Size of the pharmaceutical market by 2021
The pharmaceutical market has grown beyond expectations and isn’t slowing down anytime soon. In 2017, the pharma industry was worth $934.8 billion. By 2021, the market will reach a mind-boggling $1,170 billion, according to the Business Research Company. That’s a 508 percent increase.
In the first half of 2014, pharmaceutical mergers and acquisitions reached a staggering $317 billion, according to George Washington University. And this number is only growing larger. As more M&As are shaking up the industry to consolidate operations and expenditures, organizations will have to shift their hiring strategies. Partner with JSG to find the pharmaceutical and life sciences talent your organization needs to be competitive in this tight market.