About Blockbuster Drugs
Over the past few years blockbuster to be born supposed to develop aggressive marketing with rising sales volumes in order to secure monopolistic rents offered by patents rapidly. Blockbuster drugs are defined as the drugs that generate at least USD1 billion in revenue a year for the pharmaceutical companies that produce them Blockbuster drugs are used to treat various ac medical problems. For instance, the medications used to treat diabetes, cholesterol, high blood pressure, and cancer. Part of the success of these drugs stems from the fact that they're needed over a long period of time, and that they play a key role in helping doctors manage their patients' conditions. For this reason, the pharma companies are aiming to develop a diverse and successful range of products instead of depending on one or two blockbuster drugs to keep themselves profitable is booming the demand for blockbuster drugs in the market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Blockbuster Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Roche (Switzerland), Bristol-Myers Squibb(United States), Pfizer(United States), Eli Lilly and Company(United States), Merck & Co. (United States), Johnson & Johnson (United States), AstraZeneca (United Kingdom), Celgene (United States), Novartis (Switzerland) and Amgen (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Johnson & Johnson (United States) and Bristol Myers Squibb (United States).
Segmentation Overview
AMA Research has segmented the market of Global Blockbuster Drugs market by Type (Generic Drug and Brand Name Drug), Application (Oncology, Immunology, Autoimmune Diseases, Cardiovascular Diseases and Other) and Region.
On the basis of geography, the market of Blockbuster Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Blockbuster Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Blockbuster Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The structural trend of increasing pharmaceuticals spending in richer countries and the rising cost of clinical trials still push pharmaceutical groups to focus on the most profitable therapeutic areas cholesterol, oncology, central nervous system, etc
Market Growth Drivers:
Fastest growing pharma companies are generic and have growth is one of the key driving factors of growth of the market, Niche pharma companies are also adopting a similar approach and High investing in R&D and commercialization of high-value blockbuster drugs
Challenges:
Price fluctuations, expiry of patents
Restraints:
Stringent laws for the patent and Poor presence in growing Europe and Asia
Opportunities:
Increasing research and development (R&D) of new drug and Pharma companies are adopting aggressive marketing strategies to bank on early sales of newly launched products. This gives their product a larger lifetime before the expiry of patents
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Blockbuster Drugs Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.