The market is dominated by domestic suppliers, as imports account for 49.5% of total market size in 2023. Households drive market demand, with household spending representing 73.2% of total demand in 2023. The US has the largest market size for pharmaceuticals across the top 20 developed countries, with demand reaching USD829 billion in 2023. Pfizer Inc is the largest company in the US, generating 10.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 35.4% of total production value in 2023. The total number of companies increases in 2023, to 7,146 units. The costs of the industry increase by 2.4% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 63.4% of production value in 2023, the highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 22.6% of total production output. With production value of USD331 billion, the US accounts for 96.5% of the North America total in 2023.
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Overview:
This Euromonitor industrial report provides unique information on Pharmaceuticals in the US: ISIC 2423. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pharmaceuticals in the US: ISIC 2423 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Pharmaceuticals and Medical Equipment in USA report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Pharmaceuticals and Medical Equipment?
- How the Pharmaceuticals and Medical Equipment will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Pharmaceuticals in the US: ISIC 2423
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MARKET OVERVIEW
Pharmaceuticals and Medical Equipment
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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