Proposition - PharmXpert Academy

302 2007 Korea Pharmaceutical Industry Directory
3. World Market Trends
1) World Market Size
The world’s pharmaceutical market as a whole realized a 7% y-o-y growth to
reach the total value of USD643 billion in 2006. The arithmetic average growth
rate from the past 5 years was calculated at 10.05% to show that the market is
rapidly expanding. By region, the North American market accounted for 47.7% of
the whole, followed by the European, Japanese, Asian + African + Australian, and
Latin American markets accounting for 29.9%, 9.3%, 8.6%, and 4.5% of the whole,
respectively.
Table Ⅱ-3-1
World’s Pharmaceutical Market Size by Year (USD Billion)
Classification 1999 2000 2001 2002 2003 2004 2005 2006
World Market 334 362 387 427 498 559 601 643
Y-O-Y Growth (%) 14.5 11.7 11.8 10.6 10.4 8.0 6.8 7
Source: IMS Health Market Prognosis (includes IMS-audited and Unaudited Markets) March 2, 2007.
Table Ⅱ-3-2 World’s Pharmaceutical Market by Region (2006)
Region Market Size World Market Share (%) Y-O-Y Growth (%)
Latin America USD27.5 Billion 4.5 12.9
Asia/Africa/Australia USD52.0 Billion 8.6 9.8
Japan USD56.7 Billion 9.3 -0.7
Europe USD181.8 Billion 29.9 4.8
North America USD289.9 Billion 47.7 8.0
World Market USD607.9 Billion 100 6.5
Source: IMS Health: MIDAS, MAT, Dec 2006 Regions of which the data was not compiled by the IMS are
excluded.