Top Companies in Pharmaceutical Drug Delivery Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Pharmaceutical Drug Delivery Market is expected to reach USD 2687.7 Billion by 2030 at a CAGR of 6.2% over the forecast period 2023-2030.
Vantage Market Research has recently published a new report on the "Pharmaceutical Drug Delivery Market" Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in Pharmaceutical Drug Delivery Market. The key statistics in the report highlight that Global Pharmaceutical Drug Delivery Market was valued at 1,764.1 Billion in 2022 and is expected to reach USD 2687.7 Billion by 2030 at a CAGR of 6.2% over the forecast period 2023-2030. The global Pharmaceutical Drug Delivery Market will continue to expand due to increased demand from end users, demand for targeted and personalized medicines, technological advancements in drug delivery systems, rising adoption of self-administrative drug delivery devices, and a surge in chronic diseases like cancer, diabetes, and respiratory disorders.
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The Global Pharmaceutical Drug Delivery Market is dominated by well-known players like Pfizer Inc.(U.S.), Novartis AG(Switzerland), GlaxoSmithKline PLC(UK), F. Hoffmann-La Roche AG(Switzerland), Sanofi S.A.(France), Merck & Co., Inc.(U.S.), Johnson & Johnson(U.S.), AstraZeneca PLC(UK), Teva Pharmaceutical Industries Ltd.(Israel), Bayer AG(Germany) and others.
Let's Take a Look at the Top Market Players that are Captivating the Pharmaceutical Drug Delivery Market
Pfizer Inc. is a multinational pharmaceutical and biotechnology company headquartered at The Spiral in Manhattan, New York. Pfizer Inc (Pfizer) discovers, develops, manufactures, and markets biopharmaceutical products. The company offers products for the treatment of various diseases, such as cardiovascular diseases, metabolic and pain disorders, women's health, cancer, inflammation, immune disorders, and rare diseases. It also offers sterile injectables, biosimilars, active pharmaceutical ingredients (API), and contract manufacturing services. In 2022, the company's total revenue will exceed 100 billion US dollars for the first time, which is a record for the world's pharmaceutical manufacturers.
Novartis AG is a multinational pharmaceutical company headquartered in Basel, Switzerland, and Cambridge, Massachusetts, USA. Consistently ranked among the top five in the world, Novartis is one of the largest pharmaceutical companies in the world and the fourth largest by revenue in 2022. Novartis AG is engaged in the research, development, production, and marketing of pharmaceuticals and generics. The company operates through two divisions - Innovative Medicines and Sandoz. The Innovative Medicines Division offers patent-protected medicines to patients and doctors. It researches, develops, manufactures, markets, and sells proprietary medicines and consists of two global business units - Novartis Oncology and Novartis Pharmaceutical. In 2022, the total turnover of the Swiss pharmaceutical company Novartis AG was 50.5 billion US dollars.
GSK PLC, formerly GlaxoSmithKline PLC, is a multinational pharmaceutical and biotechnology company headquartered in the UK. GSK PLC is a healthcare group engaged in the creation, discovery, development, production, and marketing of pharmaceuticals, vaccines, self-medication, and health-related consumer products. Its main pharmaceutical products include drugs in therapeutic areas such as respiratory, HIV, immune inflammation, oncology, antiviral, CNS, cardiovascular and genitourinary, metabolic, bacterial, and dermatological. In 2022, the company will generate a total of around 29.3 billion British pounds, compared to 34.1 billion in 2021.
F. Hoffmann-La Roche AG(Switzerland)
Hoffmann-La Roche AG is headquartered in Basel, Switzerland, and is commonly known as Roche. It is a multinational healthcare company that operates worldwide through two divisions: Pharmaceuticals and Diagnostics. They offer in vitro diagnosis and therapy for cancer and organ transplantation. The company specializes in oncology, virology, anti-inflammatory drugs, metabolism, central nervous system, clinical chemistry, immunology, urinalysis, blood tests, genetics, infectious diseases, and microbiology. In 2022, Roche's pharmaceutical division (the company's largest segment) had sales of 45 billion Swiss francs, while the diagnostics division generated approximately 17.7 billion Swiss francs.
Sanofi S.A. is a multinational pharmaceutical and healthcare company headquartered in Paris, France. Sanofi is engaged in the research and development, production and marketing of pharmacological products, mainly in the prescription market. In 2022, Sanofi's turnover was almost 43 billion euros, which is the highest in recent years.
- Merck & Co., Inc.(U.S.)
Merck and Co., Inc. is an American multinational pharmaceutical company headquartered in Rahway, New Jersey, United States. Merck and Co., Inc. is a global healthcare company that delivers healthcare solutions through prescription drugs, vaccines, biologics, animal health, and consumer care products that it markets directly and through joint ventures. The company's field of activity is medicine, animal care, and consumer care. Merck and Co's revenue is expected to increase in 2022, increasing from $48.7 billion in 2021 to approximately $59.3 billion in 2022.
- Johnson & Johnson(U.S.)
Johnson and Johnson (J&J) is an American multinational company headquartered in New Brunswick, New Jersey, USA. that develops medical devices, pharmaceuticals, and consumer packaged goods. J&J researches, develops, manufactures, and sells medicines, medical devices, and consumer products. The group has around 250 subsidiaries operating in 60 countries, and products are sold in more than 175 countries. Johnson & Johnson's annual revenue in 2022 was $94.943 billion, up 1.25% from 2021.
- AstraZeneca PLC(UK)
AstraZeneca PLC is a British-Swedish multinational pharmaceutical and biotechnology company headquartered at the Cambridge Biomedical Campus in Cambridge, England. It develops products related to therapeutic areas such as respiratory, cardiovascular, renal, and metabolic diseases, cancer, autoimmune, infectious, and neurological diseases. The company's product range includes biological agents, prescription drugs, and vaccines. AstraZeneca sells its products through wholly-owned local marketing companies, distributors, and local offices. In 2022, the turnover of AstraZeneca in the United States was almost 18 billion USD. But AstraZeneca is one of the few big pharmaceutical companies for which developing countries form one of its most important single markets.
- Teva Pharmaceutical Industries Ltd.(Israel)
Teva Pharmaceutical Industries Ltd. is an Israeli multinational pharmaceutical company headquartered in Tel Aviv, Israel. Their selection of approximately 3,600 products is one of the largest among any pharmaceutical companies in the world. Almost 200 million people in 60 countries benefit every day from Teva's high-quality medicines. They invest in the research and development of generic medicines and biopharmaceuticals to find new ways to improve patients' lives. In 2022, the company's turnover was approximately 14.9 billion US dollars.
- Bayer AG(Germany)
Bayer AG is a multinational pharmaceutical and biotechnology company and is also one of the largest pharmaceutical companies in the world. Bayer is headquartered in Leverkusen, Germany, and its business areas are pharmaceuticals, consumer health products, agricultural chemicals, seeds, and biotechnology products. It is a global company with core expertise in health and nutritional life sciences. They design products and services to help people and the planet thrive, supporting efforts to meet the unprecedented global challenges of a growing and aging world population. Bayer is represented in 83 countries and employs a total of 101,369 people (2022). In 2022, the pharmaceutical division of Bayer HealthCare generated revenues of around 19.3 billion euros.
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