Industry Outlook

In the last few years we’ve seen pharmaceutical companies paying billions in legal fees. But is this trend sustainable? Well, look at it this way: the U.S. is at the top of the global pharmaceutical food chain and the industry is expected to reach somewhere near $345 billion profit in 2014, according to MarketLine. A market this vast requires specialized, full-time research in order to stay updated on the latest medical advances, injuries, and drugs and devices that are being developed and approved.

Regional Pharmaceutical Market Share

Headquartered in New York, Pfizer has over 110,000 employees and is the leading research-based pharmaceutical company worldwide. Pfizer reported a 36% rise in income for 2010, reaching almost $68 billion in revenues – this is up from $50 billion the previous year.

Top 10 Global Pharmaceutical Companies2

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2 http://www.reportlinker.com/ci02257/Pharmaceutical.html