Pharma-Biotech Webinar in Review: North America, Europe Are Hotspots, but India Stepping Up Game
In the July 11 webinar regarding spending in the global Pharmaceutical-Biotech Industry, Annette Kreuger, Industrial Info's vice president of Pharma-Bio Industry research, and Shaheen Chohan, vice president of Global Analytics, discussed how spending in this dynamic industry is shaping up around the world. The latest reports claim expenses for drugs will amount to $1.5 trillion in 2021. The global population is increasing and aging, and as people age, they need more drugs. In addition, the growing middle class in developing countries is giving more and more people access to medications, making the Pharma-Bio sector a competitive, rapidly changing industry. Industrial Info is tracking more than 950 Pharmaceutical-Biotech projects across the world that are currently under construction and valued at a combined $59 billion.
