Pharmaceutical Industry Analysis Free Essay, Term Paper and Book Report
Pharmaceutical Industry Analysis
The pharmaceutical industry consists of organizations that are involved in producing, manufacturing and processing medical elements into ready for use pharmaceuticals, which are used for humans and animals. The sub sector of the pharmaceutical industry is made up of brand name drugs, generic and over-the-counter products. The pharmaceutical industry is considered to be one of the worlds most profitable and fastest growing sectors of the global economy. In fact, the pharmaceutical industry ranks as number one in the world in terms of return on assets, return on revenues and number three in terms of return on equity among Fortune 500 companies ( industry analysis section, para. 2). In 2005 global pharmaceutical sales grew 7% at constant exchange rates( ex-manufacturer prices) to $565 billion- slightly slower than 8% growth delivered in 2004, when sales reached $ 518 billion ( audited markets only; audited and unaudited markets combined has sales of $ 602 billion in 2005), according to data from IMS Health ( Diller, 2006). The market res......
Word Count: 1803
Page Count: 7.2 (250 words a page / double spaced)
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