The pharmaceutical industry was in the limelight during the pandemic as it came up with therapies and vaccines. The industry has seen significant growth across multiple areas over the past few years, aided by research and development.
The industry’s growth is expected to be driven by a rapidly aging population and the rise of various lifestyle diseases spawning out of poor health choices. According to Statista, worldwide pharmaceutical revenue is expected to grow at a CAGR of 5.4%, reaching $1.44 trillion by 2027.
