Analysis Of Financial Performance Of Selected Pharmaceutical Companies Of India
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Analysis of Financial Performance of Selected Pharmaceutical Companies of India
Author | : P. Rohitkumar |
Publisher | : Infotech Publishers |
Total Pages | : 0 |
Release | : 2023-02-04 |
Genre | : Business & Economics |
ISBN | : 9784158373520 |
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GLOBAL PHARMACEUTICAL INDUSTRY The global pharmaceutical industry is worth US$ 300 billion a year, a figure projected to grow within three years to US$ 400 billion. The 10 biggest drug firms control more than one-third of this market, many with annual revenue of \ more than US$ 10 billion and profit margins of about 30%. Six are based in the \sUSA and four are based in Europe. North and South America, Europe, and Japan are expected to continue to account for a complete 85% of the global pharmaceutical market well into the 21st century. At present, businesses spend one-third of their sales income on selling their goods - nearly double what they spend on research and growth.
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