Tackling health scares via research and education, 1. Johnson & Johnson (J&J) is a global giant based in New Brunswick, New Jersey, specializing in pharmaceuticals, medical gadgets, and consumer products. The company produces new medicines regularly. Of the $101.3 billion, Paxlovid could contribute $24.2 billion, and Comirnaty set at $29.7 billion. It has 250 subsidiary companies, with operations in 60 countries and its products are sold in over 170 countries. [. This report is shared in order to give you an idea of what the complete M&A Report and Analysis Report will cover after purchase. It is a handy technique to map out the present Strengths (S), Weakness (W), Opportunities (O) & Threats (T) Johnson & Johnson is facing in its current business environment. Our daily ratings and market update email newsletter. It has about 250 subsidiary companies and has its business operations in about 60 countries. Biogen is an American multinational biotechnology company. For different referencing styles and detailed guidelines, please click here. Due to their global reach, Novartis is considered as one of the top Johnson & Johnson competitors. Your email address will not be published. In 2021, Novartis had around 110,000 employees and generated $49.89 billion in revenue. Even though Johnson & Johnson is spending above the industry average on Research and Development, it has not been able to compete with the leading players in the industry in terms of innovation. These strengths not only help it to protect the market share in existing markets but also help in penetrating new markets. This should open a window of opportunity for Johnson & Johnson in other product categories. Through the competitive profile matrix, companies can find out - which are the areas where they need to be strong in, and which are the ones where they need to improve. Days inventory is high compare to the competitors making the company raise more capital to invest in the channel. Boston Scientific is one of the top Johnson & Johnson competitors in the medical devices sector. Decreasing cost of transportation because of lower shipping prices can also bring down the cost of Johnson & Johnsons products thus providing an opportunity to the company - either to boost its profitability or pass on the benefits to the customers to gain market share. Ticker Symbol & Exchange JNJ (NYSE) Revenue (2023) $94.9B 13.6% (2023 vs 2022) EPS XXX. A Swiss pharmaceutical company, Novartis is headquartered in Basel, Switzerland. Both Merck and J&J offer pharmaceuticals. Johnson & Johnson (J&J) is a global giant based in New Brunswick, New Jersey, specializing in pharmaceuticals, medical gadgets, and consumer products. In 2021, Pfizer had around 79,000 employees and made $81.28 billion in revenue. Please refer to the Terms and Conditions for usage guidelines. All rights reserved. Novartis is one of the top Johnson & Johnson competitors. Johnson & Johnson presently has a consensus target price of $174.73, indicating a potential upside of 14.53%. J&J expanded its offering and market presence globally for over 135 years. Organon is the newest J&J competitor and the best alternative for women. Johnson & Johnson is the largest and #1 pharmaceutical companies of the world. Consumer Products, Medical equipment and Pharmaceuticals. Based on table above, the competitive profile matrix reveals that P&G is the strongest player in the industry with relative strength in financial profit, market share and product quality. But BMS stands out from the crowd thanks to its quality control standards. Thrust on focusing its efforts towards a green Earth, Johnson & Johnson Porter's Five Forces Analysis, Johnson & Johnson Covid-19 Impact Analysis, Johnson & Johnson Segmentation, Targeting and Positioning (STP) Analysis. No. It represent a great opportunity for Johnson & Johnson to drive home its advantage in new technology and gain market share in the new product category. The company gets help from two business segments, Pfizer Innovative Health and Pfizer Essential Health to manage its commercial operations. Procter and Gamble is an American multinational company that produces personal care products, cleaning agents, beauty care products, healthcare products, and diagnostics. The company expanded its brand by selling equipment that is manufactured by other companies and also develop some custom-made devices. Johnson & Johnson is an American consumer products, medical equipment and pharmaceutical manufacturing company founded in 1886. The Companys Healthcare Services offers services and solutions that will focus on engagement, health analytics, and clinical services. Cuts down my effort to surf through heaps of redundant data.-Alexandra MookiMajor in Business Administration, Carnegie Mellon University, This website has an amazing support team. MarketBeat recorded 21 mentions for Johnson & Johnson and 17 mentions for Eli Lilly and. Which Dollar Store, If Any, is Worth Your Investment Dollars? It is a global enterprise with its main skills in the Life Science fields of agriculture and healthcare. Also Read Top 7 Fitbit Competitors - Fitbit Alternatives. Novartis produces medicines for cardiovascular, neuroscience, dermatology, respiratory, urinary, eye problems, and infectious diseases. As for Stenora Pharma they have to look at all the competitors as this is one of the competitive markets and they have to bring all their strengths . The company was founded in 1886 by brothers Robert, James, and Edward Johnson to manufacture sterile surgical dressings. Successful track record of integrating complimentary firms through mergers & acquisition. #LCSM https://t.co/Xhy4au8XoE pic.twitter.com/5zewrIKfzZ, Year founded: 1896 Headquarter:Basel, Switzerland. [14], Our digital ecosystems in #healthcare bring together data-driven insights across all points of care. This report is shared in order to give you an idea of what the complete Key Performance Indicators (KPI's) Report will cover after purchase. But Bayer also offers seeds, pesticides, fungicides, and insecticides for agriculture. In 2021, Roche had 100,920 employees and generated $64.6 billion in sales. of which sell the products to consumers. #HSAwareness pic.twitter.com/h4D1Bd6BHW, Year founded: 1668 Headquarter:Rahway, New Jersey. You can email us to get an example document of Weighted SWOT analysis. Their products mainly include chemically synthesized drugs and various medicines produced from biological processes called biologics. What does that mean for them?https://t.co/BHOtzDQNKxWatch the video to learn more. Organon was a pioneer in contraception and fertility solutions. Johnson & Johnson is investing huge resources in training and development of its employees resulting in a workforce that is not only highly skilled but also motivated to achieve more. Boston Scientific Corporation is a producer of various medical devices that are used in medical specialty treatments like interventional radiology, cardiology, oncology, endoscopy, gynecology, and urology. pic.twitter.com/F645qiPOyP, Year founded: 1873 Headquarter:London, England. GSK manufactures medicines for infections and diseases, such as diabetes, asthma, and malaria. The split will reduce Mercks revenue by $6.53 billion. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. In 2021, Bayer had 99,637 employees and made $51.3 billion in revenue. Biogen is a worthy alternative to J&J for therapeutics. pic.twitter.com/iLK50dIqw5. As a CDMO, Novartis will expand its contract manufacturing of enzymes, proteins, and antibiotics via its Global Biotech Co-operations (GBTC) unit. Address One Johnson & Johnson Plaza, New Brunswick, New Jersey, 08933. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. Their products marketed internationally include those produced in the U.S. and by subsidiaries abroad. Enjoys a healthy brand equity in the minds of shareholders: The Company has $72 billion in revenue and coupled with its solid balance sheet across the last 4 quarters makes the New Jersey-based health care giant the first choice of many mutual fund portfolios. In 2021, Merck had around 74,000 employees and generated $47 billion in revenue. The matrix is only a starting point for a discussion on how proposed strategies could be implemented. Johnson & Johnson owns several consumer brands, including. It has an excellent R&D wing that continuously produces and innovate products. [, century, making it the oldest existing pharmaceutical company globally. The SWOT Analysis framework helps an organization to identify the internal strategic factors such as -strengths and weaknesses, & external strategic factors such as - opportunities and threats. It was established in the year 1886 and headquartered in New Jersey. The monoclonal antibody attracted Berkshire Hathaway, which bought, In Jun 2021, the drug received FDA approval under the name Aduhelm. SWOT is a static assessment - analysis of status quo with few prospective changes. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. The company has around 113,000 employees and sells its life-changing products in more than 160 countries. Share your thoughts and experiences in the comments section below. GlaxoSmithKline is one of the top Johnson & Johnson competitors in the pharmaceutical sector. Copyright 2023. Roche is the worlds leading supplier of cancer medicines. Boston Scientific and J&J operate in the healthcare sector. Bristol Myers Squibb is one of the best alternatives to J&J in the pharmaceutical sector. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. P&G reported an increase in revenue in five consecutive years. 2.1. But Boston Scientific specializes in medical devices for radiology, cardiology, oncology, endoscopy, gynecology, and urology. O. E. Williamson, Markets and Hierarchies(New York: Free Press, 1975); L. Wrigley, Divisional Autonomy and Diversification (PhD, Harvard Business School, 1970), R. E. White, Generic Business Strategies, Organizational Context and Performance: An Empirical Investigation, Strategic Management Journal7 (1986). Its the second-largest biopharma company globally after J&J. This method is called Weighted SWOT analysis. It provided an evaluation window but not an implementation plan based on strategic competitiveness of Johnson & Johnson. Comparatively, Eli Lilly and has a beta of 0.35, meaning that its stock price is 65% less volatile than the S&P 500. Boston Scientific is one of the top Johnson & Johnson competitors in the medical devices sector. SWOT & PESTLE.com (2023). Prepare and explain a Competitive Profile Matrix (CPM) that includes Johnson & Johnson, Colgate-Palmolive and Procter & Gamble (20 Marks . Boston Scientific manufactures medical devices for specialty treatments. It provides a great opportunity for the organization to build new revenue streams and diversify into new product categories too. The presence of a substitute in the market will bring down revenues considerably. Even though the product is a success in terms of sale but its positioning and unique selling proposition is not clearly defined which can lead to the attacks in this segment from the competitors. I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. In 2021, Imbruvica made $5.4 billion. Company Name, Ticker, Competitors, else.. despite revenue deterioration, Johnson And Johnson increased its market share in this segment. Roche is the worlds leading supplier of cancer medicines. Save my name, email, and website in this browser for the next time I comment. $53.7B. Availability of cheap substitutes and low priced competitors. View which stocks are hot on social media with MarketBeat's trending stocks report. Northern Technologies International Corporation. The SWOT analysis of Johnson & Johnson is employed to assess the companys competitive stance by recognizing its internal strategic factors like strengths and weaknesses, external strategic factors like opportunities and threats. The company has around 46,000 employees and sells medical devices globally. Should you be buying Johnson & Johnson stock or one of its competitors? The intensive growth strategies adopted by Johnson Johnson to achieve growth targets include- market penetration, product development, market development and diversification. [online] Available at: https://www.swotandpestle.com/johnson-johnson/ [Accessed 01 Mar, 2023]. In 2021, GSK had 99,000 employees and generated $46 billion in revenue. The company was one of the pioneers of targeted treatments and produced several antiretroviral drugs. Medtronic is the top alternative to J&J for medical devices. Johnson & Johnson. COMPETITIVE PROFILE MATRIX (CPM) AS A COMPETITORS' ANALYSIS TOOL: A THEORETICAL PERSPECTIVE-Shanewaz Mahmood Sohel1 . In case you want this report emailed straight into your email inbox, kindly share your details below. of household, personal care and specialty products. It also produces devices for surgical procedures for head, spine, ear, nose, and throat. We are well-positioned for future growth, said Kevin Lobo, chair and CEO of Stryker. This report is shared in order to give you an idea of what the complete Environmental, Social, and Governance (ESG) Analysis Report will cover after purchase. 1. contact@marketbeat.com [3], Mike McDermott, Chief Global Supply Officer, EVP, received the 2022 Deeds, Not Words Leadership Award. Order custom Harvard Business Case Study Analysis & Solution. Due to their strong brand presence and financials, Bayer is considered as one of the top Johnson & Johnson competitors. Its pharmaceutical arm, Janssen, develops and distributes medicines, vaccines, and therapeutic treatments. Eli Lilly and has a consensus target price of $378.25, indicating a potential upside of 19.64%. Changes in Foreign Currency Exchange rates, 1. Perrigo Company plc SWOT & PESTLE Analysis, Chugai Pharmaceutical Co. Ltd. SWOT & PESTLE Analysis, Helix Energy Solutions Group Inc. SWOT & PESTLE Analysis, Cox Communications SWOT & PESTLE Analysis, American Axle & Manufacturing Holdings (AAM) SWOT & PESTLE Analysis, 1. Johnson & Johnson has a beta of 0.54, meaning that its stock price is 46% less volatile than the S&P 500. The Growth Share matrix is a business portfolio management framework that helps group such as Johnson Controls in deciding - How to prioritize completely different companies. Organon is the newest J&J competitor and the best alternative for women. 326 E 8th St #105, Sioux Falls, SD 57103 In 2021, Merck had around 74,000 employees and generated $47 billion in revenue. Customized Solutions June 29, 2018 By Hitesh Bhasin Filed Under: Competitors. These companies are all part of the "pharmaceutical preparations" industry. Johnson and Johnson is one of the top-rated brands on the market. In 2021, AbbVie had around 50,000 employees and accumulated $56.2 billion in revenue. However, to outstand its rivals the company must invest more in Research & development to stay ahead in this highly competitive industry influenced by various external factors. Telephone 1 732 5242455. Due to their various innovative products and custom fit products, Himalaya is considered as one of the top Johnson & Johnson competitors. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. [, GlaxoSmithKline (GSK) is a British pharmaceutical company. The marketing of the products left a lot to be desired. Their medicines cater to various kinds of treatments like cardiovascular, oncology, HIV infection, virology and many more. This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. Learn more: https://t.co/Ow9EITmkbJ pic.twitter.com/VCI5a5qiMa, Year founded: 1941 Headquarter:Kalamazoo, Michigan, Stryker is a multinational medical technologies corporation. Top 15 HelloFresh Competitors & Alternatives, Top 11 ServiceNow Competitors & Alternatives, Top 10 Polaris Slingshot Competitors & Alternatives, Top 15 Affirm Competitors and Alternatives, Top 20 Spotify Competitors and Alternatives. With their strength in diagnostics and pharmaceuticals, the company is prepared well to promote personalized healthcare. [2]. Our highest priority is getting children the safe, high-quality formula they need, and releasing this product will help families impacted by the lack of available EleCare: https://t.co/nwbLrigFHz pic.twitter.com/mCo6EpJBRM, Year founded: 2013 Headquarter:North Chicago, Illinois. M. E. Porter, Competitive Strategy(New York: Free Press, 1980), A. D. Chandler, Strategy and Structure (Cambridge, Mass. Grow your business. As Johnson & Johnson holds the strength in market share, brand reputation, financial position and global competition. Sign in to your free account to enjoy all that MarketBeat has to offer. In 2021, Roche was the leading biopharma company in oncology. Procter & Gamble is the top alternative to J&J for consumer products. Analyses published by us above may not totally reflect the company's opinions, reader's discretion is advised. Competition exists in all product lines without regard to the number and size of the competing companies involved. But its pricing created controversy, prompting Berkshire to cash out its investment. American Consumer News, LLC dba MarketBeat 2010-2023. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. Last week leaders from across the organization attended @CNN's #LifeItself where they shared how were putting people at the center to build a #FutureOfHealthTech that's more human: https://t.co/elZ0CP98zK pic.twitter.com/BYtpex1pyr, Year founded: 1888 Headquarter:Abbott Park, Chicago, Illinois, Abbott is a global healthcare leader that offers diagnostics, generic medicines, medical devices, and Nutritionals. Reputation, financial position and global competition in five consecutive years with their strength in diagnostics and pharmaceuticals, drug!, which bought, in Jun 2021, GSK had 99,000 employees and $... 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