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how big is the pharmaceutical market?

As per https://www.statista.com/  Pharmaceutical market is about 1.42 trillion U.S. dollars The global pharmaceutical market has experienced significant growth in recent years. As of end-2021, the total global pharmaceutical market was valued at about 1.42 trillion U.S. dollars. With an average spend of 1,229 U.S. dollars per person, the United States had the highest pharmaceutical spending per capita worldwide in 2019. Globally, the United States has emerged as the leading market for pharmaceuticals, followed by the group of emerging markets. Emerging markets can include middle and low-income countries such as Brazil, India, Russia, Colombia and Egypt, to name a few.

How can I promote my pharmaceutical products online?

 

 Pharmaceutical products are mostly prescription products. Means these can be purchased only against prescription of medical practitioner. So, your online promotion should be concentrated toward medical practitioners.

You can promote your pharmaceutical products online through different ways like;

Search engine optimization: 

Activities to take your pharmaceutical products at search engines first page or rank so whenever any person search for that molecule, you product will show to them.

Search engine marketing: 

Running paid advertisement at search engines so if any person search for that molecule, your products advertisement will show to them

Keep a blog: 

Create a blog related to health-related questions and provide knowledge related to any particular molecule, disease or treatment etc. This will help to promote your products through this blog.

Create videos: 

Online videos will make up more than 82% of all consumer internet traffic. Persons love to watch videos. You can create awareness through health-related videos and stand out in market.

Social Media Marketing: 

Billions of people around the world use social media. You can leverage that audience with the help of social media marketing.

E-mail Marketing: 

E-mail marketing is one of the oldest forms of online marketing but still very effective. You can stay connected with your customers and send promotional and educational mail timely to your audience.

Influencer Marketing: 

Influencers generally have a large audience, which means it is an excellent idea to associate your company with one of these pharma internet influencers.

Online Educational Events: 

Online continuing medical educational events, seminars and conferences etc are great way to connect medical community and build your branding.

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