In 2016, multinational companies accounted for almost 56 percent of the Philippines' entire cardiovascular medicines sales. By comparison, local companies, including Unilab's market share, is lesser in that same year but has been significantly increasing in the past ten years.
Market share of corporations in the cardiovascular medicines sales in the Philippines from 2007 to 2016, by type
According the Philippine domestic pharmaceutical market is segmented into three license types of drugs:
(1) originators; (2) branded generics; and (3) unbranded generics. IQVIA defines originators as those drugs that are first to launch within a single or combined molecule. Meanwhile, branded generics, have the same molecule as the originator. Unbranded generics are those that carry the name of the molecule followed by its manufacturer.
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IPCC. (June 8, 2020). Market share of corporations in the cardiovascular medicines sales in the Philippines from 2007 to 2016, by type [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1196454/philippines-share-of-corporations-in-cardiovascular-medicines-by-type/
IPCC. "Market share of corporations in the cardiovascular medicines sales in the Philippines from 2007 to 2016, by type." Chart. June 8, 2020. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1196454/philippines-share-of-corporations-in-cardiovascular-medicines-by-type/
IPCC. (2020). Market share of corporations in the cardiovascular medicines sales in the Philippines from 2007 to 2016, by type. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1196454/philippines-share-of-corporations-in-cardiovascular-medicines-by-type/
IPCC. "Market Share of Corporations in The Cardiovascular Medicines Sales in The Philippines from 2007 to 2016, by Type." Statista, Statista Inc., 8 Jun 2020, https://www.statista.com/statistics/1196454/philippines-share-of-corporations-in-cardiovascular-medicines-by-type/
IPCC, Market share of corporations in the cardiovascular medicines sales in the Philippines from 2007 to 2016, by type Statista, https://www.statista.com/statistics/1196454/philippines-share-of-corporations-in-cardiovascular-medicines-by-type/ (last visited November 04, 2024)
Market share of corporations in the cardiovascular medicines sales in the Philippines from 2007 to 2016, by type [Graph], IPCC, June 8, 2020. [Online]. Available: https://www.statista.com/statistics/1196454/philippines-share-of-corporations-in-cardiovascular-medicines-by-type/
