GITNUX MARKETDATA REPORT 2024

Biopharmaceutical Industry Statistics

Biopharmaceutical industry statistics provide insights into key trends, market size, revenue growth, research and development investments, and regulatory developments within the sector.

Statistic 1

"The global biopharmaceutical industry was valued at approximately $271.8 billion in 2020."

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Statistic 2

"The U.S. biopharmaceutical industry directly employs over 811,000 people."

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Statistic 3

"The biopharmaceuticals sector is expected to grow at a CAGR of 12.5% from 2021 to 2028."

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Statistic 4

"The global biosimilars market was valued at over $19.3 billion in 2020."

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Statistic 5

"Biopharmaceutical exports from the U.S. exceeded $60 billion in 2020."

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Statistic 6

"Approximately 40% of all new drugs approved are biopharmaceuticals."

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Statistic 7

"Biopharmaceuticals represent approximately 26% of the global pharmaceutical market."

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Statistic 8

"The Asia-Pacific region is expected to witness the highest growth rate in the biopharmaceutical industry."

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Statistic 9

"The average cost to develop a new biopharmaceutical drug is estimated at $2.6 billion."

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Statistic 10

"The biotechnology sector alone employs over 200,000 people in the United States."

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Statistic 11

"The U.S. biopharmaceutical sector contributes $2.3 trillion annually to the nation's economy."

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Statistic 12

"The largest market for biopharmaceuticals is North America, accounting for nearly 45% of total sales."

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Statistic 13

"There are over 8,000 medicines currently in development globally by biopharmaceutical companies."

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Statistic 14

"The biotechnology industry comprises approximately 800 publicly traded companies."

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Statistic 15

"Biopharmaceutical patents account for nearly 60% of all medical patents filed."

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Statistic 16

"Monoclonal antibodies represent the largest product class within the biopharmaceutical sector."

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Statistic 17

"Europe represents about 30% of the biopharmaceutical market."

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Statistic 18

"In 2019, biopharmaceutical companies invested over $100 billion into R&D."

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Statistic 19

"Biopharmaceutical companies provide nearly 5,000 clinical trials globally each year."

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Statistic 20

"The orphan drug market, a subset of the biopharmaceutical industry, is expected to reach $217 billion by 2024."

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