Industry Analysis & Industry Trends
In 2014, revenue for the Pharmaceutical Manufacturing industry is expected to total $107.9 billion, up 12.5% from 2013. This represents an annualized growth rate of 15.7% since 2009. The industry's profitability has also been increasing – from 10.3% of industry revenue in 2008 to 10.9% in 2014. There are about 1,458 industry enterprises in 2014, employing about 641,163 people with a payroll of about $8.2 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 Locations Chapter
Activity in the Pharmaceutical Manufacturing industry in China is largely concentrated in Jiangsu (accounting for 20.6% of industry revenue), Shandong (10.0%), Guangdong (8.1%) and Beijing (6.3%). Each of these provinces has a strong economy, strong R&D investment and a convenient geographic location.
Jiangsu accounts for an estimated 12.0% of total employees and 10.8% of total industry establishments. The high concentration in this province is due to the historical development of the industry there, as well as it being close to large markets. The large size of many firms in this province allows them to benefit from economies of scale. The average revenue per company and revenue per employee is the highest compared with other provinces... purchase to read more