Industry Analysis & Industry Trends
In 2013, revenue for the Pharmaceutical Manufacturing industry is expected to total $94.4 billion, up 14.5% from 2012. This represents an annualized growth rate of 18.8% since 2008. The industry's profitability has also been increasing – from 10.3% of industry revenue in 2008 to 10.9% in 2013. There are about 1,417 industry enterprises in 2013, employing about 602,031 people with a payroll of about $5.8 billion.
Hospitals are currently the main distribution channel for medicines produced by this industry. However, upcoming healthcare reforms will enable drugstores to become the major distribution channel in the near future. In the past, many consumers could not afford to purchase medicine or see a doctor.... purchase to read more
Industry Report - Industry Products Chapter
Generic medicine is the largest product segment and is expected to account for about 60.0% of total industry revenue in 2013. This segment is characterized by low costs, but also relatively low profit (5.0% to 10.0% of revenue). Due to the large market demand, this segment's revenue is expected to increase strongly in future years. This is because many medicine patents are expiring, and domestic companies have the ability and capacity to manufacture this kind of medicine... purchase to read more