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 Investment Chapter
For every dollar spent on labor (including wages, management and administration costs, and R&D costs), about 25 cents are invested in capital. Capital intensity has risen steadily in recent years as firms invest in new manufacturing equipment, new technologies and uniform production standards. These investments are made in an attempt to increase competitiveness and improve product quality and sales.
Investments in good manufacturing practices have contributed to higher capital costs for the industry.
Labor is also a high input, especially for technicians and sales staff. However, their average wage levels are much lower compared with developed countries... purchase to read more