The Dercum’s Disease Market is characterized by the presence of many global, regional, and local vendors catering to the demand created by research scientists and pharmaceutical and biotechnology companies operating in the industry. The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached across the globe with diverse product portfolios. Companies such as Johnson & Johnson Services, Inc (US), Pfizer Inc (US), Abbvie, Inc (US), and Novartis International AG (Switzerland) dominate the Dercum’s Disease Market due to product differentiation, financial stability, strategic developments, and diversified regional presence.
The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.
One of the primary business strategies adopted by manufacturers in the global dercum’s disease industry to benefit clients and expand the dercum’s disease market sector is to manufacture locally to reduce operating costs.
Johnson & Johnson Services, Inc. (J&J Services) manufactures medical devices for various specialties such as orthopedics, cardiovascular diseases, and many others. J&J Services has acquired and merged with various other companies to expand its portfolio of endoscopic devices, pharmaceutical, and consumer health products. The company operates through its various subsidiary Janssen Pharmaceutica, Neutrogena, DePuy Synthes Companies, Ethicon Inc., Janssen-Cilag, Actelion, LifeScan, Inc., Johnson & Johnson Vision Care, Inc., and others. Under its Johnson & Johnson Surgical Vision business, the company offers different eye care products which include contact and intraocular lenses, under the ACUVUE brand.
Also, Pfizer Inc. (Pfizer) is a leading research-based biopharmaceutical company that applies science and resources to provide innovative treatments that extend and significantly improve lives. Pfizer discovers, develops, manufactures, and sells healthcare products worldwide. It operates through two segments: Pfizer Innovative Health (IH) and Pfizer Essential Health (EH). It also provides sterile injectable pharmaceuticals, biosimilars, active pharmaceutical ingredients (APIs), and contract manufacturing services. Pfizer sells its products through wholesalers, retailers, hospitals, clinics, government agencies, and pharmacies. It has major manufacturing facilities in India, China, Japan, Ireland, Italy, Belgium, Germany, Singapore, and the US.
Furthermore, the company supplies its products in North America, South America, Asia-Pacific, Australia, Europe, Africa, and the Middle East.