The Germany Pharmaceuticals Market size is projected to touch USD 65.9 billion by 2027, according to a new report by Million Insights. The market is anticipated to register 6.0% CAGR over the forecast duration. Growing prevalence of chronic diseases and rise on the expenditure on research and development are attributing to the growth of the market.
Key Players:
Bayer AG, Pfizer Inc.¸ Abbvie Inc., Novartis AG, STADA Arzneimittel AG and Abbott
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Market Synopsis of Germany Pharmaceuticals Market:
In addition, an increasing number of clinical trials for novel immune-suppressive therapies is projected to bode well for the growth of the market. For example, Sandoz International GmbH introduced Dailiport capsules in June 2020 in European countries including Germany.
Major market participants are increasingly focusing on strategic initiatives such as merger & acquisition, partnerships and collaboration to consolidate their market presence. For example, Bristol-Myers Squibb made an acquisition of Celgene Corporation in 2019 to expand its product portfolio in oncology.
The rising availability of cost-effective generic drugs is projected to fuel market growth over the next few years. German companies are focusing on introducing the generic drug to consolidate their market presence. For example, Sandoz of Novartis AG, in mid-2019, introduced gefitinib’s generic version.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Germany Pharmaceuticals: Market Variables, Trends & Scope
Chapter 4 Germany Pharmaceuticals: Product Estimates & Trend Analysis
Chapter 5 Germany Pharmaceuticals: Application Estimates & Trend Analysis
Chapter 6 Germany Pharmaceuticals: End-use Estimates & Trend Analysis
Chapter 7 Germany Pharmaceuticals: Industrial End-use Estimates & Trend Analysis
Chapter 8 Germany Pharmaceuticals: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Germany Pharmaceuticals: Manufacturers Company Profiles
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