Note: The total was calculated excluding the figures for individual member states (for this purpose these include the UK) in order to avoid double-counting. Currently the top ten countries are listed, which account for more than 75% of the total market value, estimated to be $US 354 billions. 2014 ĭata is for 2014, in billions of United States dollars, as reported by The Observatory of Economic Complexity.
Those countries that posted the slowest gains year over year were: Switzerland (up 0.7%), Canada (up 1.6%), United Kingdom (up 1.6%), United States (up 1.8%) and Germany (up 6.5%). United States of America: $30.5 billion (7.1%)īy value, the listed 15 countries shipped 85.3% of all exported drugs and medicine for 2021.Īmong the above countries, the fastest-growing exporters of drugs and medicines from 2019 to 2020 were: Slovenia (up 42.2%), Ireland (up 28.8%), India (up 13.5%) and Italy (up 11.2%).Germany: US$64.7 billion (15.2% of total drugs and medicines exports).3004 for medicaments consisting of mixed or unmixed products (95.7%)īelow are the 15 countries that exported the highest dollar value worth of drugs and medicines during 2021.3003 for medicaments consisting of two or more constituents mixed together (4.3% of global total).
#BIGGEST EXPORTER OF MEDICINE IN WORLD CODE#
The 4-digit Harmonized Tariff System code prefixes for drugs and medicines are: Smaller percentages came from drugs and medicines suppliers in Latin America (0.7%) excluding Mexico but including the Caribbean, Oceania (0.5%) led by Australia and New Zealand, then Africa (0.2%). In second place were Asian pharmaceutical exporters at 10.70% while 8.10% of worldwide drugs and medicine shipments originated from North America. Year over year, there was a 7.9% uptick from 2017 to 2018.Īmong continents, European countries sold the highest dollar value worth of exported drugs and medicines during 2018 with shipments from Europe totaling $295.8 billion or 79.70% of the global total. The second-biggest pharmaceutical company out of Switzerland, Novartis has been the face. Having a market cap value of 125 billion in 2019, Eli Lilly has jumped to a current value of 214.9 billion, a significant growth of 72.
Overall the value of drugs and medicine exports grew by an average 5.80% for all exporting countries since 2014 when drugs and medicines shipments were valued at $344.1 billion. Eli Lilly has taken a significant step towards establishing itself as a pharmaceutical industry leader. Global sales from exported drugs and medicines by country total US$371.3 billion in 2018. The following is a list of countries by pharmaceutical exports.
#BIGGEST EXPORTER OF MEDICINE IN WORLD UPDATE#
Please help update this article to reflect recent events or newly available information. Exports In 2021 the top exporters of Pharmaceutical products were Germany (115B), Switzerland (90.2B), United States (81.6B), Belgium (71.1B), and Ireland. Increasing demand in global markets: Generic penetration in high-value healthcare markets (e.g., US) is growing significantly, with India supplying over 20% of the demand in major geographies.This article needs to be updated. In 2021, the top exporters of Pharmaceutical products were Germany (115B), Switzerland (90.2B), United States (81.6B), Belgium (71.1B), and Ireland (70.6B).
India is likely to become one of the top 3 Pharmaceutical industries by 2030.
Stable growth in domestic market consumption: Despite recent headwinds, the Pharmaceutical industry in India has grown rapidly. Low cost and large-scale manufacturing capability in India: India has the second-highest number of United States Food and Drug Administration (USFDA) approved facilities and labour costs in India are lower than other manufacturing hubs by up to 40%. The industry has developed GMP Certified (Good Manufacturing Practices) facilities to produce different dosage forms. Manufacturers’ strengths in Organic Chemical Synthesis and Process Engineering: The Pharmaceuticals industry has shown tremendous progress in terms of infrastructure development, technology base and a wide range of products.
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