The
US Pharmaceutical Industry is one of the mainstays of the Economy of America. It has been observed that the US Pharmaceutical Industry is growing at a rapid pace and is showing no signs of slowing down. The US Pharmaceutical Industry Growth is also considered as a very significant part in the world pharmaceutical industry as well.
Amount of US Pharmaceutical Industry Growth and its Reasons
- As statistics suggest, the US Pharmaceutical Industry has exceeded an amount of $380 billion and is enjoying a major share in the world market at the same time.
- Experts believe that the reason behind this unabated growth is mainly the change of perspective on the company's part towards its customers. Initially, the pharmaceutical companies inclined to look at the customers from a physician's point of view.
- The increasing health consciousness among the customers is also increasing the customer base for the US Pharmaceutical Companies.
- The US Pharmaceutical Industry at the moment does not only consist of physicians and patients but also the government, insurance companies and other groups of buyers.
- The Job Opportunities in this industry for doing different medical researches and drug developments are also proving to be a big factor. One can find thousands of small and big industries in this field.
- The financial and technological stability of the US Pharmaceutical Companies are also playing an influential role in taking the industry ahead.
There are many world famous pharmaceutical companies in the US Pharmaceutical Industry. Some of these companies are:
- Dupont Pharmaceuticals
- Eli Lilly and Companies
- Abbott Laboratories
- Johnson & Johnson
- Parke-Davis
- Pharmacia & Upjohn
- Searle
- Hoechst Marion Roussel
According to some experts, media has played a major role in the growth of the US Pharmaceutical Industries. The way media has aroused health consciousness among the people, is seen as a major influence by the experts. The experts also believe that, the way these companies are developing their research equipments, the companies will soon be able to produce medicines for various killer diseases.