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The State of Pharma

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This infographic is summarizing recent trends and challenges of the pharmaceutical industry.

This infographic is summarizing recent trends and challenges of the pharmaceutical industry.

Published in: Career, Business, News & Politics
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  • 1. Pharmaceutical industry $1.1 trillion by 2014. WorldWide pharmaceutical sales are expected to increase at a compound annualrecent trends and challenges groWth rate of 5–8%. fueling these gains are projected double-digit groWth rates in emerging economies.the challenges the oPPortunitiesexPiring healthcarePatents reform 2011 32 million $142 billion additional people will have health insurance and access to prescription drugs under the 2015 new health plan.as products come off patent protection, many largefirms are at risk of revenue reduction of up to 30–40%. outsourcing, collaborative PartnershiPs and strategic alliances within the industry aregrowth of forging new business models.generics 2the us generics market is anticipatedto grow 10% annually during 2010–2013,fueled by the pressure to reduce costsin healthcare, the expiration of patentsand the establishment of an approval the 65+ segment of the populationpathway for biosimilars. will nearly double between 2010 and 2030. on average, those over 65 years old take between 5 to 6 prescription medicines.drug recalls 309concerns over safety and % in 2009 Progressive pharmaceutical companies are realizing that in order to respond to these pressures and command a competitive position in the marketplace, they must takesupply chain quality have surged. a new approach to their overall workforce strategy, finding new strategies for accessing and deploying critical talent where and when they need it.Sources: Business Monitor International (BMI) Q42010; Census.gov; CNN.com; Fda.gov; IMS Health; Yahoo! Finance

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