Who's No. 1 in Big Pharma? Well, in a few years it won't be Pfizer, according to a new industry report. URCH Publishing predicts that GlaxoSmithKline will overtake Pfizer as the world's largest by 2012. Pfizer won't even be able to hang onto second place, the report says; that will belong to Roche.
Currently, it's Pfizer in the lead with a market share of 6.2 percent. GSK comes in second with 5.4 percent, and Roche boasts a third-place 4.3 percent. That's all going to change, though, as only two of today's top 10 are expected to post industry-beating growth: Roche and Novartis. The global pharma market is poised for compound annual growth of 5.5 percent over the next four years, to $929 billion, the report states. Roche is expected to rack up 6.2 percent and Novartis 6.1 percent.
What about other big-name drugmakers? Johnson & Johnson and Merck are expected to generate only "stagnant growth" through 2012, URCH predicts.
The report's reasoning behind its sales projections is familiar: Future growth will be limited by increased generic competition, a lack of new blockbusters and high prescription co-pays for insured consumers.
- see the release from URCH Publishing