The market is dominated by foreign suppliers, as imports account for 69.3% of total market size in 2022. Households drive market demand, with household spending representing 45.7% of total demand in 2022. Australia has the 12th largest market size for pharmaceuticals across the top 20 developed countries, with demand reaching USD28.9 billion in 2022. Johnson & Johnson Pacific Pty Ltd is the largest company in Australia, generating 17.2% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 73.5% of total production value in 2022. The total number of companies increases in 2022, to 656 units. The costs of the industry increase by 0.1% in 2022, largely driven by rising labour costs. The industry’s profitability increases and stands at 20.8% of production value in 2022, the fifth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 25.5% of total production output. With production value of USD9.2 billion, Australia accounts for 92.0% of the Australasia total in 2022.
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This Euromonitor industrial report provides unique information on Pharmaceuticals in Australia: 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 Australia: ISIC 2423 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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