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The resurgence of COVID-19 cases and rising concerns over the highly transmissible omicron coronavirus variant is driving the demand for vaccines, booster shots, and other related solutions. An aging population is expected to be a key growth driver for the drug manufacturing industry. Increasing patient pool for many chronic diseases and continued innovations to treat critical conditions should keep driving the industry’s growth. According to a report by Research and Markets, the global pharmaceuticals market is expected to grow at a CAGR of 8% from 2021 to 2025. Therefore, both PFE and AZN should benefit.
PFE has gained 20.8% over the past year, while AZN has returned 0.8%. Also, PFE’s 39.6% gains year-to-date are significantly higher than AZN’s 10.3% returns. Moreover, PFE is the clear winner with 49.6% gains versus AZN’s 14.4% returns in terms of the past nine months’ performance.
