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Last Updated : Feb 11, 2011 06:08 PM IST | Source: None

Emerging mkts to revive, boost global pharma industry

A recent Global Pharmaceutical Market Forecast to 2012 revealed that the pharmaceutical market worldwide, after experiencing a slump during the past two years, is now recovering, which will be followed by its growth. Decline in the global pharma market was largely due to the economic slowdown.


A recent Global Pharmaceutical Market Forecast to 2012 revealed that the pharmaceutical market worldwide, after experiencing a slump during the past two years, is now recovering, which will be followed by its growth. Decline in the global pharma market was largely due to the economic slowdown. However, the market is recovering now and the US remains at the top position globally, followed by the European Union and Japan.


"It is expected that future growth of the industry will be propelled by the emerging markets, including the Asia-Pacific, Latin America, and Central and Eastern European markets," the report stated. It also projected that the global pharma market will grow at a CAGR of around 6.5% during 2011-2013.

Source: Global Pharmaceutical Market Forecast to 2012



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First Published on Feb 11, 2011 06:00 pm
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