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Industry Insights

  • The total global pharmaceutical market was valued at about 1.27 trillion U.S. dollars compared to a mere 390 billion U.S. dollars in 2001.
  • In 2020, research and development spending in the pharmaceutical industry totaled nearly 200 billion U.S. dollars globall.
  • For the last several years, major developments in pharmaceutical research and development have begun to change the R&D landscape.
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