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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%.
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It can also be described as the northern subcontinent of a single continent, America. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Caribbean Sea, and to the west and south by the Pacific Ocean. Canada, Mexico, and the United States have significant and multifaceted economic systems. The North American economy is well defined and structured in three main economic areas. These areas are the North American Free Trade Agreement (NAFTA), Caribbean Community and Common Market (CARICOM), and the Central American Common Market (CACM). Of these trade blocs, the United States takes part in two. In addition to the larger trade blocs there is the Canada-Costa Rica Free Trade Agreement among numerous other free trade relations, often between the larger, more developed countries and Central American and Caribbean countries. Countries in North America - Greenland, Canada, United States, Mexico.