Prescription Medicine Market Trends, Key Players Analysis, and Forecast by 2031

Coverage: Prescription Medicine Market covers analysis By Product Type (Generics, Orphan, Other); Therapy (Oncology, Anti-diabetics, Vaccines, Sensory Organs, Immunosuppressants, Anticoagulants, Others); Distribution Channel (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies and Drug Stores), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00014476
  • Category : Life Sciences
  • No. of Pages : 150
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The Prescription Medicine Market is expected to register a CAGR of 7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Product Type (Generics, Orphan, Other); Therapy (Oncology, Anti-diabetics, Vaccines, Sensory Organs, Immunosuppressants, Anticoagulants, Others); and Distribution Channel (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies and Drug Stores). The global analysis is broken down at the regional level and for major countries. The market evaluation is presented in US$ for the above segmental analysis.

Purpose of the Report

The report Prescription Medicine Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Prescription Medicine Market Segmentation

Product Type
  • Generics
  • Orphan
Therapy
  • Oncology
  • Anti-diabetics
  • Vaccines
  • Sensory Organs
  • Immunosuppressants
  • Anticoagulants
Distribution Channel
  • Hospital Pharmacies
  • Online Pharmacies
  • Retail Pharmacies and Drug Stores

Strategic Insights

Prescription Medicine Market Growth Drivers
  • Rising Healthcare Spending and Improved Access to Medications: The rise in healthcare spending globally is another critical growth driver for the prescription medicine market. Officials and insurance companies plus patients put more money into healthcare which helps people get better access to medicine. This increased spending is particularly noticeable in emerging markets where healthcare systems are rapidly evolving. When healthcare services become available to more people they can pay for prescription medicine which treats both sudden and ongoing health problems. Market research shows healthcare budgets will increase further in all economies which creates growing demand for prescription drugs. More people can access medical care and get needed prescriptions because better healthcare services and medicines are available. Prescription medicine market expansion happens as healthcare systems develop especially in nations that used to restrict drug access. The future growth of pharmaceutical companies will depend on healthcare spending because patients will need more prescription drugs. When nations put more money into healthcare services and wellness programs they create more demand for prescription drugs which keeps the market growing steadily. Emerging markets need prescription drugs more than other regions which drives this market growth.
  • Growing Focus on Preventative Healthcare and Wellness: The market for prescription medicine grows because patients now focus more on staying healthy before problems develop. More people want to stay healthy and avoid diseases so they need prescription drugs to help protect their health. The prescription of vaccines statins and antihypertensive drugs for disease prevention increases as doctors treat people who have high chronic disease risks. Patients need medications that control their health conditions before they get worse. The prescription medicine market will experience continuous growth because patients want medicine that lowers their chances of developing major health problems. More healthcare providers include preventive treatments in their plans because they understand the benefits of early health management. People are using prescription drugs more often to manage and prevent diseases because they now understand how their lifestyle choices affect their health and want to stay well. The market for preventative healthcare keeps growing which will boost the market for prescription drugs. Prescription medicine now helps doctors shift healthcare focus from treating illness to preventing it with equal importance.
  • Advancements in Pharmaceutical Research and Development (R&D): The prescription medicine market grows because of major progress made in pharmaceutical research and development projects. Modern pharmaceutical research produces better treatment options faster than ever before. With new scientific breakthroughs pharmaceutical companies design better targeted medicines that work for diseases that have no effective treatments today. The prescription medicine market will expand because companies invest in research and development to bring new medical treatments to patients. The new medical discoveries help patients live better lives and sometimes add years to their life especially when treating cancer patients and people with Alzheimer's and rare genetic diseases. These new treatments will take a bigger share of the market because new drugs with breakthrough features keep arriving. The growth of pharmaceutical companies depends on their research into biologics, gene therapies, and immunotherapies which creates new effective treatments for patients. Pharmaceutical companies predict they will develop more drugs through research and development efforts which will open up new ways to treat diseases. The prescription medicine industry keeps growing because research and development brings new therapies to market to help patients worldwide.
Prescription Medicine Market Future Trends
  • Rise of Telemedicine and Digital Health Solutions: One of the most notable trends in the prescription medicine market is the rapid growth of telemedicine and digital health solutions. Digital technology made telemedicine a preferred method for patients to connect with healthcare providers from home especially when treating long-term medical conditions. Through telemedicine doctors can write medicine prescriptions directly to their patients without needing an in-person visit which helps patients access healthcare more easily. Healthcare providers worldwide started using telehealth more during COVID-19 and plan to keep using it as their standard practice. The market research shows telemedicine will boost prescription medicine growth because people choose online medical visits over traditional visits. Telemedicine platforms will serve more patients with their prescription needs because people now use online healthcare services more often. Digital health tools like medication tracking apps now help patients stay on track with their medications through reminder features. Digital tools support patients in better handling their medicines which results in better therapy results. As telemedicine grows into standard healthcare delivery methods experts predict higher prescription medication orders will rise. The prescription medicine market will keep expanding as telemedicine keeps driving growth which makes telemedicine an important part of medicine's future development. The number of telemedicine prescription services expected to rise because patients want easier ways to get healthcare.
  • Shift Toward Personalized and Precision Medicine: The market shows higher demand for customized medical treatments that match individual patient needs. Through personalized medicine doctors create custom treatment plans that match each patient's one-of-a-kind genetic profile combined with their life habits and surroundings. The specific method helps doctors find better treatments that help patients get the best results while avoiding unwanted side effects. The prescription medicine market should see major growth because of this trend. By using new diagnostic tools and genetic tests doctors create custom treatment plans that help patients succeed at lower healthcare expenses. Business analysts predict personalized medicine will generate substantial growth for prescription drug sales by 2026. Personalized medicine treatments will gain more market space because healthcare providers and patients understand their benefits. Healthcare providers will use personalized medicines more often because chronic diseases such as cancer, diabetes, and cardiovascular conditions grow more widespread. Research shows precision medicine will advance further through better biologic treatments and gene therapies. Pharmaceutical companies and healthcare providers will have better chances to enhance care quality through improved targeted treatments as this trend continues to grow.
  • Increased Adoption of Biologic and Biosimilar Drugs: The prescription medicine market continues to see greater use of both biologic medicines and their biosimilar versions. Doctors use medicine made from living organisms to treat patients who have chronic diseases, cancer, autoimmune problems, and genetic illnesses. The public wants more of these treatments because they provide excellent results. Biologic drugs will remain in high demand because market research shows these treatments will expand as medical scientists create more biologic solutions for healthcare needs. Biosimilars emerge as less expensive alternatives because they match the properties of branded biologic drugs. The prescription medicine market will see more market share growth because patients and healthcare systems now accept biosimilars which offer cheaper alternatives to branded drugs. The biosimilar industry will see rapid growth because patients will get cheaper treatment when patents on branded biologic drugs end. The market growth of biosimilars will decrease healthcare system drug spending costs which remains a major expense problem. As patients get more access to biologic therapies the prescription medicine sector will develop new targeted treatments that help patients at lower costs.
Prescription Medicine Market Opportunities
  • Expansion of Generic Drug Market: The prescription medicine industry can grow more through expanding its generic drug options. When brand-name prescription drug patents expire generic versions enter the market at lower prices to benefit patients and healthcare organizations. The generic drug market will expand thanks to its lower prices which will benefit healthcare areas with high treatment expenses. Market projections show the generic drug sector will grow because patients seek budget-friendly options instead of expensive brand-name medications. Healthcare systems feel less strain from drug costs because generics help patients get needed medicines at lower prices. Generics will take a larger market share primarily in emerging market nations because patients there focus more on price. The generics market will grow quickly because older people need more healthcare and chronic disease treatments plus governments want more budget-friendly medical solutions. Pharmaceutical businesses that create and sell generic drugs will profit from this market growth trend since many big brand drug patents are ending.
  • Innovation in Digital Therapeutics: Digital therapeutics technology offers fresh growth potential for prescription medicine companies. Digital therapeutics are evidence-based medical treatments that patients access through computer programs and mobile applications to handle specific health conditions. The prescription medicine market now accepts digital therapeutic alternatives which help patients better manage chronic diseases including diabetes, asthma, and mental health conditions. Digital therapeutics market revenue projections show rapid expansion because people use mobile health apps and wearable technology more now. Doctors now prescribe digital health tools to patients alongside normal treatments to help them recover better. Digital therapeutics will gain more market presence because healthcare systems and patients now see how digital tools improve their regular medical treatments. Research shows this sector will expand thanks to technological advances while doctors and patients focus more on individual care and digital tools enhance medicine effectiveness. The prescription medicine field has a new expansion path that gives patients highly customized medical care alongside their regular medications.
  • Growth of Over-the-Counter (OTC) to Prescription Switch: The prescription medicine market will grow from more OTC drugs becoming prescription-only medicines. You can buy OTC medicines without medical approval but prescription drugs need a healthcare provider's written permission. Pharmaceutical companies transform their OTC drugs into prescription-only products because healthcare rules are changing. When companies switch OTC drugs to prescription status they gain access to higher profits because prescription drugs generate more sales than OTC drugs. The prescription medicine market will expand according to market size projections because patients and doctors now approve more treatments. The market value of these new prescription drugs will expand since patients want stronger versions of their OTC medicines when doctors approve them. As the OTC sector grows experts expect more people will choose prescription drugs which will boost sales of prescription medicines. Patients with chronic conditions now have better access to advanced treatment options as they transition from self-care to medical supervision of their health needs.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Prescription Medicine Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Prescription Medicine Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
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Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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Frequently Asked Questions


What is the expected CAGR of the Prescription Medicine Market?

The Prescription Medicine Market is estimated to witness a CAGR of 7% from 2025 to 2031.

What are the driving factors impacting the Prescription Medicine Market?

The major factors driving the Prescription Medicine Market are Rising Healthcare Spending and Improved Access to Medications, Growing Focus on Preventative Healthcare and Wellness, and Advancements in Pharmaceutical Research and Development (R&D).

What are the future trends of the Prescription Medicine Market?

Future trends in the Prescription Medicine Market are the Rise of Telemedicine and Digital Health Solutions, the Shift Toward Personalized and Precision Medicine and Increased Adoption of Biologic and Biosimilar Drugs.

Which are the leading players in the Prescription Medicine Market?

Some of the players operating in the market are Novartis AG, Pfizer, Inc., F.Hoffmann-La Roche Ltd, Sanofi, Johnson and Johnson Services, Inc., Merck and Co., Inc., AbbVie, Inc., GlaxoSmithKline plc., AstraZeneca, Bristol-Myers Squibb Company.

What are the deliverable formats of the Prescription Medicine Market report?

The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.

What are the options available for the customization of this report?

Some customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility.

TABLE OF CONTENTS


INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Prescription Medicine Market - By Product Type
1.3.2 Prescription Medicine Market - By Therapy
1.3.3 Prescription Medicine Market - By Distribution Channel
1.3.4 Prescription Medicine Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PRESCRIPTION MEDICINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PRESCRIPTION MEDICINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PRESCRIPTION MEDICINE MARKET - GLOBAL MARKET ANALYSIS
6.1. PRESCRIPTION MEDICINE - GLOBAL MARKET OVERVIEW
6.2. PRESCRIPTION MEDICINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PRESCRIPTION MEDICINE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. GENERICS
7.3.1. Overview
7.3.2. Generics Market Forecast and Analysis
7.4. ORPHAN
7.4.1. Overview
7.4.2. Orphan Market Forecast and Analysis
7.5. OTHER
7.5.1. Overview
7.5.2. Other Market Forecast and Analysis
8. PRESCRIPTION MEDICINE MARKET - REVENUE AND FORECASTS TO 2028 - THERAPY
8.1. OVERVIEW
8.2. THERAPY MARKET FORECASTS AND ANALYSIS
8.3. ONCOLOGY
8.3.1. Overview
8.3.2. Oncology Market Forecast and Analysis
8.4. ANTI-DIABETICS
8.4.1. Overview
8.4.2. Anti-diabetics Market Forecast and Analysis
8.5. VACCINES
8.5.1. Overview
8.5.2. Vaccines Market Forecast and Analysis
8.6. SENSORY ORGANS
8.6.1. Overview
8.6.2. Sensory Organs Market Forecast and Analysis
8.7. IMMUNOSUPPRESSANTS
8.7.1. Overview
8.7.2. Immunosuppressants Market Forecast and Analysis
8.8. ANTICOAGULANTS
8.8.1. Overview
8.8.2. Anticoagulants Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. PRESCRIPTION MEDICINE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL PHARMACIES
9.3.1. Overview
9.3.2. Hospital Pharmacies Market Forecast and Analysis
9.4. ONLINE PHARMACIES
9.4.1. Overview
9.4.2. Online Pharmacies Market Forecast and Analysis
9.5. RETAIL PHARMACIES AND DRUG STORES
9.5.1. Overview
9.5.2. Retail Pharmacies and Drug Stores Market Forecast and Analysis
10. PRESCRIPTION MEDICINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Prescription Medicine Market Overview
10.1.2 North America Prescription Medicine Market Forecasts and Analysis
10.1.3 North America Prescription Medicine Market Forecasts and Analysis - By Product Type
10.1.4 North America Prescription Medicine Market Forecasts and Analysis - By Therapy
10.1.5 North America Prescription Medicine Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Prescription Medicine Market Forecasts and Analysis - By Countries
10.1.6.1 United States Prescription Medicine Market
10.1.6.1.1 United States Prescription Medicine Market by Product Type
10.1.6.1.2 United States Prescription Medicine Market by Therapy
10.1.6.1.3 United States Prescription Medicine Market by Distribution Channel
10.1.6.2 Canada Prescription Medicine Market
10.1.6.2.1 Canada Prescription Medicine Market by Product Type
10.1.6.2.2 Canada Prescription Medicine Market by Therapy
10.1.6.2.3 Canada Prescription Medicine Market by Distribution Channel
10.1.6.3 Mexico Prescription Medicine Market
10.1.6.3.1 Mexico Prescription Medicine Market by Product Type
10.1.6.3.2 Mexico Prescription Medicine Market by Therapy
10.1.6.3.3 Mexico Prescription Medicine Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Prescription Medicine Market Overview
10.2.2 Europe Prescription Medicine Market Forecasts and Analysis
10.2.3 Europe Prescription Medicine Market Forecasts and Analysis - By Product Type
10.2.4 Europe Prescription Medicine Market Forecasts and Analysis - By Therapy
10.2.5 Europe Prescription Medicine Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Prescription Medicine Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Prescription Medicine Market
10.2.6.1.1 Germany Prescription Medicine Market by Product Type
10.2.6.1.2 Germany Prescription Medicine Market by Therapy
10.2.6.1.3 Germany Prescription Medicine Market by Distribution Channel
10.2.6.2 France Prescription Medicine Market
10.2.6.2.1 France Prescription Medicine Market by Product Type
10.2.6.2.2 France Prescription Medicine Market by Therapy
10.2.6.2.3 France Prescription Medicine Market by Distribution Channel
10.2.6.3 Italy Prescription Medicine Market
10.2.6.3.1 Italy Prescription Medicine Market by Product Type
10.2.6.3.2 Italy Prescription Medicine Market by Therapy
10.2.6.3.3 Italy Prescription Medicine Market by Distribution Channel
10.2.6.4 Spain Prescription Medicine Market
10.2.6.4.1 Spain Prescription Medicine Market by Product Type
10.2.6.4.2 Spain Prescription Medicine Market by Therapy
10.2.6.4.3 Spain Prescription Medicine Market by Distribution Channel
10.2.6.5 United Kingdom Prescription Medicine Market
10.2.6.5.1 United Kingdom Prescription Medicine Market by Product Type
10.2.6.5.2 United Kingdom Prescription Medicine Market by Therapy
10.2.6.5.3 United Kingdom Prescription Medicine Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Prescription Medicine Market Overview
10.3.2 Asia-Pacific Prescription Medicine Market Forecasts and Analysis
10.3.3 Asia-Pacific Prescription Medicine Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Prescription Medicine Market Forecasts and Analysis - By Therapy
10.3.5 Asia-Pacific Prescription Medicine Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Prescription Medicine Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Prescription Medicine Market
10.3.6.1.1 Australia Prescription Medicine Market by Product Type
10.3.6.1.2 Australia Prescription Medicine Market by Therapy
10.3.6.1.3 Australia Prescription Medicine Market by Distribution Channel
10.3.6.2 China Prescription Medicine Market
10.3.6.2.1 China Prescription Medicine Market by Product Type
10.3.6.2.2 China Prescription Medicine Market by Therapy
10.3.6.2.3 China Prescription Medicine Market by Distribution Channel
10.3.6.3 India Prescription Medicine Market
10.3.6.3.1 India Prescription Medicine Market by Product Type
10.3.6.3.2 India Prescription Medicine Market by Therapy
10.3.6.3.3 India Prescription Medicine Market by Distribution Channel
10.3.6.4 Japan Prescription Medicine Market
10.3.6.4.1 Japan Prescription Medicine Market by Product Type
10.3.6.4.2 Japan Prescription Medicine Market by Therapy
10.3.6.4.3 Japan Prescription Medicine Market by Distribution Channel
10.3.6.5 South Korea Prescription Medicine Market
10.3.6.5.1 South Korea Prescription Medicine Market by Product Type
10.3.6.5.2 South Korea Prescription Medicine Market by Therapy
10.3.6.5.3 South Korea Prescription Medicine Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Prescription Medicine Market Overview
10.4.2 Middle East and Africa Prescription Medicine Market Forecasts and Analysis
10.4.3 Middle East and Africa Prescription Medicine Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Prescription Medicine Market Forecasts and Analysis - By Therapy
10.4.5 Middle East and Africa Prescription Medicine Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Prescription Medicine Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Prescription Medicine Market
10.4.6.1.1 South Africa Prescription Medicine Market by Product Type
10.4.6.1.2 South Africa Prescription Medicine Market by Therapy
10.4.6.1.3 South Africa Prescription Medicine Market by Distribution Channel
10.4.6.2 Saudi Arabia Prescription Medicine Market
10.4.6.2.1 Saudi Arabia Prescription Medicine Market by Product Type
10.4.6.2.2 Saudi Arabia Prescription Medicine Market by Therapy
10.4.6.2.3 Saudi Arabia Prescription Medicine Market by Distribution Channel
10.4.6.3 U.A.E Prescription Medicine Market
10.4.6.3.1 U.A.E Prescription Medicine Market by Product Type
10.4.6.3.2 U.A.E Prescription Medicine Market by Therapy
10.4.6.3.3 U.A.E Prescription Medicine Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Prescription Medicine Market Overview
10.5.2 South and Central America Prescription Medicine Market Forecasts and Analysis
10.5.3 South and Central America Prescription Medicine Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Prescription Medicine Market Forecasts and Analysis - By Therapy
10.5.5 South and Central America Prescription Medicine Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Prescription Medicine Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Prescription Medicine Market
10.5.6.1.1 Brazil Prescription Medicine Market by Product Type
10.5.6.1.2 Brazil Prescription Medicine Market by Therapy
10.5.6.1.3 Brazil Prescription Medicine Market by Distribution Channel
10.5.6.2 Argentina Prescription Medicine Market
10.5.6.2.1 Argentina Prescription Medicine Market by Product Type
10.5.6.2.2 Argentina Prescription Medicine Market by Therapy
10.5.6.2.3 Argentina Prescription Medicine Market by Distribution Channel
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PRESCRIPTION MEDICINE MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of the World
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PRESCRIPTION MEDICINE MARKET, KEY COMPANY PROFILES
13.1. NOVARTIS AG
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. PFIZER, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. F.HOFFMANN-LA ROCHE LTD
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. SANOFI
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. JOHNSON AND JOHNSON SERVICES, INC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MERCK AND CO., INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ABBVIE, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. GLAXOSMITHKLINE PLC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ASTRAZENECA
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. BRISTOL-MYERS SQUIBB COMPANY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1. Novartis AG
2. Pfizer, Inc.
3. F.Hoffmann-La Roche Ltd
4. Sanofi
5. Johnson and Johnson Services, Inc
6. Merck and Co., Inc.
7. AbbVie, Inc.
8. GlaxoSmithKline plc.
9. AstraZeneca
10. Bristol-Myers Squibb Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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