Pharmaceutical industry

The pharmaceutical industry is an industry in medicine that discovers, develops, produces, and markets pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure and prevent diseases, or alleviate symptoms.^[1]^[2] 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%.^[3]

^ McGuire, John L.; Hasskarl, Horst; Bode, Gerd; Klingmann, Ingrid; Zahn, Manuel (2007). "Pharmaceuticals, General Survey". Ullmann's Encyclopedia of Industrial Chemistry. Wiley. doi:10.1002/14356007.a19_273.pub2. ISBN 978-3527306732.
^ Bozenhardt, Erich H.; Bozenhardt, Herman F. (18 October 2018). "Are You Asking Too Much From Your Filler?". Pharmaceutical Online (Guest column). VertMarkets. Archived from the original on 17 November 2020. Retrieved 30 October 2018. The core mission of the pharmaceutical industry is to manufacture products for patients to cure them, vaccinate them, or alleviate a symptom, often by manufacturing a liquid injectable or an oral solid, among other therapies.
^ Markets, Research and (31 March 2021). "Global Pharmaceuticals Market Report 2021: Market is Expected to Grow from $1228.45 Billion in 2020 to $1250.24 Billion in 2021 - Long-term Forecast to 2025 & 2030". GlobeNewswire News Room (Press release). Archived from the original on 29 November 2021. Retrieved 29 November 2021.

[rl2007-1] McGuire, John L.; Hasskarl, Horst; Bode, Gerd; Klingmann, Ingrid; Zahn, Manuel (2007). "Pharmaceuticals, General Survey". Ullmann's Encyclopedia of Industrial Chemistry. Wiley. doi:10.1002/14356007.a19_273.pub2. ISBN 978-3527306732.

[2] Bozenhardt, Erich H.; Bozenhardt, Herman F. (18 October 2018). "Are You Asking Too Much From Your Filler?". Pharmaceutical Online (Guest column). VertMarkets. Archived from the original on 17 November 2020. Retrieved 30 October 2018. The core mission of the pharmaceutical industry is to manufacture products for patients to cure them, vaccinate them, or alleviate a symptom, often by manufacturing a liquid injectable or an oral solid, among other therapies.

[3] Markets, Research and (31 March 2021). "Global Pharmaceuticals Market Report 2021: Market is Expected to Grow from $1228.45 Billion in 2020 to $1250.24 Billion in 2021 - Long-term Forecast to 2025 & 2030". GlobeNewswire News Room (Press release). Archived from the original on 29 November 2021. Retrieved 29 November 2021.

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