The revenue of the pharmaceutical market in the Asia-Pacific region amounted to approximately 210 billion U.S. dollars in 2023. It was forecast to increase continuously in the following years, and was set to reach over 290 billion dollars by 2028.
Revenue of the pharmaceutical market in the Asia-Pacific region from 2019 to 2023, with forecasts to 2028
(in billion U.S. dollars)
Data provided by Statista Market Insights are estimates.
The Pharmaceuticals market covers remedies used to cure, treat, prevent, and diagnose diseases. These small molecule drugs or biologic medical products may be called drugs, medications, or medicines. Prescription drugs and over-the-counter (OTC) drugs are both included. Depending on the regulations in each country, these products are provided by pharmacies, hospitals, physicians, and/or drug stores, and/or they can be bought elsewhere. They may be administered in the form of pills, capsules, gels, ointments, injections, infusions, lozenges, or aerosols/sprays.
The Pharmaceuticals market is organized in markets that cover drugs used in specific medical fields, i.e., medicines for a specific disesase or a certain type of medicine. They include original brands, biosimilars, generics, and orphan drugs. The Other Pharmaceuticals market provides information on additional specialties that are not covered by the main markets.
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).Â
Company examples: Novartis, Roche, Pfizer, Merck & Co, Johnson & Johnson, AbbVie, Sanofi
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Statista. (January 10, 2024). Revenue of the pharmaceutical market in the Asia-Pacific region from 2019 to 2023, with forecasts to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1441049/apac-pharmaceutical-market-revenue
Statista. "Revenue of the pharmaceutical market in the Asia-Pacific region from 2019 to 2023, with forecasts to 2028 (in billion U.S. dollars)." Chart. January 10, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1441049/apac-pharmaceutical-market-revenue
Statista. (2024). Revenue of the pharmaceutical market in the Asia-Pacific region from 2019 to 2023, with forecasts to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1441049/apac-pharmaceutical-market-revenue
Statista. "Revenue of The Pharmaceutical Market in The Asia-pacific Region from 2019 to 2023, with Forecasts to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1441049/apac-pharmaceutical-market-revenue
Statista, Revenue of the pharmaceutical market in the Asia-Pacific region from 2019 to 2023, with forecasts to 2028 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1441049/apac-pharmaceutical-market-revenue (last visited November 10, 2024)
Revenue of the pharmaceutical market in the Asia-Pacific region from 2019 to 2023, with forecasts to 2028 (in billion U.S. dollars) [Graph], Statista, January 10, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1441049/apac-pharmaceutical-market-revenue