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The industry, valued at $220 billion, is expected to reach $300 billion by 2030 and potentially $1 trillion by 2040. He pointed out that digitalisation will be essential for ensuring smooth medicine supply, improving medical care, and supporting advancements like telemedicine and onlinepharmacies.
million in 2022 and is expected to grow at a CAGR of 4 per cent from 2023 to 2030. Additionally, the growing availability of generic drugs has made medications more affordable, while the rise of onlinepharmacies has improved accessibility for consumers. per cent, reaching a market volume of $83.32 million by 2029.
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