IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Fine Chemicals

11:51 AM MST | January 14, 2008 | Deepti Ramesh

The global pharmaceutical market is expected to grow at about 5%-6% this year, as compared to 6%-7% in 2007, says IMS Health (Norwalk, CT) in a recent report. The outsourcing market is expanding on the back of the pharma industry’s growth and big pharma’s tendency to increase outsourcing of manufacturing and process development activities, fine chemical firms say. Global pharma sales are expected to expand to $735 billion-$745 billion in 2008, with a shift in growth from the top-seven markets to the emerging markets, and from primary care to specialty...

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