Industry Analysis & Industry Trends
In 2016, revenue for the Pharmaceutical Manufacturing industry is expected to total $117.5 billion, up 3.9% from 2015. This represents annualized growth of 9.8% since 2011. The industry's profitability has also been increasing – from 10.3% of industry revenue in 2008 to 11.6% in 2016. There are about 1,513 industry enterprises in 2016, employing about 684,532 people with a payroll of about $9.7 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 - Starting a New Business Chapter
Substantial barriers to entry to the industry exist as globalized players continue their development in China. The top 20 globalized pharmaceutical companies have established manufacturing companies in China as either joint ventures or solely foreign-owned enterprises. Some of these companies, such as GSK, Roche, Novo Nordisk, AstraZeneca and Eli Lilly & Company, have also set up R&D centers in China. Further, some domestic companies, particularly the major players within this industry, also have significant market strengths on a local basis.
China is a major manufacturing center for generic drugs. With numerous pharmaceuticals having long patent times, almost all of which are from foreign companies, this is a major barrier for new firms to enter the industry.
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