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It is driven by growing demand for personalized healthcare and physician burnout.
According to ResearchAndMarkets.com, the specialty pharmaceuticals market is growing rapidly and is expected to grow from US$1.838 billion in 2023 to US$2.043 billion in 2024, at a compound annual growth rate (CAGR) of 11.2%.
Key factors driving this growth include growing demand for personalized healthcare, physician burnout, high healthcare costs, and changing consumer preferences.
The market is expected to continue to expand, reaching $31.39b by 2028, growing at a CAGR of 11.3%.
Growth drivers also include urbanization, changing lifestyles, healthcare disparities and increasing health awareness among millennials. Trends such as virtual concierge services, collaborative care networks, and the use of artificial intelligence and predictive analytics are expected to shape the market.
Additionally, rising healthcare spending is also driving this growth.
Leading companies are also enhancing patient access through services such as online medical directories to support immediate and personalized care.
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