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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%.
Melanesia is a subregion of Oceania in the southwestern Pacific Ocean. It extends from New Guinea in the west to Tonga in the east, and includes the Arafura Sea and a few thousand islands. The region includes the four independent countries of Fiji, Vanuatu, the Solomon Islands, and Papua New Guinea. It also includes the French colonial collectivity of New Caledonia and parts of Indonesia – notably the provinces of Papua and West Papua. Almost all of the region is in the Southern Hemisphere; only a few small islands that aren't politically considered part of Oceania—specifically the north western islands of Western New Guinea—lie in the Northern Hemisphere. Countries in Melanesia - Fiji, Vanuatu, the Solomon Islands, Papua New Guinea, New Caledonia.