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News  ›  GlobeNewswire Inc.

Pharmaceutical Market to Reach USD 3,033.21 Billion by 2034 Driven by Rising Geriatric Population

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Towards Healthcare
Pharmaceutical Market to Reach USD 3,033.21 Billion by 2034 Driven by Rising Geriatric Population

The global pharmaceutical market is projected to grow from USD 1,772.65 billion in 2025 to USD 3,033.21 billion by 2034, with a 6.15% CAGR. North America currently dominates the market, with key growth drivers including aging populations, rising chronic diseases, and significant investments in research and development.

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Actively expanding through acquisitions and launching innovative medicines in oncology, gene therapy, and rare diseases