In 2017, due to growths in investment, manufacture and trade activities, and the advanced, emerging and developing economies recovered simultaneously, the global economic growth rate was 3.8%, which is a record high in recent years. The global pop-ulation was 7.55 billion in 2017. The average population age and unmet medical needs continued to increase, and the demands for breakthrough innovative drugs remained high. On the other hand, due to increasing medical burdens incurred by the elderly pop-ulation, the control of medical expenses becomes an important issue in government pol-icy making.
I. Definition and Scope of Pharmaceutical Industry
II. 2017 Global Pharmaceutical Industry Status
III. 2017 Taiwan Pharmaceutical Industry Status
IV. Major Market Observations
V. Forecasts of Global Pharmaceutical Industry
VI. Potential Directions for Taiwan Pharmaceutical Industry
Figure 1 2017 and 2022 Global Pharmaceutical Market Forecasts based on Economic Growth
Table 1 Subindustries and Main Products of Taiwan’s Pharmaceutical Industry