Pharmaceuticals and Medical Equipment Global Industry Overview

Strategy Briefing

About This Report

Mar 2019

Growth of the global pharmaceuticals and medical equipment industry accelerated in 2018 on the back of strong performance of companies within Asia Pacific and Western Europe. Lucrative Asian markets, surging biologics production, and investment into innovative manufacturing are expected to ensure the category’s positive performance going forward. However, a deteriorating trade environment, and rising pricing pressures cloud the industry’s growth prospects.

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Pharmaceuticals and Medical Equipment Global Industry Overview

Key Findings

Industry 4.0 transforms manufacturing

Industry 4.0 is gradually entering the world of pharmaceutical production and is expected to steadily transform the way the industry operates. Companies already embrace Industry 4.0 solutions, including intelligent factories, highly integrated, flexible IT and manufacturing systems.

Production of biologics to drive future growth

Ageing societies are expected to ensure continuous consumption of high-value-added drugs, especially in areas such as oncology and diabetes. Thus, biologics is set to be among the fastest growing pharmaceutical categories.

Biosimilars gain ground

Production of biosimilars is expected to be spurred by the loss of patent protection for bestselling biologics, government support programmes, and strong Asian biosimilar companies entering the competitive landscape.

Rising importance of drug-device combination products

Rising demand for biologics and increasing need for patient- friendly solutions are anticipated to drive the strong growth of drug-device combination products.

Pricing pressures are to persist

Rising government pressure to curb healthcare costs will continue to manifest in regulatory pricing pressures for the pharmaceuticals industry.

Introduction

Scope
Five trends shaping the pharmaceuticals and medical equipment industry

Global Outlook

Industry’s growth accelerates in 2018
Drugs and devices perform steadily comp a red to other industries
Pharmaceuticals and medical equipment: regional size and growth
Asia Pacific to lead global pharmaceuticals production
Developed countries lead medical equipment production
Growth prospects in key regions
China the key growth driver, while the US remains strong

Trade Structure

Trade to be driven by North America and Western Europe
Western Europe leads exports growth
Export opportunities lie in innovative drug trade
Strong markets drive import growth
US: the primary import recipient

Leading Companies

Major companies struggle to maintain production share
Patent losses remain a major concern
Large corporations are gradually losing their positions

Top Five Trends Shaping the Industry

Five trends shaping the drug and medical device industry
Industry 4.0 set to transform manufacturing
The production of biologics to drive future growth
Biosimilar production gathers pace
Rising importance of drug-device combination products
Pricing pressures are set to persist

Industry Snapshots

Pharmaceuticals and medical equipment by category
Global snapshot of pharmaceuticals and medical equipment
Global snapshot of pharmaceuticals
Global snapshot of medical e quipment
Regional snapshot: Asia Pacific
Regional snapshot: Western Europe
Regional snapshot: North America
Regional snapshot: Latin America
Regional snapshot: Middle East and Africa
Regional snapshot: Eastern Europe
Regional snapshot: Australasia

Appendix: Competitor Analytics

Competitor Analytics tool
Overview
Competitors
Market overlap
Treemap
Overlap matrices

Appendix: Industry Forecast Model

About Euromonitor International’s Industry Forecast Model
Soft drivers and the Industry Forecast Model
Growth decomposition explained
Significance and applications for growth decomposition
Key applications for Industry Forecast Models