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As of 2023, the U.S. pharmaceutical industry is valued at approximately $1.3 trillion. It plays a crucial role in the global market, accounting for nearly 45% of the world's total pharmaceutical sales. The industry is characterized by significant investment in research and development, with expenditures exceeding $80 billion annually. Additionally, it encompasses a wide range of sectors, including prescription medications, over-the-counter products, and biotechnology.

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