IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiy2021i1p677-683.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%204/31.pdf
    Download Restriction: no
    ---><---

    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. 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.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gabriela Andrisan & Andra Modreanu, 2021. "The Chain Reactions of Business Models and Strategies," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 449-454, August.
    2. Sorin-George Toma & Stefan Catana, 2021. "Linking Customer Experience With The Extended Marketing Mix," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 105-109, October.
    3. Alaa M. Ubaid & Fikri T. Dweiri & Udechukwu Ojiako, 2020. "Organizational excellence methodologies (OEMs): a systematic literature review," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(6), pages 1395-1432, December.
    4. Varun Mahajan & D. K. Nauriyal & S. P. Singh, 2020. "Domestic market competitiveness of Indian drug and pharmaceutical industry," Review of Managerial Science, Springer, vol. 14(3), pages 519-559, June.
    5. Aithal, Sreeramana, 2021. "Business Excellence through the Theory of Accountability," MPRA Paper 107894, University Library of Munich, Germany, revised 15 May 2021.
    6. Sorin-George Toma & Stefan-Alexandru Catana & Catalin Gradinaru, 2022. "Competitive Business Strategies In Global Retailing: The Case Of Wal-Mart," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 106-112, February.
    7. Andra Modreanu & Sorin-George Toma, 2023. "A Brief Analysis Of Social Media Brand Content And Strategy During The Covid-19 Pandemic," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 234-239, February.
    8. Nicoleta Petrică, 2020. "Remanufactured products – study case of bucharest employees," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 32(1), pages 98-115, December.
    9. Alaa M. Ubaid & Fikri T. Dweiri & Udechukwu Ojiako, 0. "Organizational excellence methodologies (OEMs): a systematic literature review," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 0, pages 1-38.
    10. Loredana Nicoleta Zainea & Paul Marinescu & Dragos Tohanean, 2019. "Volunteering, A Key Factor to Increase the Employment Rate, in the European Context," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 30(1), pages 181-190, December.
    11. Stefan Catana & Sorin-George Toma, 2021. "Marketing Mix in Healthcare Services," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 485-489, August.
    12. Marius Savin & Cristina Veith, 2019. "Performant Management Through The Introduction of The Lean Six Sigma Methodology in the Hospitals In Romania Case Study Municipal Emergency Hospital Moinesti," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 30(1), pages 72-81, December.
    13. Sorin-George Toma, 2023. "China’S Economic Growth Under The Rule Of Xi Jinping," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 114-120, February.
    14. Stefan-Alexandru CATANA & Sorin-George TOMA, 2022. "Basics Of Marketing Simulations ? Markstrat Simulator," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 224-229.
    15. Modreanu Andra & Gabriela Nicoleta Andrisan, 2022. "An Overview Of The Typology Of Strategy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 206-211, February.
    16. Andreea Stoica & Aurora Cosma & Andreea Tudor & Laura Agata Èšoc & Alina Petre, 2020. "Covid-19 pandemic and the employees experience: motivation of the staff within an event organizing company," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 32(1), pages 130-137, December.
    17. Cristina Bolcaș & Vladimir-Codrin Ionescu, 2020. "Management’s attitude towards the crisis - a supporting factor for change and designing a strategic vision," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 32(1), pages 21-27, December.
    18. Miriam Jankalová & Radoslav Jankal, 2020. "How to Characterize Business Excellence and Determine the Relation between Business Excellence and Sustainability," Sustainability, MDPI, vol. 12(15), pages 1-25, July.
    19. Sorin-George Toma & ?tefan Catana, 2022. "The Evolution Of The Largest Companies Operating In Romania In The Period 2016-2020," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 155-162.
    20. Gabriela Nicoleta Andri?an & Andra Modreanu, 2022. "Business Strategy: An Overview Of The Last Century," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 37-44.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:677-683. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.