Driven by the increased longevity of populations, strong economies and innovative new products, the pharmaceutical industry has been performing
robustly for quite some time now and last year was no exception too. In 2006, the market in North America, which accounts for 45% of global pharmaceutical turnover, grew 8.3% to $290.1 billion, up from 5.4% the previous year. While the five major European markets - France, Germany, Italy, Spain and UK grew by 4.4% to reach $123.2 billion, sales in Latin America grew by 12.7% to $33.6 billion. Asia Pacific (excluding Japan) and Africa too grew at a steady pace of 10.5% to reach $66 billion. However, a price cut by the government forced the Japanese market to witness a marginal decline of 0.4% in its revenue from the previous year to $64 billion. Pharmaceutical sales in China also grew by 12.3% to $13.4 billion in 2006, but that surely was a steep decline, when compared with the 20.5% growth pace in the prior year (IMS Health).
robustly for quite some time now and last year was no exception too. In 2006, the market in North America, which accounts for 45% of global pharmaceutical turnover, grew 8.3% to $290.1 billion, up from 5.4% the previous year. While the five major European markets - France, Germany, Italy, Spain and UK grew by 4.4% to reach $123.2 billion, sales in Latin America grew by 12.7% to $33.6 billion. Asia Pacific (excluding Japan) and Africa too grew at a steady pace of 10.5% to reach $66 billion. However, a price cut by the government forced the Japanese market to witness a marginal decline of 0.4% in its revenue from the previous year to $64 billion. Pharmaceutical sales in China also grew by 12.3% to $13.4 billion in 2006, but that surely was a steep decline, when compared with the 20.5% growth pace in the prior year (IMS Health).For Complete IIPM Article, Click here
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India
