Nainital News Flash

Germany Pharmaceuticals Market Size Estimated To Reach USD 65.9 Billion By 2027 : Grand View Research Inc.

Germany Pharmaceuticals Market Size Estimated To Reach USD 65.9 Billion By 2027 : Grand View Research Inc.

September 28
23:19 2020
Germany Pharmaceuticals Market Size Estimated To Reach USD 65.9 Billion By 2027 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing patent applications that are focused on the development of novel drug delivery systems, new drugs, and formulations is anticipated to boost the market for pharmaceuticals.

Germany Pharmaceuticals Market Growth & Trends

The Germany pharmaceuticals market size is expected to reach USD 65.9 billion by 2027, expanding at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Factors such as the rising prevalence of acute and chronic diseases and increasing R&D expenditure by pharmaceutical companies are expected to drive the market.

Furthermore, rising clinical trials and approval of novel immune-suppressive therapies are anticipated to propel market growth. For instance, in June 2020, Sandoz International GmbH launched Dailiport capsules (generic tacrolimus) in Germany and other European countries. Dailiport capsules are indicated for adult kidney and liver transplant patients.

In addition, the export of pharmaceutical products by pharmaceutical companies in Germany to various countries is expected to fuel market growth. For instance, according to Germany Trade and Invest, in China, 22.0% of imported pharmaceutical products are from German companies.

Key players entering into strategic initiatives such as partnership, licensing, acquisition, and collaboration to expand and strengthen their regional presence is expected to boost the market growth. For instance, in November 2019, Bristol-Myers Squibb Company acquired Celgene Corporation. This acquisition was aimed at helping the company expand its oncology portfolio worldwide and develop innovative medicines.

In addition, rising funds by organizations for the development of pipeline drugs are anticipated to accelerate market growth. For instance, in January 2019, Atriva Therapeutics GmbH closed its series A financing led by Meneldor and High-Tech Gründerfonds GmbH (HTGF) for its lead drug candidate ATR-002. This drug candidate is developed against influenza infection and other respiratory infections.

Various other organizations, such as the European Cancer Organisation (ECCO), European Cancer Patient Coalition (ECPC), and European Organisation for Research and Treatment of Cancer (EORTC) provide funds for cancer research programs and treatment plans.

Furthermore, increasing the availability of generic drugs at a lower price is expected to boost the market growth. For instance, in July 2019, Sandoz of Novartis AG launched a generic version of gefitinib for locally advanced or metastatic NSCLC. The launch of the generic version is estimated to increase the number of patients treated due to the favorable cost of the drug.

Germany pharmaceuticals market size, by drug class, 2016 - 2027 (USD Billion)

Request a sample copy of the Germany Pharmaceuticals Market Research Report @ https://www.grandviewresearch.com/industry-analysis/germany-pharmaceuticals-market/request/rs1

Germany Pharmaceuticals Market Report Highlights

  • In 2019, anti-cancer was the largest-revenue holding drug class in the market owing to rising approval of new drugs and increasing research studies on new approaches to treating various cancers

  • Immunosuppressant product type is estimated to be the fastest-growing drug class during the forecast period owing to rising development and launch of novel immunosuppressant

  • Oncology application held the largest revenue share in 2019 due to the increasing prevalence of breast cancer, prostate cancer, and lung cancer

  • On the basis of type, the generic drugs segment is expected to be the fastest-growing segment over the forecast period due to its cost-effectiveness and expiration of patents.

Germany pharmaceuticals market share, by application, 2019 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/450879/ibb

Germany Pharmaceuticals Market Segmentation

Grand View Research has segmented the Germany pharmaceuticals market on the basis of drug class, application, type, and formulation:

Germany Pharmaceuticals Drug Class Outlook (Revenue, USD Million, 2016 – 2027)

  • Anti-cancer

  • Anti-diabetics

  • Anti-rheumatics

  • Vaccines

  • Anti-viral

  • Immunosuppressant

  • Bronchodilators

  • Dermatological

  • Anti-hypertensive

  • Others

Germany Pharmaceuticals Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Oncology

    • Breast cancer

    • Lung cancer

    • Colorectal cancer

    • Ovarian cancer

    • Prostate cancer

    • Others

  • Infectious Diseases

  • Cardiovascular Diseases

  • Central Nervous System Disorders

  • Immunological Disorders

  • Metabolic Disorders

  • Gastrointestinal Disorders

  • Respiratory Diseases

  • Ophthalmology

  • Dermatology Disorders

  • Others

Germany Pharmaceuticals Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Branded

  • Generics

Germany Pharmaceuticals Formulation Outlook (Revenue, USD Million, 2016 – 2027)

  • Solid formulation

    • Tablets

    • Capsules

    • Others

  • Liquid & semi-liquid formulation

    • Oral

    • Topical

    • Sublingual and buccal

    • Rectal

    • Parenteral

List of Key Players of Germany Pharmaceuticals Market

  • Boehringer Ingelheim International GmbH

  • Bayer AG

  • Merck & Co., Inc.

  • Fresenius Kabi AG

  • STADA Arzneimittel AG

  • Pfizer Inc.

  • Abbott

  • Abbvie Inc.

  • Teva Pharmaceutical Industries Ltd.

  • Novartis AG

  • Sanofi

  • Johnson & Johnson Services, Inc.

  • GlaxoSmithKline plc

  • AstraZeneca

  • Celgene Corporation

  • Amgen Inc.

  • Novo Nordisk A/S

  • Eli Lilly and Company

  • Allergan

Browse Related Report:

Cannabis Pharmaceuticals Market : https://www.grandviewresearch.com/industry-analysis/cannabis-pharmaceuticals-market

Pharmaceutical Analytical Testing Outsourcing Market : https://www.grandviewresearch.com/industry-analysis/pharmaceutical-analytical-testing-outsourcing-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/germany-pharmaceuticals-market

About Author

admin

admin