The Evolution of the Pharmaceutical Industry Market Structure
The pharmaceutical industry has undergone a dramatic transformation over the past century. It has evolved from small-scale, local operations into a global powerhouse, deeply embedded in healthcare systems worldwide. Today, the industry plays a pivotal role in public health by providing life-saving medications, vaccines, and cutting-edge therapies. This article explores the evolution of the pharmaceutical industry’s market structure, the factors that have shaped it, and the challenges and opportunities it faces in the future.On February 13, 1946, in Yogyakarta an organization was formed called “Persatuan Ahli Pharmasi Indonesia” as a forum to gather all personnel who devote themselves in…