The mid-size pharmaceutical market size is projected to reach US$ 1,224.039 billion by 2031 from US$ 732.02 billion in 2023. The market is expected to register a CAGR of 8.9% during 2023–2031. Greater focus on R&D will likely remain a key trend in the market. 

The growth of the market is defined by key driving factors such as the rising geriatric population across the globe along with the increased prevalence of chronic disorders. Moreover, increased urbanization has increased government expenditures on the healthcare sector. Furthermore, the rising number of healthcare start-ups will likely offer opportunities to the mid-size pharmaceutical market in the coming years.

Source: - The Insight Partner