Prescription for success: As both private and public investment grows, industry demand will increase

Over the five years to 2018, the Generic Pharmaceutical Manufacturing industry in Ohio is projected to grow at an annualized rate of 2.1% to $1.1 billion, including an expected growth of 2.2% in 2018. Increasing access to health insurance, rising total health expenditure and efforts to control prescription medication costs benefited generic pharmaceutical manufacturers in the state. As an increasing number of regional, national and global pharmaceutical companies operate facilities in the state, industry operators are poised to benefit. Furthermore, rising investment in the state’s bioscience sector and increased funding from nationally accredited institutions including the National Institutes for Health (NIH) has benefited pharmaceutical manufacturers already present in the state...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
2.1%
Forecast Growth 18-23
Profit
Employment
1,194
Businesses
27

Industry Threats & Opportunities

  • As private and public investment continues to grow in the state, generic pharmaceutical operators are poised to benefit
  • Industry Report - Industry Key Buyers Chapter

    •The Generic Pharmaceutical Manufacturing industry in Ohio is characterized by a low level of market concentration.•In Ohio, the majority of generic pharmaceutical manufacturers operating in the state typically maintain less than 5 industry-relevant manufacturing facilities.•Market concentration is projected to increase slowly over the next five years, as the state continues to attract new projects. According to BioOhio, from 2015 to 2017, 143 projects were announced by bioscience-related companies...purchase to read more.

    Additional Insights for the Generic Pharmaceutical Manufacturing in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Generic Pharmaceutical Manufacturing in Ohio 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 Federal funding for Medicare and Medicaid and Manufacturing GDP for Ohio in the Generic Pharmaceutical Manufacturing in Ohio industry impact industry performance..

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    What's in this report

    What is the Generic Pharmaceutical Manufacturing in Ohio 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
  • Mental health and nervous system prescriptions
  • Antihypertensives and lipid regulator prescriptions
  • Pain and antibacterial prescriptions
  • Antidiabetes prescriptions
  • Respiratory prescriptions
  • Dermatology prescriptions
  • Other prescriptions
  • Industry Activities
  • Developing and producing generic drugs
  • Marketing and distributing generic drugs
  • Gaining regulatory approval for generic drugs
  • Similar Industries
  • Brand Name Pharmaceutical Manufacturing
  • Cosmetic & Beauty Products Manufacturing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Pharmacies & Drug Stores
  • Scientific Research & Development
  • Biotechnology
  • Pharmaceutical Manufacturing in California
  • Vitamin & Supplement Manufacturing in California
  • Pharmaceutical Manufacturing in New York
  • Vitamin & Supplement Manufacturing in New York
  • Generic Pharmaceutical Manufacturing in Illinois
  • Brand Name Pharmaceutical Manufacturing in Massachusetts
  • Generic Pharmaceutical Manufacturing in Massachusetts
  • Brand Name Pharmaceutical Manufacturing in Ohio
  • Brand Name Pharmaceutical Manufacturing in Pennsylvania
  • Generic Pharmaceutical Manufacturing in Pennsylvania
  • Brand Name Pharmaceutical Manufacturing in New Jersey
  • Generic Pharmaceutical Manufacturing in New Jersey
  • Brand Name Pharmaceutical Manufacturing in Georgia
  • Generic Pharmaceutical Manufacturing in Georgia
  • Brand Name Pharmaceutical Manufacturing in Michigan
  • Generic Pharmaceutical Manufacturing in Michigan
  • Brand Name Pharmaceutical Manufacturing in Wisconsin
  • Generic Pharmaceutical Manufacturing in Wisconsin
  • Brand Name Pharmaceutical Manufacturing in Washington
  • Generic Pharmaceutical Manufacturing in Washington
  • Brand Name Pharmaceutical Manufacturing in North Carolina
  • Generic Pharmaceutical Manufacturing in North Carolina
  • Brand Name Pharmaceutical Manufacturing in Maryland
  • Brand Name Pharmaceutical Manufacturing in Colorado
  • Generic Pharmaceutical Manufacturing in Colorado
  • Brand Name Pharmaceutical Manufacturing in Virginia
  • 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 Generic Pharmaceutical Manufacturing industry

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Generic 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 prescriptions
  • Antihypertensives and lipid regulator prescriptions
  • Mental health and nervous system prescriptions
  • Pain and antibacterial prescriptions
  • Antidiabetes prescriptions
  • Respiratory prescriptions
  • Dermatology prescriptions
  • Chart: Generic Pharmaceutical Manufacturing in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Chain stores
  • Nonretail channels
  • Mail service
  • Independent stores
  • Food stores
  • Chart: Major Market Segmentation for the Generic 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 Generic Pharmaceutical Manufacturing in Ohio

  • Basis of Competition
    Barriers to Entry
    Teva Pharmaceutical Industries Ltd., Adare Pharmaceuticals Inc., Nostrum Laboratories Inc., West-Ward Pharmaceuticals,
  • Table: Teva Pharmaceutical Industries Ltd. - financial performance
  • Table: Adare Pharmaceuticals Inc. - financial performance
  • Table: Nostrum Laboratories Inc. - financial performance
  • Table: West-Ward Pharmaceuticals - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Generic 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 Generic 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
    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.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Generic 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
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    This report on Generic 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 Generic 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 Generic 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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