Industry Analysis & Industry Trends
The Pharmaceutical Product Manufacturing industry is an important component of the pharmaceutical sector. The major global pharmaceutical groups dominate the local industry, although only a small number are engaged in secondary or actives manufacturing (i.e. active pharmaceutical ingredients). An increasing number are involved in the later stages of the manufacturing process, such as dispensing, packaging and the fill-and-finish stage. A large number of players also restrict their activities in Australia to distribution.
Industry revenue is expected to grow by a meagre 0.8% over 2013-14, as various internal and external factors take their toll. IBISWorld forecasts that the industry will generate revenue of $9.9 billion in 2013-14, up from $9.0 billion in 2008-09... purchase to read more
Industry Report - Industry Products Chapter
Industry operators produce pharmaceutical products for human use. These can be split into two main product segments: prescription pharmaceuticals (patented and generic) and over-the-counter (OTC) pharmaceuticals.
Prescription pharmaceuticals are by far the largest product segment and include products that can only be obtained with a medical practitioner's prescription or in hospitals. The segment includes branded products, which are the first commercially available brands and usually subject to patent, and generic products, which are chemically equivalent to a branded, out-of-patent product and may be sold under a trade name or chemical name... purchase to read more