Dosed up: Rising export revenue and the entry of smaller players supports industry growth

Pharmaceuticals are a core segment of Ireland's economy and national exports. Low corporate tax rates and generous research and development tax credits offered by the Irish state make the country a highly appealing location for multinational pharmaceutical manufacturers to base their European operations. Nine of the 10 largest pharmaceutical companies in the world have a presence in the country and Ireland is the largest exporter of pharmaceuticals in the European Union and the fifth largest globally. Volatility in the industry, caused by year-on-year fluctuations in output, means that overall growth figures for the period are skewed. Over the five-year period through 2018, industry revenue is expected to grow at a compound annual rate of 0.3% to reach €26.5 billion...read more.

Industry Statistics & Market Size
Revenue
£26.5bn
Annual Growth 13-18
0.3%
Forecast Growth 18-23
Profit
Employment
10,949
Businesses
114
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A general increase in health consciousness should drive progress in pharmaceutical production
  • Overpayment issues could result in the state taking stricter measures when purchasing pharmaceutical products
  • Drugs to combat increasing bacterial resistance are expected to be developed in the future
  • Industry Report - Industry Analysis Chapter

    With its favourable corporate tax rates, easy access to European markets and ready availability of skilled workers, Ireland has been a viable location for foreign direct investment from pharmaceutical giants over the past five years. Emerging technologies have also opened up niche segments for specialist start-ups, while the evolution of resistant bacteria and the resurgence of infections and other viruses have pushed up demand for vaccines. In addition, the combination of increasing life expectancy and an ageing population have boosted demand for some drugs, particularly those for degenerative diseases.However, the industry itself has been the victim of volatility over the past five years, with revenue fluctuating by double digits year to year. Thi...purchase to read more.

    Additional Insights for the Pharmaceutical Preparations Manufacturing Industry

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

  • Ability to alter goods and services produced in favour of market conditions
  • Effective cost controls
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Exchange rate - euros per US dollar and Population aged 65 years and over in the Pharmaceutical Preparations Manufacturing industry impact industry performance..

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    What's in this report

    What is the Pharmaceutical Preparations Manufacturing in Ireland Industry?

    This industry includes companies that manufacture medications, chemical contraceptive products, medical diagnostic preparations, radioactive in-vivo diagnostic substances, animal health products and biotech pharmaceuticals. It also includes those that manufacture medical impregnated wadding, gauze, bandages and dressings, and that prepare botanical products for pharmaceutical use.

    Industry Products
  • Therapeutic or prophylactic medication
  • Vaccines and antibiotics
  • Biopharmaceuticals
  • Industry Activities
  • Manufacturing antisera and other blood fractions, vaccines and diverse medications
  • Manufacturing chemical contraceptive products for external use and hormonal contraceptive medication
  • Manufacturing medical diagnostic preparations, including pregnancy tests
  • Manufacturing radioactive in-vivo diagnostic substances
  • Manufacturing biotech pharmaceuticals
  • Manufacturing medical impregnated wadding, gauze, bandages and dressings
  • Preparing botanical products for pharmaceutical use
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Exchange rate - euros per US dollar
  • Population aged 65 years and over
  • Public healthcare expenditure
  • MSCI World Index

  • Current Performance
    International chemistryPricing painsStructural changes
  • Chart: Revenue Growth

  • Industry Outlook
    Drug pipelinesBiosimilar productsMarginal outlook
  • Table: Pharmaceutical Preparations Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Pharmaceutical Wholesaling in Ireland
  • Dispensing Chemists in Ireland
  • Hospitals in Ireland

  • Key Selling Industries
  • Basic Pharmaceutical Product Manufacturing in Ireland

  • Products & Services
  • Therapeutic or prophylactic medication
  • Other
  • Vaccines and antibiotics
  • Biopharmaceuticals
  • Chart: Pharmaceutical Preparations Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Pharmacies
  • Hospitals
  • Other
  • Chart: Major Market Segmentation for the Pharmaceutical Preparations Manufacturing Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pharmaceutical Preparations 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 Pharmaceutical Preparations Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blockbuster Drugs
  • Products that generate annual sales in excess of US$1 billion.
  • Generic Drugs
  • Drugs that are produced and distributed without patent protection.
  • Heath Service Executive (Hse)
  • Ireland's national provider of public health and social care.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pharmaceutical Preparations Manufacturing in Ireland market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Pharmaceutical Preparations 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 Pharmaceutical Preparations 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 Pharmaceutical Preparations 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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