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 actives manufacturing (i.e. active pharmaceutical ingredients). An increasing number of firms are limiting their Australian involvement to 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 Australian activities to distribution.
As with the global pharmaceutical industry, the local industry is currently contending with the fallout effects associated with the patent cliff... purchase to read more
Industry Report - Starting a New Business Chapter
Substantial barriers to entry to the industry do exist, not least of which is the fact that the industry is becoming increasingly globalised, with major players operating on a large global scale. In Australia, eight of the top 10 companies are subsidiaries of established multinational operators with significant market strengths on both a global and local basis.
The high and rising costs of R&D, combined with declining R&D productivity pose another substantial obstacle. In Australia, the pharmaceutical industry is the second most innovative manufacturing industry. High levels of capital expenditure are also required at the onset to establish a manufacturing plant geared to producing high-cost, high-technology drugs.
Government policies can be significant barriers to entry... purchase to read more