We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Pharmaceutical industry: pain relievers - Research Paper Example

Comments (0)
Pharmaceutical Industry: Pain Relievers 26th November 2012 Outline Introduction – This part introduces the paper by highlighting the key factors that have led to extensive growth of the US pharmaceutical industry…
Download full paper
Pharmaceutical industry: pain relievers
Read TextPreview

Extract of sample
Pharmaceutical industry: pain relievers

Download file to see previous pages... The part also compares the performance of US firms with competitors. Demand, consumers and government regulations – This part analyzes the demand of the pharmaceutical products in US and the number of consumers. The section also indicates major government initiatives to regulate the US pharmaceutical industry. Conclusion – This section concludes the entire paper by indicating major areas covered. Additionally, the part gives an opinion on the way forward to curb entry of illegal and cheap drugs in the US market. Introduction As the global economy recovers from the recent economic downturn, stiff competition has been experienced in various industries as the firms compete for the available resources. In the same way, companies have adopted various microeconomic policies such as price regulations, as a way of enhancing the demand of their products. The US pharmaceutical industry is one of the fastest growing sectors in the world based on the extensive biopharmaceutical research that the currently has emulated. As a result, the industry is one of the major sources of employment for the skilled medical personnel and sales executives. One of the key factors that have led to the growth of the US pharmaceutical industry is that the country has the largest free-pricing market and effective regulatory environment. Through the support of the government especially in the matters of research, the industry has attained a competitive advantage making it to have an impact on other pharmaceutical companies in the world. This paper gives an analysis of the US pharmaceutical industry, focusing on microeconomics aspects that are evident in the sector. Market Structure The pharmaceutical industry is made up of many competing firms based on the free entry and exit strategy. In addition to the independence that exists in the industry, pharmaceutical companies in various parts of the world can sell their products in any market at different prices. As compared to other countries, Berndt and Newhouse (2010) argue that US firms sell their products at high prices – an aspect that has resulted in smuggling of cheap drugs from other areas such as Canada to US. The performance of the industry in US has been outstanding. However, as a result of the economic recession, a reduction in the demand of the pharmaceutical products led to reduction of sales from 3.5% to 2.5% according to the report by IMS Health, a firm that deals with health care analysis (Berndt, 2001). According to Michels and Jonnard (1999), as compared to Japan and Europe, the US pharmaceutical industry has attained a very high level in terms of production based on two notable factors. First, the substantial growth in capital and research key nonlabor inputs has made the industry effectively respond to the dynamics that exist in the market. Second, there is a significant difference in the rate of growth and absolute sizes between United States and other developed markets. For instance, in 1990s the US pharmaceutical market and the European market were almost at par, but recently the US market has experienced a high rate of growth leaving behind other European countries. Producers and Suppliers As mentioned earlier, the industry has attracted a high number of firms with an aim of meeting the increased demand from the American residents. Some of the major players in the industry includes Pfizer, Merck & Co., ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Pain Pill Abuse in America
Over the past few decades, millions of Americans have succumbed to the drug war and millions of individuals still continue to perish as a result of drug abuse, its smuggling and related crimes. The epidemic of prescription pill abuse and addiction has been plaguing the American society for the past few decades claiming countless lives during its course.
5 Pages(1250 words)Research Paper
Chinese Pharmaceutical Industry
However, the definitions of theses firms are more or less on similar lines in all the provinces. The Shanghai Article 6.3 published on 2nd June 2001, states that a minimum of thirty percent of the employers (employees) of High-Technology Innovative Enterprises should have at least completed their graduation and these types of firms should have at least ten percent of work force who are R&D staff.
8 Pages(2000 words)Research Paper
Career in Pharmaceutical Sales
I am devoted to my studies and the steps that I have to take to obtain a future in this field. One of the most important aspects of pharmacy are the high professional standards in the field, especially in the sales field. All of the best professions
2 Pages(500 words)Research Paper
Pharmaceutical Industry Critisizm
The pharmaceutical industry is one of the largest and most powerful industries in the world. In 2009 the pharmaceutical industry generated $837 billion in revenues worldwide . The industry serves a critical role in health care because the drugs they develop are prescribed by doctors to treat thousands of potential illnesses.
2 Pages(500 words)Research Paper
Pharmaceutical Industry
This means that the hospital needs to have a way of getting the money for the services and expenses that they have incurred. This is generally done through reimbursement systems that rely on patients having health
2 Pages(500 words)Research Paper
Migraine Pain
Some people only have a migraine once or twice a year. Although the symptoms of migraine pain are easy to identify, but there should be proper clinical diagnosis of the disease in order to outlook the possibility of any other disease and proper treatment of migraine
1 Pages(250 words)Research Paper
Unethical Drug Marketing in the Pharmaceutical Industry
g Advertising), unethical recruitment of physicians, physicians targeted promotions, researchers’ conflicts of interests and finally, data manipulation during drug trials, which are by no means ethical from any frame of reference. Activists and advocacy groups have long
6 Pages(1500 words)Research Paper
Pharmaceutical(Pill Mills) Industry Regulate and profitability
They have weird operations like treating all pains with pills only, lack of physical examination, there is no examination of medical history, patients are directed to their pharmacies only, patients pick the medicine of their choice, and the mode of
2 Pages(500 words)Research Paper
Hould the pharmaceutical industry be providing free medication to those who cannot afford it
This has negatively affected the ability of countries to realize the right health for their citizens. The pharmaceutical industry can help address this problem by providing free medicines to those who cannot afford them. This
5 Pages(1250 words)Research Paper
Let us find you another Research Paper on topic Pharmaceutical industry: pain relievers for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us