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In the blink of an eye, 2020 is coming to an end. But what a year it has been for the healthcare industry, especially for the pharmaceutical industry, where everything has picked up the pace. Cell and Gene Therapy, digital therapeutics, and replenished R&D are making its way to the top of the Industry in no time. In 2020 alone, there have been 9 Gene therapy products approved, ten biopharma deals come up, and over 2000 immunology products under research and development.
While we look at the pharmaceutical industry as a whole, we can say North America is going to retain its leading position in the global Pharma market, undoubtedly. The undeniable growth in the United States is due to the aging population in key markets. And with the coming grey wave, whereby 2050, the baby boomers will be 65 and above. It has become essential for the Pharma industry to grow at this pace and reach the pinnacle.
Irrespective of cost containment, the significant growth of the industry is continued to grow. The reason behind this is growth utilization over price has been the primary driver of increased pharmaceutical spending. The wide market has a constant run about for of requirements too, that need to be filled. It is why businesses get a pharmaceutical email list to be the Pharma markets sole provider, before the competitors.
The Infographic here can fill your mind with the visual representation of how the replenished advances of the Pharma Market actually are.