The market is dominated by domestic suppliers, as imports account for 49.5% of total market size in 2022. Households drive market demand, with household spending representing 76.1% of total demand in 2022. The US has the largest market size for pharmaceuticals across the top 20 developed countries, with demand reaching USD797 billion in 2022. Pfizer Inc is the largest company in the US, generating 10.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 35.4% of total production value in 2022. The total number of companies increases in 2022, to 6,289 units. The costs of the industry increase by 4.7% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 61.4% of production value in 2022, the highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 19.6% of total production output. With production value of USD300 billion, the US accounts for 96.1% of the North America total in 2022.
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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
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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