Pfizer being a large pharmaceutical company establishes a strong focus in developing new products to meet various health issues. In 2020, the company generated revenues of CHF58.323 billion. MBA Skool is a Knowledge Resource for Management Students, Aspirants & Professionals. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. We take a closer look at these five giants of the pharmaceutical industry below. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. Analysis of Profitability Ratios Pfizer Inc. (NYSE:PFE) Analysis of Profitability Ratios Annual Data Quarterly Data Profitability ratios measure the company ability to generate profitable sales from its resources (assets). Out of which, the net income of the country was 9.165 billion dollars. "HIGHLIGHTS OF PRESCRIBING INFORMATION - GILENYA (fingolimod).". Yet another top Pfizer competitor, Roche is a Swiss multinational healthcare company that was formed during the year 1896 and is headquartered in Basel, Switzerland. Investors sometimes prefer comparable analysis of PFIZER to its intrinsic valuation because they are able to contrast its competitors on a relative basis. 2 - These sections are available only when you purchase a report with appropriate additional types of analyses. Strategic Analysis for Pfizer Incorporated Strategic Analysis Competition, typically the most powerful external force, is increased by the advent of globalization. AbbVie is a global biopharmaceutical company based in Chicago. Roche Holdings' revenue for specific drugs were converted from Swiss francs to U.S. dollars on Aug. 23, 2021. This type of analysis helps you determine how your competitors compare to your own business. Consequently, it also made an operating income of $30.745 billion. Investopedia requires writers to use primary sources to support their work. Roche Holding AG. From an individual investor's perspective, Pfizer's competitive analysis can cover a whole range of metrics. Differentiation forces Pfizer to increase costs, resulting in an increase in product price, and most importantly an increase in customer perceived value. The Pfizer VRIO Analysis shows that the financial resources of Pfizer are highly valuable as these help in investing into external opportunities that arise. ", FDA. The consent submitted will only be used for data processing originating from this website. In this case, Merck is considered the top competitor of Pfizer within the pharmaceutical field, generating 114% the Pfizer's revenue. ", FDA. "HIGHLIGHTS OF PRESCRIBING INFORMATION - ELIQUIS.". However, looking back, Pfizer's leading role in developing a COVID-19 vaccine was not expected. Top sellers include pneumococcal vaccine Prevnar 13, cancer drug . 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The company has been listed in the New York Stock Exchange and is also ranked No. Form 10-K for the fiscal year ended December 31, 2020, HIGHLIGHTS OF PRESCRIBING INFORMATION - ELIQUIS, 1 CHF to USD - Convert Swiss Francs to US Dollars, HIGHLIGHTS OF PRESCRIBING INFORMATION- AVASTIN (bevacizumab), HIGHLIGHTS OF PRESCRIBING INFORMATION- OCREVUSTM (ocrelizumab) injection, for intravenous use, HIGHLIGHTS OF PRESCRIBING INFORMATION- PERJETA (pertuzumab), HIGHLIGHTS OF PRESCRIBING INFORMATION - TRULICITY (dulaglutide), HIGHLIGHTS OF PRESCRIBING INFORMATION - ALIMTA (pemetrexed disodium), HIGHLIGHTS OF PRESCRIBING INFORMATION- HUMALOG (insulin lispro injection), HIGHLIGHTS OF PRESCRIBING INFORMATION - HUMIRA (adalimumab), HIGHLIGHTS OF PRESCRIBING INFORMATION- MAVYRETTM (glecaprevir and pibrentasvir), HIGHLIGHTS OF PRESCRIBING INFORMATION - IMBRUVICA (ibrutinib), HIGHLIGHTS OF PRESCRIBING INFORMATION- ENTRESTO (sacubitril and valsartan), HIGHLIGHTS OF PRESCRIBING INFORMATION - GILENYA (fingolimod), HIGHLIGHTS OF PRESCRIBING INFORMATION- KEYTRUDA (pembrolizumab), Sitagliptin (marketed as Januvia and Janumet) Information, Pfizer is one of the leading companies in the. Initially, it started its business in 1668 as Merck Group, named after the Merck family. The company develops and sells medical devices and pharmaceuticals. Pfizer's main competitors are Johnson & Johnson, Bristol Myers Squibb, Eli Lilly and Company, Novartis AG . This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Novartis has a big reputation in the prescription drugs and due to which it is a top Pfizer competitor. The complete financial data is available for publicly traded companies. The company ranked 69th on the 2021 Fortune 500 list. February 12, 2019 By Hitesh Bhasin Tagged With: Competitors. "HIGHLIGHTS OF PRESCRIBING INFORMATION- OCREVUSTM (ocrelizumab) injection, for intravenous use. FDA. Eli Lilly and Co. "Form 10-K for the fiscal year ended December 31, 2020," Pages 5 & 6. A competitor analysis refers to an assessment of your competitor's strengths ad weaknesses. GSK also holds the stature of developing the first malaria vaccine. Pfizer is a large pharmaceutical company in the world. It produces about 2000 products in about 65 categories and also has an intense focus to increase its product range. Today, the shareholder-owned company operates in 180 countries, employing over 96,000 people worldwide.. The key strength of Ciplas brand success is its focus on Research and Development. Its brand value is increased by its mergers and acquisitions with big pharmacy brands. Pfizer ranks among the worlds largest pharmaceutical companies. In this paper we will conduct several analyses to identify strategies that would be viable options for the company. . Continue with Recommended Cookies. Pfizer Inc. (PFE) is a leading global biopharmaceutical company based in New York. SWOT Analysis is a proven management framework which enables a brand like Pfizer to benchmark its business & performance as compared to the competitors. Similarly, the company has had several blockbuster drugs and products. Pfizer commits to provide safe, affordable, and effective medicines and health care service to the people who require them. In FY 2020, Pfizer generated $9.6 billion in net income on $41.9 billion in annual revenue. The agency also provides guidance to market participants - including physicians and other health professionals, hospitals and other institutional providers, pharmaceutical companies and other sellers of health care products, and insurers - to help them comply with the nation's antitrust laws., PR-inside. Its market performance is impressive (Nickell 740). A popular health care brand, Abbott was formed during the year 1888 and is headquartered in Illinois, United States. The content on MBA Skool has been created for educational & academic purpose only. The company currently operates from Manhattan, New York City. Pfizer's SWOT Analysis is nothing but a detailed study of the four most significant factors that play a major role in deciding and identifying the company's position in the industry and where it lies concerning its competitors. "PFIZER STRATEGIC ANALYSIS" DEVELOPED BY: PHARM-NET 2. Hi, I am an MBA and the CEO of Marketing91. The main competitors of Pfizer include AbbVie (ABBV), Merck & Co., Inc. (MRK), Eli Lilly and (LLY), Bristol-Myers Squibb (BMY), Johnson & Johnson (JNJ), Zoetis (ZTS), Novo Nordisk A/S (NVO), AstraZeneca (AZN), Novartis (NVS), and Abbott Laboratories (ABT). Its brand value has seen a rise by having many mergers and acquisitions with other pharmacy industry. Penicillin is a turning point in human historythe first real defense against bacterial infection. 2) Novartis A Swiss pharmaceutical company, Novartis is headquartered in Basel, Switzerland. "Form 20-F 2020 dated January 26, 2021," Page 26. Upgrading to new technologies has strengthened the brand. The company produces medicines that help people to live longer, more active, and healthier. Industry has presence of large number of small firms of a similar size. Jarvis, L. (2005, October 21). Eli Lillys products are sold in about 125 countries. Use fundamental and technical analysis of Pfizer and its peers Pfizer's main competitors are Roche Holding AG, Eli Lilly and Co., AbbVie Inc., Novartis AG, and Merck & Co. Revenue from Top Drug (FY 2020): $5.5 billion, Revenue from Top Drug (FY 2020): $5.1 billion, Revenue from Top Drug (FY 2020): $19.8 billion, Revenue from Top Drug (FY 2020): $4.0 billion, Revenue from Top Drug (FY 2020): $14.4 billion. Merck 7. FDA. In Brazil, the firm is losing a lot of their customers because they cannot afford to continue being on the medication and other generic anti-depressants that serve the same purpose are surpassing Celexa. According to an estimate, the annual revenue of Pfizer in 2020 was 41.908 billion dollars. Pfizer discovers, develop, and manufacture leading prescription drugs. Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. The company has about 80,000 employees that are present across the world like America, Africa, Asia, Australia, and Europe. Pfizer (PFE) and BioNTech (BNTX) recently won the world's first regulatory approval for a COVID-19 vaccine. It has its presence worldwide and has about 44000 people working for them across the globe. Profitability Ratios (Summary) Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Equity (ROE) It is one of the worlds largest independent biotech companies. During the 2020 pandemic, Pfizer has invested more than $2 billion for research of vaccinations, 9. Both firms have done well with this new anti-depressant on the market and have been able to maintain the price but now that the economy has dropped significantly it has become more and more difficult. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Pfizer has an excellent research and development (R&D) creating innovative and breakthrough products, 3. Due to its excellent customer loyalty and brand visibility, Merck & Co is considered one of the top Pfizer competitors. "Our primary focus is the on-going evolution of the delivery of our customer-facing operating model, increasing our relevance with our customers in the most effective and efficient manner possible," says Matt Portch, VP Commercial Model Innovation at Pfizer. SWOT analysis of Pfizer analyses the brand by its strengths, weaknesses, opportunities & threats. A CBO Study: How Increased Competition from Generic Drugs has Affected Prices and Returns in the Pharmaceutical Industry. I am a Digital Marketer and an Entrepreneur with 12 Years of experience in Business and Marketing. Pfizer ranks among the world's largest pharmaceutical companies. Pfizer vs. In the same year, Eli Lilly generated revenues of $22.319 billion. The Chinese pharmaceutical sector has the highest rate of growth in 2014. The major competitors of Pfizer, namely AstraZeneca, Eli Lilly and Co., and Abbott Laboratories, are analyzed through a company profile, in-depth business segment analysis, a financial analysis, and SWOT analysis.