Industry Analysis & Industry Trends
Major global pharmaceutical groups dominate the Pharmaceutical Product Manufacturing industry, although only a few manufacture active pharmaceutical ingredients in Australia. Increasingly, firms have been limiting their local activities to the later stages of the manufacturing process, such as dispensing, packaging and fill-finish. Many global manufacturers have also been restricting their Australian activities to distribution.
Domestic industry players have had to contend with the effects of the patent cliff, which has been part of a global trend. Losing exclusive manufacturing rights to some of their most profitable drugs has driven industry participants to adopt new business models to survive... purchase to read more
Industry Report - Industry Locations Chapter
While industry locations are present in all states (but not territories), industry activity is concentrated in Sydney and Melbourne where the majority of multinational companies have chosen to locate to take advantage of the infrastructure provided and market size (as defined by socioeconomic and demographic variables). As at June 2015, Victoria and New South Wales accounted for 67.7% of all business enterprises, up from 66.5% as at June 2011. This suggests that this high degree of geographic concentration has intensified over the past five years. A similarly high degree of concentration is expected to hold in 2015-16... purchase to read more