New formulas: Planned investment and new innovations present opportunities for expansion

Pharmaceuticals are a core segment of Ireland's economy, accounting for a leading share of 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. Consequently, 24 of the 25 largest biotech and pharmaceutical companies in the world have a presence in the country, and Ireland is the seventh largest exporter of pharmaceuticals globally.Industry revenue is expected to increase at a compound annual rate of 3.8% over the five years through 2019 to reach €28 billion...read more.

Industry Statistics & Market Size
Revenue
€28bn
Annual Growth 14-19
3.8%
Forecast Growth 19-24
Profit
Employment
11,375
Businesses
119
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Despite revenue growth, profit has fallen as patent expirations and competition hinder margins
  • Ireland is likely to take a harder line on pharmaceutical purchases as financial pressure rises
  • The amount spent by the HSE on biosimilars is likely to increase over the next five years
  • Industry Report - Industry Key Buyers Chapter

    Due to the size of the Pharmaceutical Preparations Manufacturing industry and the number of international pharmaceutical giants present, concentration of individual companies is low. 24 of the world's top 25 largest independent biotech and pharmaceutical companies have operations located in Ireland. In 2019, Ireland's three largest pharmaceutical manufacturers, Merck Sharp & Dohme, Pfizer and GlaxoSmithKline, are estimated to account for 10.5% of industry revenue.Many small-scale producers also operate alongside global giants in the industry, producing niche botanical and homeopathic products. The degree of concentration is lowest in the generic and OTC segments because there are more small players producing a wider range of products in these segments. Ove...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 productsUncertain diagnosisMarginal 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
  • Wages
  • Purchases
  • 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 (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)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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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