Remedy for everything: Ohio's increasing presence in the bioscience sector will benefit the industry

Over the five years to 2018, revenue for the Brand Name Pharmaceutical Manufacturing industry in Ohio is forecast to rise. During the five-year period, primary factors driving industry growth include an increase in the number of leading global pharmaceutical companies leasing or operating facilities in the state and rising private investment, including funding from nationally accredited institutes such as the National Institutes of Health. Furthermore, the state's thriving biotechnology community supported the industry's research and development efforts. Over the five years to 2023, revenue growth is expected to be fueled by an influx of new entrants to the state's bioscience community...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
2.2%
Forecast Growth 18-23
Profit
Employment
2,897
Businesses
59

Industry Threats & Opportunities

  • The industry is expected to grow as capital investment and funding continue to stream into Ohio
  • Additional Insights for the Brand Name Pharmaceutical Manufacturing in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Brand Name Pharmaceutical Manufacturing in Ohio Industry are

  • Establishment of brand names
  • Undertaking pharmaceutical and medicine R&D
  • Degree of globalization in the company
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Manufacturing GDP for Ohio in the Brand Name Pharmaceutical Manufacturing in Ohio industry impact industry performance..

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    What's in this report

    What is the Brand Name Pharmaceutical Manufacturing in Ohio Industry?

    Pharmaceutical manufacturers develop prescription and over-the-counter products that are used to prevent or treat illnesses in humans or animals. Brand name drugs and medication have patent protection. This industry does not include nutritional supplement or cosmetic product manufacturers.

    Industry Products
  • Antihypertensive and lipid regulators prescriptions
  • Mental health and nervous system prescriptions
  • Respiratory prescriptions
  • Pain and antibacterial prescriptions
  • Antidiabetic prescriptions
  • Respiratory prescriptions
  • Industry Activities
  • Pharmaceutical research and development
  • Manufacturing active ingredients used in pharmaceuticals
  • Manufacturing chemical pharmaceutical preparations
  • Manufacturing biological pharmaceutical products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Manufacturing GDP for Ohio
  • Number of adults aged 65 and older in Ohio
  • Regulation for the Brand Name Pharmaceutical Manufacturing industry

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Brand Name Pharmaceutical Manufacturing in Ohio 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
  • Antihypertensive and lipid regulators prescriptions
  • Mental health and nervous system prescriptions
  • Pain and antibacterial prescriptions
  • Antidiabetic prescriptions
  • Respiratory prescriptions
  • Respiratory prescriptions
  • Chart: Brand Name Pharmaceutical Manufacturing in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Chain stores
  • Mail services
  • Clinics
  • Independent retailers
  • Nonfederal hospitals
  • Food stores
  • Other
  • Chart: Major Market Segmentation for the Brand Name Pharmaceutical Manufacturing in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Brand Name Pharmaceutical Manufacturing in Ohio

  • Basis of Competition
    Barriers to Entry
    Nitto Denko Avecia Inc., Nostrum Laboratories Inc., Pfizer Inc., Xellia Pharmaceuticals,
  • Table: Nitto Denko Avecia Inc. - financial performance
  • Table: Nostrum Laboratories Inc. - financial performance
  • Table: Pfizer Inc. - financial performance
  • Table: Xellia Pharmaceuticals - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Brand Name Pharmaceutical Manufacturing in Ohio 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 Brand Name Pharmaceutical Manufacturing in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total health expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biologic
  • A drug made from large-molecule living matter, as opposed to small-molecule chemicals.
  • Biosimilar
  • A drug derived from living organisms and marketed after the patent expiration of similar therapies. Also known as flow-on biologics or biogenerics.
  • Blockbuster Drug
  • A drug that generates annual sales of more than $1.0 billion.
  • Orphan Drug
  • A pharmaceutical or medicine designed to treat certain rare diseases.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Over-The-Counter (Otc) Drugs
  • Medicines that may be sold directly to a consumer without a prescription from a healthcare professional.
  • Patent Cliff
  • The period when numerous patents on blockbuster drugs are set to expire.
  • Review
  • The basis of the FDA's decision to approve an application. It is a comprehensive analysis of clinical trial data and other information prepared by FDA drug application reviewers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Brand Name Pharmaceutical Manufacturing in Ohio provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Brand Name Pharmaceutical Manufacturing in Ohio:
    • 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 Brand Name Pharmaceutical Manufacturing in Ohio 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 Brand Name Pharmaceutical Manufacturing in Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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