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The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure them, vaccinate them, or alleviate symptoms. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy and marketing of drugs. The global pharmaceuticals market produced treatments worth $1,228. 45 billion in 2020 and showed a compound annual growth rate (CAGR) of 1. 8%.
Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Oceania, the Russian Far East, South Asia, and Southeast Asia. Countries in Asia Pacific are Niue, Nauru, Tuvalu, Cook Islands, Palau, Northern Mariana Islands, Marshall Islands, Tonga, Micronesia, Kiribati, Guam, Samoa, French Polynesia, New Caledonia, Vanuatu, Brunei, Maldives, Macau, Solomon Islands, Bhutan, Fiji, Timor Leste, Armenia, Mongolia, Georgia, New Zealand, Singapore, Turkmenistan, Kyrgyzstan, Laos, Hong Kong, Papua New Guinea, Tajikistan, Azerbaijan, Cambodia, Kazakhstan, Chile, Sri Lanka, North Korea, Australia, Nepal, Malaysia, Peru, Uzbekistan, Canada, Afghanistan, South Korea, Myanmar, Thailand, Turkey, Iran, Vietnam, Philippines, Japan, Mexico, Russia, Bangladesh, Pakistan, Indonesia, United States, India, China.