ALBANY, New York, April 17, 2017 /PRNewswire/ --
According to a new study by Transparency Market Research (TMR),the global Pharmerging Market is highly competitive in nature. Led by Johnson & Johnson, F. Hoffmann-La Roche Ltd., Novartis AG, and Merck & Co. Inc., the market demonstrates an extremely fragmented structure.
The leading players are
As per TMR's estimations, the global Pharmerging Market stood at US$552.8 mn in 2015. Researchers expect it to rise at a CAGR of 11.30% during the period from 2016 to 2024 and reach a value of US$1.40 bn by the end of the forecast period. The market has been witnessing a higher demand for pharmaceuticals products and the trend is expected to continue over the next few years, thanks to the growing requirement of branded as well as generic drugs.
Hospitals to Emerge as Key Distribution Channel
Hospitals, clinics, retail pharmacies, e-commerce, and drug stores have been considered as the key types of distribution channels in the global market for pharmerging in this research report. The hospitals segment has surfaced as the most attractive distribution channel among these, thanks to the increased emphasis on establishing hospitals as primary care providers and the rising number of state-of-art hospital chains across the world. With the rise in the government investments to improve the accessibility to medicine at affordable price, this segment is likely to retain its position during the forecast period.
On the geographical front, the research report has classified the worldwide pharmerging market into Latin America, the Middle East and Africa, Asia Pacific, North America, and Europe. Asia Pacific dominated this market in 2016 with a share of 53%. Supported by the swift urbanization, infrastructural advancements in the medical and healthcare industry, and the rising investments for medical research, this regional market is likely to remain on the top throughout the forecast period.
Driven by technological advancements, the markets for pharmerging in Europe and Latin America are also expected to experience a substantial rise in the near future.
Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8200
Constant Research and Development to Drive Market
"The global market for pharmerging is heavily driven by the increasing expenditure by various governments across the world on healthcare," says an analyst at TMR. The increasing prevalence of various diseases and the rise in healthcare issues have increased the government interventions in terms of providing healthcare services, which are accessible to all at affordable prices, reflecting positively on the growth of this market. The constant research and development in the field of pharmerging is also adding substantially to this market.
Currently, the market looks thriving and its future looks bright. However, it may face challenges in the years to come from the weakening of the economy in emerging regions, especially Africa, notes the research study.
The study presented here is based on a report by Transparency Market Research (TMR), titled "Pharmerging Market (Product Type - Pharmaceuticals (Branded Prescription Drugs, Generic Drugs (Branded Generics, Unbranded Generics, and OTC Drugs) and Healthcare (Medical Devices, Diagnostic Instruments, and IT and Record Management); Economic Growth Levels - Tier - 1, Tier - 2, and Tier - 3; Indications - Lifestyle Diseases, Cancer and Autoimmune Diseases, and Infectious Diseases; Distribution Channel - Hospitals, Clinics, Retail Pharmacies, E-commerce, and Drug Stores) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."
The global Pharmerging Market has been segmented as follows:
By Product Type
By Distribution Channel
Browse Related Research Report:
Antiviral Drugs Market (Disease Indication - Hepatitis Virus Infection, HIV Infection, and Respiratory Virus Infection; Product Type - Branded Drugs and Generic Drugs; Distribution Channels - Hospital Pharmacy Store, Retail Pharmacy Store, and Online Pharmacy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024
Photopheresis Products Market (Product Type - Open System and Closed System; End User - Hospitals and Clinics; Application - Cutaneous T-cell Lymphoma, Graft versus Host Disease, Transplant Rejections, and Autoimmune Diseases) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Medical Microbiology Testing Technologies Market (Indication - Respiratory Diseases, Neurological Diseases, and Infectious Diseases; Technology - Cell Culture, Microscopy, and Serology; Application - Diagnostic and Treatment Monitoring; End User - Hospital Labs, Pathology Labs, and Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact Us: Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: email@example.com
Website: http://www.transparencymarketresearch.com Blog: http://www.tmrblog.com/
SOURCE Transparency Market Research
Subscribe to our Free Newsletters!
Abortion pills are used in the first trimester to terminate pregnancy. Women should be aware of ...
Tea tree oil is an essential oil derived from the leaves of the Melaleuca alternifolia plant and ...
Fallopian tube cancer is a form of gynecologic cancer arising in the fallopian tubes, which are ...View All