Four Facts to Know About Pharma Growth

According to PMMI Business Intelligence, demand for packaging materials and machinery for pharmaceuticals has a direct correlation to general economic development – growing as salaries and income rise and more people are able to afford needed medications.

four fast facts about pharma
four fast facts about pharma
  1. In 2017, the top 20 global pharmaceutical companies generated about $650 billion, more than half of the global pharmaceutical sales of about $25 trillion.

 

  1. Global brand spending is forecast to reach between $815-832 billion in 2021, and global generic spending is expected to surpass $500 billion by 2021.
List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO