Last Updated on January 30, 2023
There has been tremendous growth in the pharmaceutical industry in recent years, and the outlook continues to be positive for 2023. The industry is expected to exceed $1 trillion by the following year. This is partly due to thousands of compounds currently in the latter stages of clinical development, coupled with hundreds of new products with approvals anticipated in 2023 and beyond. This level of pharmaceutical products is not customary and has not occurred for about a decade. Let’s closely examine ten trends transforming the pharmaceutical industry in 2023.