The pharmaceutical industry entered the limelight in early 2020 as the COVID-19 pandemic challenged the global healthcare sector. Pharmaceutical industries in developing countries have registered especially massive gains over the last two years, and international competition in this segment has thereby reached new heights.
Despite an acute shortage of staff and an apparent supply crunch, the demand for the pharmaceutical industry will likely not decline anytime soon because chronic diseases continue to surge. Investors’ interest in this space is evidenced by the VanEck Vectors Pharmaceutical ETF’s (PPH) 6.8% returns over the past three months.
