Healthy growth: Rising consumer demand and strong export performance supports growth

Operators in the Basic Pharmaceutical Product Manufacturing industry produce active substances that are used by downstream manufacturers to produce a range of pharmaceutical preparations. Industry demand is therefore dependent on consumer demand for pharmaceutical products, which in turn is influenced by a number of demographic factors. An ageing Irish population has caused consumer demand for pharmaceuticals to grow over the past five years, which has supported industry revenue growth. Over the five years through 2019, industry revenue is expected to rise at a compound annual rate of 3.5% to reach €9.6 billion. This includes projected growth of 4.2% in the current year...read more.

Industry Statistics & Market Size
Revenue
€9.6bn
Annual Growth 14-19
3.5%
Forecast Growth 19-24
Profit
Employment
3,060
Businesses
67
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Product development has been key to maintaining growth due to the competitive nature of the industry
  • The decline in the value of the euro has supported exports, which are vital to the industry
  • Restrictions to trade with the United Kingdom could increase industry purchase costs in the long term
  • Industry Report - Starting a New Business Chapter

    The Basic Pharmaceutical Product Manufacturing industry has moderate barriers to entry. Possibly the most significant barrier to entering the industry is the high level of globalisation and the well-established position of incumbents on a global level. Multinational pharmaceutical companies, many of which have industry-related operations in Ireland, hold a reputational and logistical advantage over smaller contract-based manufacturers. Nevertheless, market niches can be carved out by small players, though this largely occurs as a result of high levels of research and development expenditure, which can be a deterrent for small operators. Pat...purchase to read more.

    Additional Insights for the Basic Pharmaceutical Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Basic Pharmaceutical Product Manufacturing Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Effective cost controls
  • Having technology sharing arrangements with other major players
  • IBISWorld analysts also discuss how external factors such as Public healthcare expenditure and Population aged 65 years and over in the Basic Pharmaceutical Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Basic Pharmaceutical Product Manufacturing in Ireland Industry?

    Companies in the Basic Pharmaceutical Product Manufacturing industry manufacture medicinal active substances that are used for their pharmacological properties to make medications, including antibiotics, basic vitamins, salicylic acids and aspirin. The industry also includes companies that process blood and glands and manufacture chemically pure sugars.

    Industry Products
  • Active pharmaceutical ingredients
  • Human and animal blood processing
  • Other products
  • Industry Activities
  • Manufacturing medicinal active substances
  • Blood processing
  • Processing glands and extracts from glands
  • Manufacturing chemically pure sugars
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Public healthcare expenditure
  • Population aged 65 years and over
  • Demand from pharmaceutical preparations manufacturing
  • Real effective exchange rate

  • Current Performance
    Strong foundationsA global marketConstrained margins
  • Chart: Revenue Growth

  • Industry Outlook
    Trade disruptionsProduct development
  • Table: Basic Pharmaceutical Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Basic Pharmaceutical Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pharmaceutical Preparations Manufacturing in Ireland
  • Hospitals in Ireland

  • Key Selling Industries
  • Inorganic Basic Chemical Manufacturing in Ireland

  • Products & Services
  • Active pharmaceutical ingredients
  • Human and animal blood processing
  • Other products
  • Chart: Basic Pharmaceutical Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pharmaceutical preparations manufacturers
  • Hospitals
  • Other
  • Chart: Major Market Segmentation for the Basic Pharmaceutical Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation and Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Basic Pharmaceutical Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Basic Pharmaceutical Product Manufacturing Industry

  • Industry Globalization
    Pfizer Healthcare Ireland,
  • Table: Pfizer Healthcare Ireland - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Basic Pharmaceutical Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Basic Pharmaceutical Product Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Active Pharmaceutical Ingredient (Api)
  • The biologically active substance in a pharmaceutical drug.
  • Biopharmaceuticals
  • Pharmaceuticals derived from biological sources such as vaccines and stem cell therapies.
  • Generic Drug
  • A drug with the same active ingredients as the patented original, but which is produced and distributed without patent protection.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Basic Pharmaceutical Product Manufacturing in Ireland market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Basic Pharmaceutical Product Manufacturing in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Basic Pharmaceutical Product Manufacturing in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Basic Pharmaceutical Product Manufacturing in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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