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Section A Overview of pharmaceutical attention Global pharmaceutic fabrication covers the achievement of pharmaceuticals and medical articles, wholesale and retail trade, statistical distribution through a gross revenue network of drugstores and pharmacies. The pharmaceutical industry in actual countries is one of the most dynamic and juicy business. At the same(p) time this commercializeplace segment regulated by governing body bodies and controlled by insurance firms. Chart 1.1 cap world pharmaceutical corporations, 2007 (Source: The Association of the British Pharmaceutical Industry) CompanyCountry sales ЈGrowth % commercialize place sh be % Pfizer ground forces22,292-26.7 GlaxoSmithKlineUK18,84715.6 NovartisSWI17,15495.1 Sanofi AventisFRA16,78885.0 AstrazenecaUK15,01094.5 Johnson & JohnsonUSA14,47854.3 RocheSWI13,814184.1 Merck & CoUSA13,63184.1 AbbottUSA9,57082.9 LillyUSA8,335132.5 in the lead 10 149,920644.9 AmgenUSA8,18812.5 WyethUSA7,94982.4 BayerGER7,020132.1 Bristol-Myers SquibbUSA6,51962.0 Boehringer IngelheimGER6,277111.9 Schering-PloughUSA6,181101.9 TakedaJAP5,47991.6 TevaISR5,300121.

6 Novo Nordisklair3,336181.0 Daiichi SankyoJAP2,92570.9 Leading 20209,093762.6 The competition within the pharmaceutical industry can be best described as Oligopoly. there are comparatively few companies that serve many customers (the efflorescence 10 pharmaceutical companies control almost 45% market share). However newly patented pharmaceutical products that are remarkable are monopolies. When a firm! has a patent they are the only manufacturing business of the drug until the patent runs out in this case the pharmaceutical company acts as a monopoly in the short terminus of time. During this time the company has a market power; it elbow room that it has the ability to alter the market price of a product. Market Share by domain Worldwide...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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