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Pfizer Inc., Johnson & Johnson, Novartis AG, Bayer HealthCare, Merck & Co., Inc., GlaxoSmithKline plc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd, AstraZeneca, Bristol-Myers Squibb Company, and Sanofi-Aventis U.S. LLC, among others, are the major players in the United States healthcare advertising market.
The United States healthcare advertising market size reached a value of almost USD 20.8 billion in the year 2020. The market is further expected to grow at a CAGR of 4.8% between 2021 and 2026 to reach a value of almost USD 26.5 billion by 2026.
Healthcare advertising is the promotion of healthcare and pharmaceutical products to the public with the goal of raising public knowledge about various conditions and the various treatments and procedures available on the market. Prescription medicine advertisements are driving the healthcare advertising sector in the United States. To increase their consumer reach, many pharmaceutical businesses have begun promoting through various channels such as multiple synchronised communication channels.
As a result, the sector is growing and is likely to continue to grow during the forecast period. The increasing potential presented by online direct-to-consumer drug advertising to several pharmaceutical marketers is driving the healthcare advertising sector in the United States. As a result, they have begun to focus their marketing efforts on digital channels such as product websites, online display advertising, and social media campaigns. Furthermore, Google has made it possible to market prescription pharmaceuticals, addiction services, HIV home tests, and clinical trial recruiting across the country, further boosting the industry's expansion.
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Headquarters: | New Brunswick, New Jersey, United States |
Establishment: | 1886 |
Website: | https://www.jnj.com/ |
Johnson & Johnson is a prominent and world’s largest healthcare company providing life-changing breakthroughs all over the globe. The company has expanded its operations to more than 60 countries across the world. The company seeks to function with the highest standards of business conduct and transparency through every communication with consumers, patients, HCPs, and all other stakeholders. It aims to expand access and generate healthier communities for every individual with easy reach. Its sales and marketing efforts seek to precisely inform consumer choices and health decisions.
Headquarters: | New York, United States |
Establishment: | 1849 |
Website: | https://www.pfizer.com/ |
Pfizer is a leading research-based biopharmaceutical company. It is one of the biggest brands in the vaccine industry. Pfizer Global Policy adheres to all applicable laws and regulations and industry standards, while maintaining the highest ethical standards of reporting on the marketing, sales and research and development operations. It is committed to promoting its products responsibly and reporting about its business practices in a fashion that promotes transparency.
Headquarters: | Basel, Switzerland |
Establishment: | 1996 |
Website: | https://www.novartis.com/ |
Novartis AG is one of the top global pharmaceutical companies and is reimagining medicine to save and improve the lives of individuals. The company uses innovative technology and science to report some of the most challenging healthcare issues in society. It further develops and discovers revolutionary treatments and finds innovative approaches to provide them to as many people as possible. The company also focuses to reward those who devote their time, money, and ideas to the company.
Headquarters: | Kenilworth, New Jersey, United States |
Establishment: | 1891 |
Website: | https://www.merck.com/ |
Merck & Co., Inc. is a prominent pharmaceutical healthcare company that provides advanced health solutions by bringing forward vaccines and medicines for various challenging diseases across the world. The company is leading in the research to prevent and treat various diseases that threaten animals and people incorporating cancer, infectious diseases like Ebola, HIV, and emerging animal diseases. The company aims to practice the power of leading-edge science to enhance and save lives across the globe.
Headquarters: | Leverkusen, Germany |
Establishment: | 1863 |
Website: | https://www.bayer.com//td> |
Bayer HealthCare is a worldwide enterprise that holds essential capabilities in the field of life science in agriculture and health care. The corporate culture of Bayer is a significant aspect of the success of the company. The company is focused on ethical sales as well as marketing practices that encounter the benchmark set by codes of practices and external regulations. It strives for clarity, accuracy, transparency, and consistency of information for communication through advertisements.
Headquarters: | New Jersey, United States |
Establishment: | 1994 |
Website: | https://www.sanofi.com/ |
Sanofi-Aventis U.S. LLC is a worldwide leading life sciences company devoted to expanding access to healthcare. It is present in over 90 countries, with more than 1,00,000 employees under it. As a global pharmaceutical company, Sanofi ensures compliant and ethical marketing as well as ethical interaction with healthcare professionals and patients by adhering to the codes on promotional activities governing the industry worldwide.
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