Follow
The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceuticals for use as medications to be administered to patients (or self-administered), with the aim to mitigate symptoms or disease conditions, vaccinate them, or alleviate symptoms of disease or surgical or disease condition. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy using drug testing and marketing of drugs. The global pharmaceuticals market produced treatments worth $1,228.45 billion in 2020 and showed a compound annual growth rate (CAGR) of 1.8%.
© 2025 Pharmaceuticals Index. All rights reserved.