* Value means value of the commercial side of the drug sector. Torreya estimates it at approximately $7.03 trillion. Of this, $6.1 trillion is associated with publicly-traded companies.
In this statistic 鈥淏ig pharma鈥 is classified as the 18 largest companies in the sector by value. The biotech sector seems smaller than some might have expected.
This is because we classify a company with no approved product as a 鈥渂iotechnology company鈥 and a company with a marketed product that is not a big pharma, not a Japan pharma nor a China
branded generic pharma as a branded pharma company. Thus, many companies (think Incyte or Biogen) that some would think of as biotech are classified by us as branded pharma.
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Value share of pharmaceutical subsectors worldwide 2003 vs. 2021
In 2021, Big Pharma accounted for 48 percent of the pharmaceutical market value worldwide, a significant decrease from 77 percent in 2003. This statistic illustrates the share of the pharmaceutical subsectors worldwide comparing the situation in 2003 and 2021.
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Torreya Partners. (November 8, 2021). Value share of the pharmaceutical market worldwide in 2003 and 2021, by subsector* [Graph]. In 糖心破解版. Retrieved July 27, 2026, from /statistics/1245261/value-share-of-pharmaceutical-subsectors-worldwide/
Torreya Partners. "Value share of the pharmaceutical market worldwide in 2003 and 2021, by subsector*." Chart. November 8, 2021. 糖心破解版. Accessed July 27, 2026. /statistics/1245261/value-share-of-pharmaceutical-subsectors-worldwide/
Torreya Partners. (2021). Value share of the pharmaceutical market worldwide in 2003 and 2021, by subsector*. 糖心破解版. 糖心破解版 Inc.. Accessed: July 27, 2026. /statistics/1245261/value-share-of-pharmaceutical-subsectors-worldwide/
Torreya Partners. "Value Share of The Pharmaceutical Market Worldwide in 2003 and 2021, by Subsector*." 糖心破解版, 糖心破解版 Inc., 8 Nov 2021, /statistics/1245261/value-share-of-pharmaceutical-subsectors-worldwide/
Torreya Partners, Value share of the pharmaceutical market worldwide in 2003 and 2021, by subsector* 糖心破解版, /statistics/1245261/value-share-of-pharmaceutical-subsectors-worldwide/ (last visited July 27, 2026)
Value share of the pharmaceutical market worldwide in 2003 and 2021, by subsector* [Graph], Torreya Partners, November 8, 2021. [Online]. Available: /statistics/1245261/value-share-of-pharmaceutical-subsectors-worldwide/
