The consistent increase in homecare shows that nursing services shift their working to private sector. Both government and the community are pressing the industry to invest more in environmental concerns. The use of IT technology in the preparation of the drugs is becoming most important and they carry out different research and development work and it has help the industry for improvement of medicines Academic Sample Papers, On the one side is the aging population which brings a wide range of opportunities for the industry.
Some countries face the pressure from the firms and they have to introduce new reforms in solving their concerns and meeting their demands, which are facing during their business.
Various countries and the pharmaceutical companies are taking steps in generic drug production and they are introducing new health reforms in the pharmaceutical industry, which can help them in understanding their issues and mitigating their issues amicably. Such pressures do not just become an impediment to growth but also have the potential to cause losses.
These unhygienic health conditions are affecting the eruption of the diseases like malaria, tuberculosis and other preventable diseases. Economical factors The economic situation in the country affects the pace and development of this industry. It helps developing, producing and marketing the approved medicines and drugs.
The US based Pharma companies are faced with a growth squeeze and are trying to cut costs in varying ways. It is reducing the net profits of the US based Pharma companies. They stopped funding in small and less important projects and now they are focusing only on the big and most important projects to save the money and continue economic growth within the country.
It is primary duty of any government to take care of the health of its citizens and provides necessary medical treatment, access to specialists and use of latest and modern technology for the diagnosis of the diseases Alan Shaw, It has become a new means to connect with the customers.
The pressure on the Pharma companies is high over synchronization between environmental needs. The provision of medicines and their effective use and availability to the patients are the primary concerns of any government. Margins are already running low and pricing pressure is leading to losses for several drug makers including Johnson and Johnson.
They should also ensure the provision of all types of medicines to all of the people as the expensive medicines are not provided in the general hospitals for the treatment of common people.
However, the stronger dollar globally is also a cause of trouble. It is not just the drug makers, but the drug distributors too are in trouble. Various kinds of pharmaceutical residues can pollute the environment.
Especially, the rise of social networking has given rise to several new profitable opportunities for the Pharma sector. Coupled with it are the other expenses which generally result in higher prices of drugs.
However, it also remains a source of expenditure for the Pharma companies. If there is economic crisis in the country, then the spending on healthcare per capita is increased. Still, its effect can be positive for the companies based in Europe.
Various kinds of economic and political pressures are already leading to losses for the Pharma companies. Now people are well informed about healthcare activities and they are concerned with different health issues and increase in the aging population is creating various threats to the industry and they need to solve their issues before becoming them worse.
In this area, there are four major challenges to be dealt with. The legal pressures are one of the biggest challenges before the pharmaceutical industry. Legal Factors Most of the pharmaceutical industries look on the legal aspects of the industry and they follow the rules and regulations while doing their business in the market.
It is also necessary to meet the legal issues of the import and export of the drugs and has to pay the taxes and other duties.
There are other problems too like obesity which is a common problem across US and affects nearly all the age groups.Pest Analysis of Pharma Industry - Download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online.
A PESTLE Analysis for the Pharmaceutical Industry January 19, | By: Alan Shaw 31 Comments It never ceases to amaze me why so many businesses fail to take the time to look at the macro and the micro environments.
PESTLE Analysis of the Pharmaceutical Industry Political - Recent US health reforms has led to increased pressure on price. - Increased push for continued overseas aid, particularly through the United Nations and the European Union, with price of the drugs being a major factor in the supplier choice.
Indian pharmaceutical industry is mounting up the value chain. From being a pure reverse engineering industry focused on the domestic market, the industry is moving towards basic research driven, export oriented global presence, providing wide range of value added quality products and services.4/4(4).
A PESTEL/PESTLE Analysis of Pharmaceutical Industry. The global pharmaceutical industry is expected to have grown to more than trillion dollars by the year Pharmaceutical industry pestel analysis 1.
PHARMACEUTICAL INDUSTRY SUBMITTED BY: RAHUL PAGARIA ABHIJEET KUMAR POOJA BALA NIKHAR RAVIRAJ ADITYA SHAH CHETAN DHAVAL 2. 1. Introduction 2. About Indian Pharma industries 3. Growth of Pharma industries 4. Key players 5. PESTELEE Analysis 3.Download