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Pharmaceutical Product Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pharmaceutical Product Manufacturing Market Research Report | ANZSIC C1841 | Nov 2016

Road to recovery: Modest revenue growth is expected due to ongoing reforms

IBISWorld’s Pharmaceutical Product Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
0.5%
Annual Growth 17-22
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Profit
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Employment
14,000
Businesses
331
Industry Analysis & Industry Trends

The Australian Pharmaceutical Product Manufacturing industry has contended with several challenges over the past five years. Echoing trends on the global pharmaceutical stage, these challenges have included a changing regulatory and risk environment, a patent cliff that has seen manufacturers lose exclusive manufacturing rights to some of the most profitable drugs in the industry's history, and reform-driven pricing pressures. On the local front, ongoing reforms to the Pharmaceutical Benefits Scheme (PBS) have been particularly significant, as mandatory price disclosures have continued to reduce prices. Increased regulatory burden and heightened competitive pressures have added to the challenges that local industry players are currently facing... purchase to read more

Industry Report - Industry Products Chapter

Industry operators produce pharmaceutical products for human use. These products include prescription pharmaceuticals (patented and generic) that may or may not be listed on the PBS, over-the-counter (OTC) medicines, and complementary medicines including vitamins and dietary supplements. Prescription pharmaceuticals include products that can only be obtained in hospitals or with a medical practitioner's prescription. These pharmaceuticals include branded products, which are the first commercially available version of the drug 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

 


Industry ProductsRelated ReportsTable of Contents

What is the Pharmaceutical Product Manufacturing Industry?

The industry comprises companies that manufacture medicinal and pharmaceutical products for human use from both synthetic (chemical) and natural sources. Other products include chemical or diagnostic testing agents, blood serums and biotech products. Industry activities include manufacturing active pharmaceutical ingredients and synthesising chemical ingredients, late-stage packaging and fill-finish activities.

Industry Products
Benefit-paid pharmaceuticalsAll other medicationsVitamins and dietary supplementsOTC medicinesOther complementary medicines
 
Industry Activities
Antibacterial, antibiotic and antitoxinVaccineVitamin productHerbal drugAmpoule, medicinal capsule, medicinal ointment and vialBiotechnological pharmaceutical and medicinal productsSerum and blood serumDiagnostic substance


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