PharmaBoardroom - The Department of Health (DOH), Philippines (2024)

FAQs

What is the richest pharmaceutical company in the Philippines? ›

Unilab is initially known as United Laboratories.,Inc.,is private pharmaceutical company in Philippine. Now Unilab is the largest pharmaceutical company in the Philippines in terms of market share,and its portfolio includes some of the biggest prescription and consumer healthcare brands.

The Filipino pharmaceuticals is one of the fastest growing industries in the country and has grown year to year. Of the world's Top 20 pharmaceutical companies, over 14 have manufacturing facilities in the Philippines.

In 2024, the projected revenue in the Pharmaceuticals market in the Philippines is expected to reach US$1,806.00m. The largest market within this market is Oncology Drugs, with a projected market volume of US$302.90m in the same year.

1. Pfizer Inc (US) Pfizer is the world's largest research-based pharmaceutical company. Its research headquarters are located in Groton, Connecticut, America.

Leon Maria Guerrero: the Father of Philippine Pharmacy.

The Philippine pharmaceutical industry remains dominated by multinational companies (MNCs) such as GlaxoSmithkline Philippines, Pfizer, Wyeth, Abbott Laboratories, Novartis, Astrazeneca, Sanofi-Aventis, Johnson & Johnson, Boehringer Ingelheim, Roche, Bristol Myers Squibb, Bayer, Schering Plough, MSD, Servier ...

In 2021, there were over 67 thousand licensed drug establishments in the Philippines, about 53 thousand were drugstores. Among the leading drugstores in the country were The Generics Pharmacy and Mercury Drug. On the other hand, there were about 9,606 thousand drug distributors and 398 manufacturers in the country.

The Philippines has a fast-growing pharmaceutical market, with total sales of about 236 billion Philippine pesos in 2022. About 90 percent of sales are supplied through. Meanwhile, ethical products or prescribed medicines account for about 70 percent of the market, followed by over-the-counter (OTC) drugs.

Is there a shortage of pharmacists in the Philippines? ›

"We only talk about the nursing shortage, but we have a shortage of pharmacists, physical therapists, occupational therapists, everything that makes a health system sustainable, we have a shortage," she said at the start of the Senate's deliberations on the proposed national government budget for 2024.

The pharmaceutical industry has contributed more than twice as much towards the economic growth of the country, equaling more than USD 2.9 billion since 2014. Secretary of Health Paulyn Jean B.