designed to aid researchers in consuming, storing, analyzing, and disseminating large amounts of genetic data.

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What regions are contributing significantly to the growth of the mid-size pharmaceuticals market?

North America was the largest region in the mid-size pharmaceutical market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mid-size pharmaceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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