PUBLISHER: The Business Research Company | PRODUCT CODE: 1659042
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659042
Ethical pharmaceuticals refer to medications that are strictly dispensed under a doctor's prescription through a registered pharmacist, as they are regulated substances overseen by specific regulatory bodies.
The primary categories within ethical pharmaceutical markets encompass lipid regulators, narcotic analgesics, ACE inhibitors, respiratory agents, diuretics, calcium antagonists, hormonal contraceptives, penicillin, vitamins, and minerals. Lipid regulators, for example, alter lipid metabolism and are crucial in managing cardiovascular health, particularly in reducing the risk of events like heart attacks and strokes. These include substances like HMG-CoA reductase inhibitors, commonly known as statins. Distribution channels for these pharmaceuticals involve hospital and retail pharmacies, among others. They find applications across various healthcare settings such as hospitals, clinics, and pharmaceutical companies, serving as essential components in managing different health conditions and improving overall well-being.
The ethical pharmaceutical market research report is one of a series of new reports from The Business Research Company that provides ethical pharmaceutical market statistics, including ethical pharmaceutical industry global market size, regional shares, competitors with an ethical pharmaceutical market share, detailed ethical pharmaceutical market segments, market trends and opportunities, and any further data you may need to thrive in the ethical pharmaceutical industry. This ethical pharmaceutical market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ethical pharmaceuticals market size has grown rapidly in recent years. It will grow from $7.15 billion in 2024 to $8.04 billion in 2025 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to drug innovation and discovery, regulatory framework, traditional drug therapies, chronic disease prevalence, investment in research and development.
The ethical pharmaceuticals market size is expected to see rapid growth in the next few years. It will grow to $13.34 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to precision medicine advancements, biologics and advanced therapies, biopharmaceutical innovations, regulatory landscape, digital health integration. Major trends in the forecast period include focus on precision medicine, healthcare digitization and remote care, precision drug delivery systems, real-world evidence and clinical trials, collaborative research and partnerships.
The increasing prevalence of chronic diseases is a major factor driving the ethical pharmaceutical market. Chronic conditions are defined as those lasting a year or more that require ongoing medical care, such as diabetes, cancer, and heart disease. Ethical pharmaceutical drugs are often prescribed for the long-term management of these chronic diseases, which subsequently boosts the demand for ethical pharmaceuticals. For example, in March 2024, the Office for Health Improvement and Disparities, a UK-based government department, reported that from March 2022 to March 2023, the percentage of individuals with type 1 diabetes receiving all eight recommended care processes increased by 22%. For type 2 diabetes, the increase was 21%, while the percentage of individuals achieving target HbA1c levels rose to 37.9%, the highest figure ever recorded by the National Diabetes Audit (NDA). Thus, the growing prevalence of chronic diseases is anticipated to drive the growth of the ethical pharmaceutical market.
The rise in healthcare expenditures is expected to contribute to the growth of the ethical pharmaceutical market in the future. Healthcare expenditures encompass all costs associated with providing health services, family planning activities, nutrition programs, and emergency assistance with a focus on health. An increase in healthcare expenditures will likely lead to further improvements in patient access to high-quality pharmaceutical treatments and ensure that medical practices adhere to high moral standards and ethical conduct. For instance, in March 2023, the American Medical Association, a US-based professional organization, noted that healthcare spending in the United States rose by 2.7% to $12,914 per person in 2021, amounting to $4.3 trillion. Therefore, the rise in healthcare expenditures is driving the expansion of the ethical pharmaceutical market.
Technological advancements are gaining prominence in the ethical pharmaceutical market, with major companies introducing innovative drugs like Sugmadex. BDR Pharma and Varenyam Healthcare, India-based pharmaceutical companies, jointly launched Sugmadex, a pioneering reversal agent featuring unique beta-cyclodextrin neuromuscular block (NMB) reversal properties. Sugmadex aims to address current anesthetic practice limitations and is available in single-dose vial sizes of 2 and 5 milliliters.
Major companies in the ethical pharmaceutical market are increasingly concentrating on launching procurement programs to secure a competitive advantage. A procurement program is a strategic initiative designed to meet specific procurement objectives, such as cost reduction, quality improvement, or risk mitigation. For example, in September 2022, GlaxoSmithKline PLC, a UK-based pharmaceutical firm, introduced a Sustainable Procurement Programme for its suppliers. This program aims to lessen the environmental impact of its supply chain. Set to be implemented in 2023, the initiative will require and assist suppliers in addressing issues related to carbon, power, heat, transport, water, waste, and the sustainable sourcing of deforestation-free materials. This action responds to the considerable environmental footprint associated with the supply chains in the pharmaceutical industry. The manufacturing process of active pharmaceutical ingredients (APIs) is resource-intensive, necessitating significant amounts of heat, energy, and water.
In March 2022, Pfizer, a pharmaceutical company based in the USA, acquired Arena Pharmaceuticals for $6.7 billion. This acquisition allows Pfizer to integrate Arena Pharmaceuticals' pipeline into its inflammation and immunology therapeutic area, further enhancing its efforts to improve the lives of individuals suffering from immuno-inflammatory diseases. Arena Pharmaceuticals is also a pharmaceutical company located in the USA.
Major companies operating in the ethical pharmaceuticals market are Johnson & Johnson Services Inc., GlaxoSmithKline PLC, Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., Novartis AG, AstraZeneca PLC, Bristol-Myers Squibb Company, Eli Lilly and Company, Mylan NV, Pfizer Inc., Sanofi S.A., AbbVie Inc., Amgen Inc., Biogen Inc., Boehringer Ingelheim International GmbH, Gilead Sciences Inc., Novo Nordisk A/S, Regeneron Pharmaceuticals Inc., Roche Holding AG, Takeda Pharmaceutical Company Limited, Abbott Laboratories, Bayer AG, Daiichi Sankyo Company Limited, Eisai Co. Ltd., Ipsen Biopharmaceuticals Inc., Kyowa Kirin Co. Ltd., Mallinckrodt Pharmaceuticals, Sun Pharmaceutical Industries Ltd., Amarin Corporation PLC, Vertex Pharmaceuticals Incorporated, Aimmune Therapeutics Inc.
North America was the largest region in the ethical pharmaceutical market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ethical pharmaceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ethical pharmaceuticals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ethical pharmaceutical market includes revenues earned by entities from pharmaceutical commodities and services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ethical Pharmaceuticals Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ethical pharmaceuticals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ethical pharmaceuticals ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ethical pharmaceuticals market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.