Here are the top 10 best-selling drugs in the world in 2021.
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The Statista Health Market Outlook reports that revenue from the sale of oncology drugs (cancer treatment and care) reached US$176 billion in 2021. This is the highest amount compared to other types of drugs.
This revenue is projected to increase to US$196.7 billion in 2022 and reach US$282.9 billion in 2025. Statista also reports that oncology drugs are the largest segment of the global pharmaceutical market.
After oncology drugs, vaccines rank second with revenue of US$88.6 billion, followed by anti-diabetic drugs at US$55.7 billion and anti-rheumatic drugs at US$55.3 billion.
The high cost of cancer drugs results in high revenue. Newly released cancer drugs command even higher prices because pharmaceutical companies recoup high research and development costs.
Globally, the pharmaceutical market shows stable growth, driven by innovation and increasing demand for healthcare services, particularly in developing countries.
(Read More: This is the Type of Cancer Most Frequently Suffered by Indonesian People)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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