The market size presented here is an estimate of the dollars spent by the pharmaceutical industry on research and developement in 2009. This is a thorny and complex subject—what costs are included in R&D and how do pharmaceutical companies decide what to spend on developing new drug and to modify old ones. For anyone
interested in the subject beyond this quick snap shot, we recomment a report titled “Research and Development in
the Pharmaceutical Industry,” published in 2006 by the Congressional Budget Office, and available online here.
Geographic reference: World
Market size: $45.8 Billion
Source: “New Federal Research Center Will Help Develop Medicines,” The New York Times, Page 1, January 23, 2011
Original Source: Industry estimate