Spoonful of sugar: Revenue will grow thanks to steady research and development funding

The Generic Pharmaceutical Manufacturing industry in Illinois performed strongly over the past five years. The expiration of many blockbuster patent protections and continued investment in research and development from both public and private institutions resulted in healthy industry revenue growth. Moreover, this growth is expected to continue over the next five years. While the rapidly aging population, increasing prevalence of chronic illness and growing pressure from insurance companies to cut healthcare costs will benefit the industry, intensifying external and internal competition will pose a challenge for operators...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
3.5%
Forecast Growth 17-22
Profit
Employment
5,890
Businesses
38
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Industry Threats & Opportunities

  • Nationwide demographic shifts are fueling demand for industry products
  • Many new entrants are increasingly focused on producing generic biologic drugs
  • Consumer preference for generic drugs will continue to increase over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Generic Pharmaceutical Manufacturing industry in Illinois exhibits a low level of concentration, with the top three companies accounting for less than a third of industry revenue in 2017. Having a large operation as a generic manufacturer does not offer the same advantages as it does for brand name producers. Generic drug manufacturers can be smaller because the cost of research and development is significantly lower than it is for brand name companies; however, operators can still benefit from economies of scale through savings on administrative and capital costs. Moreover, a company's presence in both generic and brand drug markets can buffer company revenue against volatility in price or demand for any one specific drug...purchase to read more.

    Additional Insights for the Generic Pharmaceutical Manufacturing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Generic Pharmaceutical Manufacturing in Illinois Industry are

  • Control of distribution arrangements
  • Degree of globalization
  • Undertaking generic pharmaceutical and medicine research and development
  • IBISWorld analysts also discuss how external factors such as Regulation for the Generic Pharmaceutical Manufacturing industry and Federal funding for Medicare and Medicaid in the Generic Pharmaceutical Manufacturing in Illinois industry impact industry performance..

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    What is the Generic Pharmaceutical Manufacturing in Illinois Industry?

    Generic pharmaceutical and medicine manufacturers develop prescription and over-the-counter drug products that are used to prevent or treat illnesses in humans or animals. Generic drugs are produced and distributed without patent protection, and industry operators are not significantly engaged in the research and development of new drugs. The industry does not include manufacturers of nutritional supplements or cosmetic beauty products.

    Industry Products
  • Nervous system and antihypertensives
  • Mental health and lipid regulators
  • Pain and antibacterials
  • Antidiabetics and respiratory
  • Antiulcerants and thyroid
  • Industry Activities
  • Developing and producing generic drugs
  • Marketing and distributing generic drugs
  • Gaining regulatory approval for generic drugs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Regulation for the Generic Pharmaceutical Manufacturing industry
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance in Illinois
  • Research and development expenditure

  • Current Performance
  • Brand name and generic
  • New opportunities
  • Supportive state environment
  • Chart: Revenue Growth

  • Industry Outlook
  • Research and development
  • The regulatory environment
  • Industry landscape
  • Table: Generic Pharmaceutical Manufacturing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Generic Pharmaceutical Manufacturing in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Drug, Cosmetic & Toiletry Wholesaling
  • Supermarkets & Grocery Stores
  • Pharmacies & Drug Stores
  • Hospitals

  • Key Selling Industries
  • Biotechnology
  • Chemical Product Manufacturing
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Navigational Instrument Manufacturing
  • Soap & Cleaning Compound Manufacturing

  • Products & Services
  • Other
  • Nervous system and antihypertensives
  • Mental health and lipid regulators
  • Pain and antibacterials
  • Antidiabetics and respiratory
  • Antiulcerants and thyroid
  • Chart: Generic Pharmaceutical Manufacturing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Chain/mass merchandisers
  • Mail service pharmacies
  • Clinics
  • Independent pharmacies
  • Hospitals
  • Food stores
  • Long-term care providers
  • Other
  • Chart: Major Market Segmentation for the Generic Pharmaceutical Manufacturing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and Utilities
  • Chart: Cost Structure Benchmarking – Sector vs Generic Pharmaceutical Manufacturing in Illinois

  • Basis of Competition
  • External competition
  • Methods of competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Generic Pharmaceutical Manufacturing in Illinois Industry

  • Abbott LaboratoriesBaxter InternationalCSL BehringTakeda Pharmaceuticals North America Inc.Vetter Pharma
  • Table: Abbott Laboratories - financial performance
  • Table: Baxter International - financial performance
  • Table: CSL Behring - financial performance
  • Table: Takeda Pharmaceuticals North America Inc. - financial performance
  • Table: Vetter Pharma - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Generic Pharmaceutical Manufacturing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Generic Pharmaceutical Manufacturing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total health expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Abbreviated New Drug Application (Anda)
  • An application for the approval of a generic drug where manufacturers must scientifically prove that their products are bioequivalent to the brand products.
  • Authorized Generic
  • A prescription drug produced by brand pharmaceutical companies and marketed under a private label at a generic product price.
  • Biopharmaceuticals
  • A large protein molecule derived from living sources, as opposed to a chemical substance. Examples include insulin, human growth hormones and antibiotics.
  • Biosimilar
  • Versions of innovator biopharmaceutical products that follow patent and exclusivity expirations on innovator products.
  • Doughnut Hole
  • The Medicare Part D coverage gap; the difference of the initial coverage limit and the catastrophic coverage threshold.
  • Evergreening
  • The process whereby pharmaceutical companies slightly tweak the formulation of their high-profile products to avoid patent expiration.
  • New Drug Application (Nda)
  • An application filed for the approval of a new drug product. Once approved, the product may be marketed in the United States.
  • Patent Cliff
  • A phenomenon wherein revenue for brand name pharmaceuticals drop as the patents for high-profile drugs expire.
  • Why buy this report?

    IBISWorld’s Generic Pharmaceutical Manufacturing in Illinois Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Generic Pharmaceutical Manufacturing in Illinois industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Generic Pharmaceutical Manufacturing in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Generic Pharmaceutical Manufacturing in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Generic Pharmaceutical Manufacturing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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