Last year saw the global pharmaceutical market grow to $602 billion, up 7.7% from 2004. North America contributed 44.1% of global pharmaceutical sales in 2005. The three major pharmaceutical regionsNorth America, Europe, and Japanaccounted for 82.3% of the world market.
Global pharmaceutical sales growth of 7.7% in 2005 was primarily driven by a 10.8% growth in European markets. However, sales growth in all major markets slowed in 2005, with the Japanese pharmaceutical market growth falling from 10.7% in 2004 to just 4.6% in 2005.
The U.S. pharmaceutical market grew by 7.0% in 2005 to $252 billion. The U.S. retail pharmaceutical market grew to $183 billion and was dominated by sales in the central nervous system, cardiovascular, and alimentary/metabolism therapy areas.
The European pharmaceutical market grew by 10.8% to $170 billion in 2005. Germany, France, and the U.K. together accounted for almost 50% of all European pharmaceutical sales in 2005. The Japanese pharmaceutical market grew by 4.6% in 2005 to $60.3 billion.