Pharmaceutical Manufacturing in California
The Pharmaceutical Manufacturing industry in California grew robustly, with revenue continuing to increase. Compared with other states, California leads the nation in biopharmaceutical and medical device employment. A majority of the pharmaceutical companies are operating in the San Francisco Bay area and San Diego County. There is also a growing industry presence in the Los Angeles area as well, indicating potential expansion into other areas of the state as well. As industry operators continue to develop new therapies and advance biotechnology research, the industry is expected to continue to attract major pharmaceutical companies to the state over the five years to 2022.
Pharmaceutical and medicine manufacturers produce prescription and over-the-counter products that are used to prevent or treat illnesses and diseases. The manufacturing process involves researching and processing biological and mineral compounds. The industry does not include nutritional supplements or cosmetic beauty products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.