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Past, Present, and Future Trends Affecting the Bio/Pharmaceutical Industry

Past, Present, and Future Trends Affecting the Bio/Pharmaceutical Industry

Medium: Pharmaceutical Technology
Author: Peter Soelkner, Managing Director

Over the past several years, the global contract pharmaceutical manufacturing market grew at an average annual rate of 7.5% according to the business information portal Visiongain. The reason for this growth, among other things, was the growing demand for biotechnological drugs that have established themselves in the treatment of a variety of diseases, as well as the emergence of a number of small pharma companies that have limited capacity to fill their product. And with the global market expected to continue expanding in 2017, the future remains optimistic. According to estimates by the market research firm IMS Health, the market for biological products will reach the $390 billion mark by 2020 (2). It is important to note, however, that companies wanting to exploit this trend will be facing new challenges...
 

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