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Big Pharma, Big Business

Author

Listed:
  • Sorin-George Toma

    (University of Bucharest)

  • Stefan Catana

    (University of Bucharest)

Abstract

Since their birth, human beings have tried to preserve their health in a good condition for as long as it is possible during their life, especially in modern times. The result was not only the appearance and development of the healthcare systems all over the world but also of many international healthcare organizations, non-governmental organizations and pharmaceutical companies. The development of new technologies, the growing elderly population, and the increasing need for complex healthcare products and services have been some of the factors that led to the expansion of Big Pharma at a global level. The aims of the paper are to present and briefly analyze the evolution of Big Pharma by their revenues in the last years. The paper shows the growing importance of the pharmaceutical sector. Also, it illustrates that Big Pharma are powerful companies and make businesses worldwide. Johnson & Johnson was by far the largest global pharmaceutical company by revenue in the period 2016-2020.

Suggested Citation

  • Sorin-George Toma & Stefan Catana, 2021. "Big Pharma, Big Business," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 677-683, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:677-683
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    References listed on IDEAS

    as
    1. Professor Paul Marinescu & Sorin-George Toma, 2015. "Strategy and Change," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 21(1), pages 145-150, May.
    2. Fernando Gascón & Jesús Lozano & Borja Ponte & David Fuente, 2017. "Measuring the efficiency of large pharmaceutical companies: an industry analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 18(5), pages 587-608, June.
    3. Sorin-George Toma & Shinji Naruo, 2017. "Total Quality Management and Business Excellence: The Best Practices at Toyota Motor Corporation," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(45), pages 566-566, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Sorin-George Toma, 2023. "Analysing The Evolution Of The World?S Largest Corporations In The Period 2019-2021," Management Strategies Journal, Constantin Brancoveanu University, vol. 60(2), pages 123-130.

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    More about this item

    Keywords

    Big Pharma; pharmaceutical sector; healthcare; revenue; business;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • I00 - Health, Education, and Welfare - - General - - - General
    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other

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