Pharmaceutical and Medicine Manufacturing - 2024 U.S. Market Research Report with Updated Recession Forecasts
The 2024 Pharmaceutical and Medicine Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2015-2028.
This 63-page Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the industry including historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, 31 balance sheet benchmarks, inventory statistics, extensive industry segmentation by concentration, business size, and business structure, market share of top 50 company segments, market size and other statistics by state, plant utilization, BCG matrix, operating expense details on 26 categories, production material cost detail, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
This report is based on extensive business surveys filled out by companies in the industry. Our analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights which leaders depend on for their market research needs.
This industry group includes companies primarily engaged in one or more of the following: (1) manufacturing biological and medicinal products; (2) processing (i.e., grading, grinding, and milling) botanical drugs and herbs; (3) isolating active medicinal principals from botanical drugs and herbs; and (4) manufacturing pharmaceutical products intended for internal and external consumption in such forms as ampoules, tablets, capsules, vials, ointments, powders, solutions, and suspensions.
Below are a few of the thousands of stats from the 2024 Pharmaceutical and Medicine Manufacturing Market Research Report:
INDUSTRY SIZEIn 2023, industry sales were $308.7 billion
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INDUSTRY GROWTHOver the past 3 years, the industry has grown at an annual rate of 8.2%
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COMPANY GROWTHThere are 1,808 companies in the industry
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SALES PER FACILITYIn 2023, the average sales per facility was $140.5 million
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PPI & PRICING2023 PPI growth was 3.7%
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FINANCIAL RATIO BENCHMARKSCompanies average a Fixed Asset Turnover ratio of 3
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PRODUCTIVITY ANALYSISIn 2023, employee productivity was $1,056,194
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EXPENSE BENCHMARKING2.4% of expenses are spent on health insurance
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OPERATING EXPENSESIn 2023, industry operating expenses grew 6.3%
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PAYROLLIn 2023, payroll per employee was $101,081
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JOB CATEGORIZATION BENCHMARKS11.3% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGESThe average industry hourly pay for office and administrative jobs is $25.81
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The above highlights represent a small fraction of what you will find in this report.
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NAICS code: 3254