MM Project 111
MM Project 111
MM Project 111
INTRODUCTION
1.1 INDUSTRY OVERVIEW
The Healthcare industry (also called the Medical industry or Health economy) is an
aggregation and integration of sectors within the economic system that provides
goods and services to treat patients with curative, preventive, rehabilitative, and
palliative care. It encompasses the creation and commercialization of products and
services conducive to the preservation and restoration of well-being. The
contemporary healthcare sector comprises three fundamental facets, namely services,
products, and finance. It can be further subdivided into numerous sectors and
categories and relies on interdisciplinary teams of highly skilled professionals and
paraprofessionals to address the healthcare requirements of both individuals and
communities.
The healthcare industry is one of the world's largest and fastest-growing industries.
Consuming over 10 percent of gross domestic product (GDP) of most developed
nations, health care can form an enormous part of a country's economy. U.S.
healthcare spending grew 2.7 percent in 2021, reaching $4.3 trillion or $12,914 per
person. As a share of the nation's Gross Domestic Product, health spending
accounted for 18.3 percent. The per capita expenditure on health and pharmaceuticals
in OECD countries has steadily grown from a couple of hundred in the 1970s to an
average of US$4'000 per year in current purchasing power parities. A healthcare
provider is an institution (such as a hospital or clinic) or person (such as a physician,
nurse, allied health professional or community health worker) that provides
preventive, curative, promotional, rehabilitative or palliative care services in a
systematic way to individuals, families or communities.
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The World Health Organization estimates there are 9.2 million physicians, 19.4
million nurses and midwives, 1.9 million dentists and other dentistry personnel, 2.6
million pharmacists and other pharmaceutical personnel, and over 1.3 million
community health workers worldwide, making the health care industry one of the
largest segments of the workforce.
The medical industry is also supported by many professions that do not directly
provide health care itself, but are part of the management and support of the health
care system. The incomes of managers and administrators, underwriters, and medical
malpractice attorneys, marketers, investors, and shareholders of for-profit services, all
are attributable to health care costs.
In 2017, healthcare costs paid to hospitals, physicians, diagnostic laboratories,
pharmacies, medical device manufacturers, and other components of the healthcare
system, consumed 17.9 percent of the gross domestic product (GDP) of the United
States, the largest of any country in the world. It is expected that the health share of
the Gross domestic product (GDP) will continue its upward trend, reaching 19.9
percent of GDP by 2025. In 2001, for the OECD countries the average was 8.4
percent with the United States (13.9%), Switzerland (10.9%), and Germany (10.7%)
being the top three. US health care expenditures totalled US$2.2 trillion in 2006.
According to Health Affairs, US$7,498 be spent on every woman, man and child in
the United States in 2007, 20 percent of all spending. Costs are projected to increase
to $12,782 by 2016.
The government does not ensure all-inclusive health care to every one of its residents.
However, certain freely supported healthcare programs help to accommodate a
portion of people who are elderly, disabled, or poor. Elected law guarantees
community to crisis benefits paying little respect to the capacity to pay. Those without
health protection scope are relied upon to pay secretly for therapeutic administrations.
Health protection is costly and hospital expenses are overwhelmingly the most well-
known explanation behind individual liquidation in the United States.
India's healthcare industry has grown significantly in both employment and income.
The expansion of coverage, services, and rising spending by both public and private
entities are all contributing to the rapid growth of the Indian healthcare industry. The
abundance of highly qualified medical personnel in India is a competitive advantage.
Comparing India to its counterparts in Asia and Western nations, it is also cost-
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competitive. Surgery in India costs roughly a tenth of what it does in the US or
Western Europe.
The Indian healthcare sector is expected to record a three-fold rise, growing at a
CAGR of 22% between 2016–22 to reach US$ 372 billion in 2022 from US$ 110
billion in 2016. By FY22, Indian healthcare infrastructure is expected to reach US$
349.1 billion. The e-health market size is estimated to reach US$ 10.6 billion by 2025.
The healthcare sector is expected to generate 27 lakh jobs in India between 2017-22,
over 5 Lakh jobs per year.
As of 2021, the Indian healthcare sector is one of India’s largest employers as it
employs a total of 4.7 million people. The sector has generated 2.7 million additional
jobs in India between 2017-22 -- over 500,000 new jobs per year.
The health sector has been allocated Rs. 89,155 crore (US$ 10.76 billion) in the
Union Budget 2023-24, a hike of around 13%as against Rs. 79,145 crore (US$ 9.55
billion) allocated in 2022-23. The Government of India approved the continuation of
the ‘National Health Mission’ with a budget of Rs. 36,785 crore (US$ 4.44 billion)
under the Union Budget 2023-24.
Flipkart Group has announced its foray into the healthcare sector through the launch
of Flipkart Health+. As part of this development, Flipkart has signed definitive
agreements to acquire a majority share in Sastasundar Marketplace Limited, which
owns and operates SastaSundar.com, an online pharmacy and digital healthcare
platform.
Aster DM Healthcare has announced that it is planning Rs. 900 crore (US$ 120.97
million) capital expenditure over the next three years to expand its presence in India,
as it looks at increasing the share of revenue from the country to 40% of the total
revenue by 2025.
AstraZeneca India has signed a memorandum of understanding (MoU) with Docon
Technologies, a Bengaluru-based health start-up, to digitise 1,000 clinics across India
by implementing customised electronic medical record (EMR) systems in clinics to
offer doctors access to a patient’s complete medical history.
India has made its Covid-19 vaccination platform, CoWIN, open source for all
countries. Almost 76 countries have displayed interest in leveraging the CoWIN
platform to manage their national COVID-19 vaccination drives.
In November 2022, six pharmaceutical companies were chosen by the Indian Council
of Medical Research to produce monkeypox vaccines - Serum Institute of India,
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Biological E, Dr. Reddy's Laboratories, Hester Bioscience Ltd., Indian
Immunological Ltd., and Reliance Life Sciences.
As of November 18, 2021, 80,136 Ayushman Bharat-Health and Wellness Centres
(AB-HWCs) are operational in India, and 638 e-Hospitals are established across India
as part of the central government's ‘Digital India’ initiative. Edelweiss General
Insurance has also partnered with the Ministry of Health, Government of India, to
help Indians generate their Ayushman Bharat Health Account (ABHA) number.
By March 2022, the Health Ministry’s eSanjeevani telemedicine service had already
crossed 3 crore tele-consultations. Moreover, eSanjeevani telemedicine set a record
by completing over 1.7 lakhs consultations in a single day. eSanjeevani telemedicine
service of Union Health Ministry has crossed 3 crore tele-consultations.
Prime Minister Mr. Narendra Modi, while speaking at the global COVID-19 summit,
said that India had shared its vaccine production with 95 countries and the UN
peacekeepers. He also stated that India will supply COVID-19 vaccines to other
countries after increased production. He also launched the Ayushman Bharat Digital
Mission, which will connect the digital health solutions of hospitals across the country
with each other. Under this, every citizen will now get a digital health ID and their
health record will be digitally protected.
As of May 2021, 11.9 lakh Health IDs have been generated and 3,106 doctors and
1,490 facilities have registered on the National Digital Health Mission (NDHM)
platform.
The Uttar Pradesh government has announced the introduction of automatic medicine
dispensing machines to expand the primary healthcare industry and clinical centres in
the country.
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Minister of Defence, Mr. Rajnath Singh, has launched the ‘Services e-Health
Assistance & Tele-consultation (SeHAT)’ OPD portal to provide telemedicine
services to armed forces personnel and veterans.
The Parliament has passed the National Commission for Allied & Healthcare
Professions Bill 2021, which aims to create a body that will regulate and maintain
educational and service standards for healthcare professionals.
The Government of India is planning to increase public health spending to 2.5% of
the country's GDP by 2025. India's competitive advantage also lies in the increased
success rate of Indian companies in getting Abbreviated New Drug Application
(ANDA) approvals. India also offers vast opportunities in R&D as well as medical
tourism. To sum up, there are vast opportunities for investment in healthcare
infrastructure in both urban and rural India.
The healthcare industry is a major driver of the global economy, employing millions
of people and generating trillions of dollars in revenue each year. It is also a vital part
of society, providing essential services that help people stay healthy and live longer
lives.
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4. The emergence of new technologies: New technologies, such as artificial intelligence
and gene editing, are having a major impact on the healthcare industry. These
technologies have the potential to improve healthcare outcomes, but they also raise
ethical concerns.
5. Despite these challenges, the healthcare industry is also undergoing a number of
positive changes. These changes include:
6. The focus on preventive care: There is a growing emphasis on preventive care, which
can help to reduce the risk of developing chronic diseases.
7. The use of new technologies: New technologies are being used to improve the quality
of care, such as telemedicine and electronic health records.
8. The rise of personalized medicine: Personalized medicine is a new approach to
healthcare that takes into account individual genetic and other factors to provide more
targeted treatments.
The healthcare industry is constantly evolving, and it is unclear what the future holds.
However it is clear that the industry will continue to play a vital role in society for
many years to come.
Trends:
1. Surging healthcare spend and investment:
Global healthcare spend is thought to have grown more than 40% between 2018 and
2022, reaching $12 trillion. At the same time, healthcare investments have also
reached record highs in recent years, with attention on areas such as gene
immunotherapy and new mRNA vaccines for diseases such as Zika and malaria.
2. Scientific advancements:
Alongside this investment, we are also seeing progress in treatments and diagnosis of
disease.Precision medicine using biomarkers is increasingly being used, while
advancements in liquid biopsies.
3. Digital innovation and AI:
The pandemic fired rapid digitalization across healthcare, as with other sectors. And
in 2021, digital investments in the healthcare sector nearly doubled to $57 billion,
with an emphasis on telehealth and mental health. Tech companies are increasingly
focusing on healthcare, while digital health start-ups are also growing rapidly.
4. Alternative care models:
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We are increasingly recognizing the importance and power of care provision outside
of hospitals, in homes and communities. In fact, growth in expenditure on health
provision and care at home is expected to outpace healthcare spend in nearly all other
areas. This investment will be used to further home diagnostics, home-administered
drug delivery systems and patient monitoring devices.
5. Widening inequalities:
The pandemic highlighted significant disparities in healthcare coverage, particularly
impacting women, children and adolescents. Low- and middle-income countries were
particularly affected by disruptions to essential healthcare services. Future healthcare
provision needs to focus on closing these gaps and making healthcare affordable and
accessible to all.
6. Healthcare worker shortages and burnout:
The pandemic took its toll on healthcare workers, adding to an already stressed and
overworked workforce. Mental health issues and burnout worsened, leading to many
professionals leaving the sector as well as reduced recruitment. The fall-out from this
continues to be felt, and compounding pressures within the system mean the problem
is not alleviating for many.
7. Worsening mental health and well-being:
Poor mental health is a worsening issue in society more broadly. Systems have largely
underplayed its importance in comparison to physical health, while pent-up demand
for support and delays in intervention are exacerbating the problem. Widespread
isolation, stress, uncertainty and loss during lockdowns has left its mark on many
people.
8. Macro-economic issues:
Challenges being played out on the global stage also filter through to our healthcare
systems. Geopolitical tensions, soaring energy prices, inflation and supply chain
issues all create increasing costs and friction for the healthcare system.
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The Indian Healthcare industry continued its healthy growth in 2023 and reached a
value of USD 372 bn driven by both private sector and government.
The healthcare industry is a collection of sectors that provide patients with goods and
services for curative, preventive, rehabilitative, and palliative care. It is also known as
the medical industry or the health economy.
The healthcare industry in India includes:
Hospitals, Medical devices and equipment, Health insurance, Clinical trials,
Telemedicine, Medical tourism, Outsourcing.
The healthcare industry is one of 11 S&P sectors or GICS (Global Industry
Classification Standard) used by the financial community.
The healthcare sector consists of businesses that provide medical services,
manufacture medical equipment or drugs, provide medical insurance, or otherwise
facilitate the provision of healthcare to patients.
KEY TAKEAWAYS
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1. The healthcare sector consists of all businesses involved in the provision and
coordination of medical and related goods and services.
2. This sector enjoys some significant advantages in the U.S. but is also beset with a
several factors that present potential economic problems.
3. The U.S. healthcare sector accounts for an outsized share of spending relative to
health outcomes, which has led to uncertainties around politically driven reform of the
industry.
4. Understanding the Healthcare Sector.
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make medicines, Macleods Pharmaceuticals Ltd, was incorporated in 1986.Macleods
has enjoyed rapid growth in the recent years, growing at an average growth rate of
over 22% for the past 5 years. Macleods with its experience spanning more than two
decades has emerged as a force to reckon with in global pharmaceutical market. With
an asset of more than 10,000 professionally qualified employees across the globe,
Macleods a multiple location organization, is based out of Jaipur, India.
With expertise in range of formulations ranging from tablets to sterile dosage form
and from inhalation to novel drug delivery system, Macleods is currently ranked 10th
(on mat basis source IMS) in Indian Pharmaceutical Industry and is recognized as one
of the fastest growing pharmaceutical Company in India. Pioneering efforts of
Macleods in providing medications for both chronic and acute therapy, with world-
class state-of-the-art manufacturing facilities approved by various regulatory
authorities of many countries and well Equipped R&D, analytical and bioequivalence
center audited by various regulatory authorities makes Macleods truly a global
pharmaceutical company.
We are present across varied therapies such as antituberculosis, antimalarials,
antiretrovirals, antibacterials, antidiabetics, antihypertensives and antiasthmatics.
We are also known for the number of WHO pre-qualified medicines, used in the
treatment of HIV/AIDS, Malaria, Tuberculosis (TB) and opportunistic infections.
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We develop, manufacture, and globally distribute a broad range of pharmaceutical
products across the Rapies in multiple dosage forms such as solid orals, liquid orals,
topical formulations, injectables (Dry Powder) metered dose inhalers and dry powder
inhalers.
To contribute towards improving patients’ quality of life across the globe, by
providing effective and accessible medicines.
Our vision is to be a leading global pharmaceutical company by providing high
quality, affordable and innovative therapeutic solutions for patients with diverse
medical needs.
Our operations are supported by eight manufacturing units in India. Our existing
facilities are capable of producing a wide range of formulations in multiple dosage
forms, including oral solids (tablets and capsules including soft gelatin capsules), oral
liquids, dry syrups, topicals, granules, inhalers and aerosols, and injectables.
Macleods Pharmaceuticals LTD is a Non-govt company, incorporated on 05 Jun,
1989. It's a public unlisted company and is classified as'company limited by shares'.
Company's authorized capital stands at Rs 2500.0 lakhs and has 79.84272% paid-up
capital which is Rs 1996.07 lakhs. Macleods Pharmaceuticals LTD last annual general
meet (AGM) happened on 29 Sep, 2017. The company last updated its financials on
31 Mar, 2017 as per Ministry of Corporate Affairs (MCA).
Macleods Pharmaceuticals LTD is majorly in Manufacturing (Metals & Chemicals,
and products thereof) business from last 35 years and currently, company operations
are active.
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Current board members & directors are BANWARILAL MURLIDHAR BAWRI,
GIRDHARILAL MURLIDHAR BAWRI, RAJENDRA MURLIDHAR AGARWAL,
VINAYAK VASUDEV SHIRODKAR, RUCHI RAJENDRA AGARWAL, ASHOK
ANANT MAHASHUR, MIHIR BIPIN SHAH and SUVARNA DADABHAU
GHOLAP .
Company is registered in Mumbai (Maharashtra) Registrar Office. Macleods
Pharmaceuticals LTD registered address is 304, ATLANTA ARCADE, MAROL
CHURCH ROAD, ANDHERI (EAST) MUMBAI MH 400059 IN.
In January 1975 the Macleod Group came out in support of Edward Heath in the 1975
Conservative leadership election.When Margaret Thatcher won the contest, the group
expressed disappointment at her choices for the Shadow Cabinet. They were
particularly displeased with the absence of Robert Carr, Peter Walker, and Nicholas
Scott in the Shadow Cabinet, and complained that the common factor was neither age
nor ability, but that they were all on the 'left' of the party.
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Have a strong presence in India with eight manufacturing units and operations in the
US, Kazakhstan, and other countries.
Key aspects of Macleods Pharmaceuticals:
Vertically integrated: They handle everything from API manufacturing to finished
dosage forms and distribution.
Focus on affordability and accessibility: Their mission includes providing patients
with high-quality, affordable, and innovative therapeutic solutions.
Global reach: They export to over 70 countries and have a growing presence
in the US market.
Macleods Pharmaceuticals has a strong presence in India and also exports its products
to over 50 countries around the world.
They have a wide range of products in their portfolio, including:
1. Anti-infectives
2. Cardiovascular
3. Anti-diabetic
4. Dermatology
5. Hormone treatment
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2. They have a strong presence in India and are also exporting to over 50 countries
around the world.
3. They have a wide range of products in their portfolio, including anti-infectives,
cardiovascular, anti-diabetic, dermatology, and hormone treatment.
4. They are committed to providing high-quality, affordable, and innovative medicines
to patients around the world.
The company was founded by Ghiridharilal Bawri, Bhanwarilal Bawri and Rajendra
Agarwal
On 5th June 1989and June is headquartered in India and Mumbai.
Rajendra Agarwal, Founder and Managing Director of Macleods Pharmaceuticals,
founded the company in the year 1986, along with his two brothers - Girdhari Lal and
Banwari Lal.
Macleods Pharmaceuticals Ltd is an unlisted public company incorporated on 05
June, 1989. It is classified as a public limited company and is located in Mumbai,
Maharashtra. It's authorized share capital is INR 65.00 cr and the total paid-up capital
is INR 59.88 cr.
Macleods Pharmaceuticals Ltd's operating revenues range is Over INR 500 cr for the
financial year ending on 31 March, 2023. It's EBITDA has decreased by -8.19 % over
the previous year. At the same time, it's book Networth has increased by 27.47 %.
Other performance and liquidity ratios are available here.
Description: The Company manufactures pharmaceutical products for various
therapeutic diseases
Products & Services: dispersible, bi-layered, coated, uncoated, and enteric coated
tablets; hard and soft gelatin capsules
Category: Manufacturer
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Macleods produces generics for a range of diseases including asthma, osteoporosis
and diabetes.
His younger brothers, Rajendra Agrawal and Banwarilal Bawri, are managing director
and joint managing director respectively.
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PRODUCTS IN MACLEODS PHARMACEUTICALS COMPANY
Macleods Pharmaceuticals Ltd. is a diverse Indian pharmaceutical company with a
wide range of products across various therapeutic segments.
1.Anti-infectives:
This segment covers medicines for treating infections caused by bacteria, viruses,
fungi, and parasites.
Calspray: An antifungal spray for treating local fungal infections.
2.Cardiovascular drugs:
These medicines manage heart diseases and related conditions.
Cardimac: A tablet containing carvedilol, a medication for treating high blood
pressure and heart failure.
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3. Central nervous system drugs:
This category includes medicines for treating neurological disorders and mental
health condition.
Carbamazepine: A tablet for treating epilepsy and trigeminal neuralgia.
4.Gastrointestinal drugs:
These medicines address digestive issues and related problems.
Omeprazole: A proton pump inhibitor (PPI) tablet for treating heartburn, acid reflux,
and peptic ulcers.
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5.Respiratory drugs:
This segment encompasses medicines for treating respiratory diseases.
Salbutamol: An inhaler medication for relieving asthma symptoms and
bronchospasms.
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Dermatology: Alkem Laboratories, Glenmark Pharmaceuticals, Cipla, Zydus Cadila.
It's important to note that these are just some examples, and the competitive landscape
can vary depending on factors like product portfolio, geographical focus, and strategic
priorities.
Here are some of Macleods Pharmaceuticals Ltd's top competitors in India:
1.Cipla:
Cipla is a leading Indian pharmaceutical company with a strong presence in both the
domestic and international markets. The company manufactures and markets a wide
range of pharmaceutical products, including anti-retrovirals, vaccines, and oncology
drugs.
2.Sun Pharma:
Sun Pharma is another leading Indian pharmaceutical company with a strong presence
in the global market. The company manufactures and markets a wide range of
pharmaceutical products, including generics, specialty drugs, and branded
formulations.
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2. METHODOLOGY
2.1 SWOT ANALYSIS
SWOT (strengths, weaknesses, opportunities, and threats) analysis is a method for
identifying and analyzing internal strengths and weaknesses and external
opportunities and threats that shape current and future operations and help develop
strategic goals.
A SWOT analysis is a framework for assessing these four aspects of a business or
project. It can be used to evaluate a company's competitive position and develop
strategic planning.
The primary goal of a SWOT analysis is to increase awareness of the factors that go
into making a business decision or establishing a business strategy. It can help you
make better business decisions and overcome challenges.
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A SWOT analysis typically involves creating a matrix with the four categories. It
assesses internal and external factors, as well as current and future potential.
SWOT analysis is most widely used by organizations, but it can also be used for
personal purposes.
The Structure of SWOT Analysis:
Strengths: Identify the organization's internal capacities and resources.
Weaknesses: Identify the organization's internal weaknesses.
Opportunities: Think externally.
Threats: List down external threats.
The goal for each step is to double-down on strengths and turn weaknesses into
strengths.
A SWOT analysis is a strategic planning tool that matches an organization's goals,
programs, and capacities to the environment in which it operates. It can help an
organization plan strategically and execute more effectively.
SWOT Analysis of Macleods Pharmaceuticals
Strengths of Macleods Pharmaceuticals:
Macleods Pharmaceuticals is an Indian pharmaceutical company that has gained
recognition in the industry. Here are some general strengths associated with the
company:
Product Portfolio:
Macleods Pharmaceuticals typically has a diverse portfolio of pharmaceutical
products, including a range of therapeutic categories such as anti-infectives,
cardiovascular, central nervous system, respiratory, gastrointestinal, and more. A
broad product portfolio helps the company serve a wide market.
Global Presence:
The company has expanded its operations globally, with a presence in various
countries. This international presence allows Macleods to tap into different markets
and potentially increase its market share.
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Strong emphasis on research and development is crucial for pharmaceutical
companies. If Macleods invests significantly in R&D, it would likely result in the
development of new and innovative drugs, contributing to the company's long-term
success.
Weakness of Macleods Pharmaceuticals:
The Pharmaceutical companies, here are some potential weaknesses that could apply:
Regulatory Challenges:
The pharmaceutical industry is highly regulated, and companies need to comply with
various local and international regulations. If Macleods faces challenges in
maintaining regulatory compliance, it could impact the approval and marketing of its
products.
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Continue to expand into new international markets to increase the company's
geographic reach and tap into emerging markets with growing healthcare needs.
R&D Innovation:
Invest in research and development to discover and develop new drugs or improve
existing formulations. This could lead to a competitive advantage and the introduction
of innovative healthcare solutions.
Strategic Partnerships and Collaborations:
Form strategic partnerships with other pharmaceutical companies, biotech firms, or
research institutions to share expertise, resources, and access to new technologies or
drug candidates.
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Stringent and evolving regulatory requirements in the pharmaceutical industry can
pose challenges. Changes in regulations or compliance issues may affect product
approvals, manufacturing processes, and market access.
Intellectual Property Issues:
Increased competition and the expiration of patents for key drugs can lead to the entry
of generic alternatives, impacting market share and revenue.
Market Competition:
Intense competition within the pharmaceutical industry from both established
companies and new entrants can lead to price wars, reduced profit margins, and a
need for continuous innovation to stay competitive.
Drug Pricing Pressures:
Government regulations and payer policies may put pressure on drug pricing,
affecting the company's ability to maintain profitable pricing structures.
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growth. Investing in research and development to create innovative, branded products
is crucial for long-term success.
6.Supply Chain Disruptions: The global pandemic and geopolitical tensions have
highlighted the vulnerability of global supply chains. Finding reliable and cost-
effective sources of raw materials and ensuring efficient logistics amidst disruptions is
a ongoing challenge.
3.REVIEW OF LITERATURE
Thajer, Alexandra,The safety, tolerability, pharmacokinetics and efficacy of most
drugs used in pediatrics have not been studied in different age groups and are
administered “off-label use”. Clinical pediatric drug trials require specific and
stringent compliance with laws, regulations, guidelines, and patient/parent/public
involvement, which in turn increases resource use and makes support useful from a
medical, qualitative, economic, and system perspective.
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Reji K. Joseph, Aspects of Intellectual Property Rights (TRIPS). Two amendments
were significant: introduction of product patent regime covering the area of
pharmaceuticals, replacing the process patent regime existing earlier, and increase in
patent term for pharmaceutical patents to 20 years, from the earlier 5–7 years (5 years
from sealing of patent or 7 years from the date of application, whichever was lower).
India’s pre-TRIPS patent regime that did not allow product patents in the
pharmaceutical sector provided the impetus for the emergence of a generic
pharmaceutical industry from the 1980s.
Ruchira Sarkar, Although the major generic companies are all producers of generic
medicines, they continued to invest sizeable shares of their sales turnover in research
and development (R&D). They have been active in taking patents, but their filings in
foreign jurisdictions were significantly higher.
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representative, Sponsorship, Literatures and reminders of Pharmaceutical companies,
Medical representative’s Knowledge, Medical camp and Customer Relationship
Management, these are few pharmaceutical promotional tools to promote their brands.
The study was conducted with self-administered structured questionnaires and data
collected till response rate reach to the desired sample size.
Bogochanova, The social and economic role of medicines in the Russian healthcare
system is highly important. Last years, the pharmaceutical market is growing fast and
it is expected to reach $36.61 billion by 2021. The high profitability and rapid
development of the industry is correlated with government state supportive programs
and strong state policies. But for further sustainable functioning, pharmaceutical
market needs effective state regulation.
Thomas, J. J. (2008). This chapter discusses current and future trends in innovation
in China and India in the context of globalization of R&D, with a focus on
pharmaceuticals and biotechnology industries.
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4.ANALYSIS
Causes :
MacLeod Pharmaceuticals is a fictional company, and there may not be specific
information available about it. However, if you are asking about potential reasons or
factors that could lead to the success or challenges of a pharmaceutical company in
general, here are some common considerations:
Research and Development (R&D):
The ability to innovate and develop new drugs or improve existing ones is crucial for
pharmaceutical companies. Successful R&D can lead to the creation of blockbuster
drugs, contributing significantly to the company's revenue.
Regulatory Approvals:
The pharmaceutical industry is heavily regulated, and obtaining approvals from health
authorities is critical. Delays or rejections in the approval process can impact a
company's success.
Market Competition:
The pharmaceutical market is highly competitive. Companies need to differentiate
themselves through the development of unique and effective drugs, as well as
effective marketing strategies.
Intellectual Property:
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Patents play a vital role in protecting a pharmaceutical company's innovations. The
expiration of patents can lead to increased competition from generic drug
manufacturers, impacting sales and profits.
Global Expansion:
Expanding into new markets and regions can open up opportunities for growth.
However, adapting to different regulatory environments and market dynamics is
essential for success.
Quality Control:
Maintaining high-quality standards in the manufacturing process is crucial to ensure
the safety and efficacy of pharmaceutical products.
Supply Chain Management:
Efficient supply chain management is essential for timely production and distribution
of pharmaceuticals. Disruptions in the supply chain can lead to shortages and impact
the company's performance.
5.FINDINGS
EFFECTS
Financial effects:
Recent product recalls:
Macleods has had a few product recalls in the US due to manufacturing issues. This
could lead to financial losses due to product replacement, fines, and reputational
damage.
Competition:
The pharmaceutical industry is highly competitive, and Macleods faces competition
from both domestic and international players. This can put pressure on prices and
margins.
Government regulations:
The pharmaceutical industry is heavily regulated, and changes in regulations can
impact Macleods' business. For example, stricter price controls could reduce
profitability.
Operational effects:
Supply chain disruptions:
The COVID-19 pandemic has caused disruptions in the global supply chain, which
could impact Macleods' ability to source raw materials and manufacture products.
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Manufacturing issues: The recent product recalls highlight potential issues with
Macleods' manufacturing processes. This could lead to increased costs and production
delays.
Employee morale:
The recent recalls and other challenges could impact employee morale and
productivity.
Product recalls:
Product recalls can damage a company's reputation, leading to decreased consumer
trust and loyalty.
Quality concerns:
The recent recalls raise concerns about Macleods' quality control measures. This
could damage the company's reputation for producing safe and effective medications.
Negative media coverage:
Any negative news about Macleods could damage its reputation and public image.
6.Suggestions
Solutions:
Here are some general aspects and potential solutions related to Macleods
Pharmaceuticals:
Product Range:
Macleods Pharmaceuticals is known for its diverse range of pharmaceutical products.
Explore their product portfolio to understand the various therapeutic areas they cover.
Research and Development:
Investigate their research and development initiatives. Companies that invest in R&D
often bring innovative products to the market.
Quality Control and Compliance:
Assess the company's commitment to quality control and adherence to regulatory
standards. High-quality manufacturing practices are crucial in the pharmaceutical
industry.
Market Presence:
Explore the markets where Macleods Pharmaceuticals operates. Understanding their
geographical reach and market share can provide insights into their competitiveness.
Collaborations and Partnerships:
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Look into any collaborations or partnerships with other pharmaceutical companies,
research institutions, or healthcare organizations. Such collaborations may indicate a
commitment to growth and innovation.
Financial Performance:
Review the company's financial reports to gauge its financial stability and
performance. Positive financial indicators may suggest a well-managed and
sustainable business.
Corporate Social Responsibility (CSR):
Investigate the company's CSR activities and initiatives. A commitment to social
responsibility may reflect positively on its corporate values.
Employee Reviews:
Explore employee reviews on websites like Glassdoor to get a sense of the company's
work culture and employee satisfaction.
7. CONCLUSION
Macleods Pharmaceuticals has a good foundation but needs to adapt to the changing
landscape. Investing in R&D, expanding into high-growth segments, and addressing
regulatory concerns will be key to their long-term success. Their ability to overcome
these challenges and capitalize on the opportunities mentioned above will determine
their future trajectory and competitive advantage.
The company's commitment to research and development, quality control, and
compliance with regulatory standards underscores its dedication to delivering high-
quality pharmaceuticals. Macleods Pharmaceuticals' market presence, collaborations,
and financial stability position it as a competitive player in the industry. Additionally,
exploring employee reviews and corporate social responsibility initiatives can provide
a more comprehensive understanding of the company's values and work culture. To
obtain the most up-to-date information, it is recommended to check the latest sources
and reports on Macleods Pharmaceuticals for any recent developments or changes in
the company's status.
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8.REFERENCES
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Sandip Solanki, "Impact study on various promotional practices done by
pharmaceutical companies on doctor's prescription behavior." (2021).
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