Sunday, October 16, 2011

What non-US companies are key players in the industry?

Adding to Lindsey's post; 
Another key player in the pharmaceutical industry is Bayer. It is a German based pharmaceutical company that started over 130 years ago. In 2009, Bayer sold 2.9 billion EUR in the European market. It spent 2,080 million EUR on Research and development and 954 EUR on Capital Expenditures. 

North America is the second biggest market for Bayer, as in 2009 it was 23.5% of it sales (8.2 billion EUR). It owns a 6,8 % of the North American market share for drugs. One of its major global healthcare headquarters, MEDRAD is actually in Warrendale, Pennsylvania; which is quite close to here. I think it would be interesting to go visit it for our project and have a first-hand insight to our industry. It also has some global R&D centers across the country, such as theprotein-based biologics drug discovery center in Berkeley, California. 

As I posted last week, China and India are fast growing markets for the industry; Bayer's statistics prove this. Asia is the third largest market for Bayer, after Europe and North America. It composes 21% of Bayer's total sales (7.5 billion EUR in 2009).  

http://www.bayer.com/en/asia-pacific.aspx


Maria

2 comments:

  1. Visiting the major headquarters of a company in our industry is a great idea. Hopefully we can find one a bit closer than Pennsylvania. Lets look into this over the next couple weeks!

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  2. I think it is important to keep in mind the markets overseas. Like you stated they are a very big providers and a large part of the industry. Its always good to be thinking globally.

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