Pharmaceuticals Manufacturers Industry Overview

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Industry Description

Companies that research, develop, produce, market, and sell chemical or biological substances for medical or veterinary use, including prescription, generic, and OTC drugs; vitamins and nutritional supplements; diagnostic substances; and drug delivery systems.

Industry Trends

Privatized Scientific Research

Much of the basic scientific research that underpins the drug industry was and is conducted in universities with public funding. But financial incentives have encouraged more research done by small companies spun off from universities when research reaches the stage of practical application.

Industry Competitors

Industry Codes

Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Pharmaceuticals Manufacturers maps to a number of NAICS codes including:

NAICS
NAICS Title
Pharmaceutical Preparation Manufacturing
In-Vitro Diagnostic Substance Manufacturing
Biological Product (except Diagnostic) Manufacturing

Industry Associations & Organizations

Related Industries

Industry Financials

Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Pharmaceuticals Manufacturers industry.

Indicator
Total
NAICS Codes
4
Establishments
1,829
Sales, receipts or shipments ($1,000)
$140,557,276
Annual Payroll ($1,000)
$13,788,405
Paid Employees
248,947

Industry People



Industry Jobs

Boston Scientific Corporation - Maple Grove.MN
From Boston Scientific Corporation
AMAG Pharmaceuticals, Inc. - Lexington.MA
From Jobfox
Pharmaceuticals Company - St. Louis.MO
From TheLadders.com