GDP share of pharmaceutical sales Philippines 2018-2024
Overview of pharmaceuticals’ production in the Philippines
Before any drugs are supplied in the market, they are formulated or manufactured in different laboratories across the country. As of 2012, there were about 16 pharmaceutical manufacturing companies in the CALABARZON region of the Philippines, supplying pharmaceuticals both for wholesale and retail sales. Notably, the number of pharmaceutical companies in the region has increased compared to 2006, overtaking that in the National Capital Region (NCR).The increase in manufacturing companies in the CALABARZON region has created more jobs and employment opportunities in that region. In 2012, approximately 4.5 thousand employees were working for pharmaceutical manufacturing companies.