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Global Pharmaceutical Survey 2012-2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Pharmaceutical Industry
Date:5/15/2012

, India and Brazil will enjoy leading growth rate in 2012, with China expected to continue its double digit growth similar to 2011, due to an increase in the Chinese Government's expenditure and individual consumer spending. With the rise in number of affluent Chinese population, diseases such as cancer, diabetes and cardiovascular ailments are on the rise, enhancing the demand for drug development targeted towards the domestic Chinese market.

 

Revenue expected to sustain growth levels

Optimism regarding revenue growth of global pharmaceutical manufacturers, CROs and CMOs remained stable in 2011 and decreased marginally in 2012. However, it is projected that revenue expectations in both emerging and recovering developed markets will sustain growth levels in 2012.

 

Reduction in drug costs

Following the global financial crisis in 2008–2009, and the subsequent European debt crisis in 2011, global pharmaceutical manufacturing companies have accelerated their focus to reduce the cost of drugs leading to a renewed evaluation of opportunities in the outsourcing of manufacturing activities. These incidents favor the growth of the pharmaceutical market in emerging economies and also present opportunities for CROs and CMOs.

 

Companies Mentioned

 

Sanofi Aventis, Gen-Probe Incorporated, Neumedicines, RxBio, Araim Pharmaceuticals of Ossining and Cellerant Therapeutics, Pfizer, Tibet Pharmaceuticals, Anhui Taihe Pharmaceutical Group, BioMarin Pharmaceutical, Abbott, Catalent Pharma Solutions, Vitamin Shoppe, OncoSec Medical, Quintiles, QPS, Neptune Technologies and Bioressources, Sartorius Stedim Biotech, Bosch Packaging Technology, Sanner, Bristol-Myers Squibb, Micromet, Amgen, OPKO Health USA, ALS Distribuidora Limitada, UCB Pharma, Astellas Pharma Inc, UCB Pharmaand Nodality, INC Research LLC, Trident Clinical Research, Accelrys, VelQuest, Indoco Remedies, DSM, Mylan Inc,
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