Decoding Success: The SWOT Analysis of Pfizer

Updated on: Feb 7, 2024

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The SWOT analysis of Pfizer is a strategic tool that provides a comprehensive evaluation of the company’s business performance in relation to its competitors and the industry at large.

This analysis specifically concentrates on Pfizer’s advantages, internal strengths, and weaknesses, as well as the external opportunities and threats it encounters.

The strengths and weaknesses are intrinsic factors influencing Pfizer, while the opportunities and threats constitute the external factors impacting Pfizer’s operations.

The SWOT analysis of Pfizer presented here is compiled from various research papers, providing a consolidated view of key statistics, thus eliminating the need for readers to sift through multiple pages for individual data points.

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About Pfizer

pfizer logo

Pfizer is the world’s largest company to be involved in the pharmaceuticals business. Pfizer is a Fortune 500 company with its headquarters in New York. The company was founded in 1849 by two German immigrants Charles F. Erhart and Charles Pfizer. 

Pfizer manufactures medicines and vaccines. It deals in medicines of cardiology, oncology, endocrinology, immunology, and neurology diseases. 

Pfizer provides a wide range of drugs and vaccines for a wide range of prescription products and satisfies a wide range of specifications. 

Real-world results revealing drastically decreased incidence rates of COVID-19 disease in persons completely vaccinated with the Pfizer-BioNTech COVID-19 Vaccine were released today by the Israel Ministry of Health (MoH), Pfizer Inc., and BioNTech SE.

Quick Stats About Pfizer

 

Founder Charles Pfizer and F. Erhart
Year Founded 1849
Origin New York
No. of Employees 83000 (2022)
Company Type Public
Market Cap USD 159.90 Billion (2024)
Annual Revenue USD 100.3 Billion (2022)
Net Income/ Profit USD 21.979 Billion(2021)

 

Services provided by Pfizer

Pfizer, a global healthcare leader, delivers cutting-edge pharmaceutical solutions and innovative medical advancements to improve and safeguard health worldwide

  • Medicines
  • vaccines for immunology
  • Oncology
  • Cardiology
  • Endocrinology
  • Neurology

Competitors of Pfizer

There are numerous players in the pharmaceutical, the top 5 competitors are as follows:

  • GSK plc
  • Merck & Co.
  • Vivus
  • Sangamo Therapeutics
  • Eli Lilly and Company

 

Buyer Persona of Pfizer

Buyer’s Persona

Name:

Fareena

Place:

Mumbai

Age:

20 years

Profession:

Pediatrician at a private clinic

Motivation

  • Providing quality care and improving health outcomes for children
  • Staying updated and competitive in the field
  • Enhancing professional reputation and credibility
  • Expanding patient base and referrals

Interest & Hobbies

  • Reading.
  • Yoga
  • Traveling

Pain Points

  • Keeping up with the latest medical research and guidelines
  • Managing patient expectations and satisfaction
  • Dealing with insurance and billing issues

Social Media Presence

  • Instagram
  • Pinterest
  • Facebook
  • Tinder

SWOT Analysis of Pfizer

SWOT, an acronym for Strengths, Weaknesses, Opportunities, and Threats, is employed in the SWOT analysis of Pfizer as a strategic instrument to assess and scrutinize the company’s market standing and overall business vitality.

The SWOT analysis of Pfizer is an essential strategic tool, employed by both well-established and nascent businesses, to delineate the most effective path for prospective expansion.

  • Strengths of Pfizer

  • Operating divisions of Pfizer are Specialty Care, Primary Care, Emerging Markets, Oncology, Established Products, Nutrition, Consumer Healthcare, Capsugel, and Animal Health.
  • Pfizer has many patents. Pfizer’s best-selling vaccine in the world is Prevnar 13.
  • More than 100,000 employees are a part of the organization.
  • The Brand name is strong and known globally.
  • Pfizer is the largest pharmaceutical corporation in the United States. It’s one of the Fortune 500’s companies. 
  • Being among the oldest pharmaceutical companies in the industry Pfizers has a base knowledge of the market.
  • The prestige of a pharmaceutical company determines how it is organized and promoted.
  • Pfizer has a massive Research and Development Department. It spends 8.1 USD on its R&D department.
  • Pfizer is the second-largest Pharmaceutical company in the world currently operating in 180 countries and thus has ensured a strong global footprint.
  • Pfizer has around 88300 employees. It spends a lot of money on training employees since trained employees are motivated and help to increase the productivity of the company.
  • Pfizer has one of the most extensive distribution networks of any pharmaceutical company.
  • Weaknesses of Pfizer

  • Compared to its competitors Pfizer spends less on Research and Development. It can make Pfizer weaker as Research & Development is the heart of a pharmaceutical company.
  • Pfizer’s major flaw is its unwillingness to compromise on pricing.
  • Because of its involvement in the largest healthcare fraud of making its drugs illegal, Pfizer’s image was negatively influenced.
  • Receiving tough competition from other major pharma brands limits the scope of market share growth.
  • Opportunities of Pfizer

  • Pfizer products have high demand in the world market because people are becoming more health-conscious. 
  • Pfizer can also acquire more companies to expand its business.
  • Strategic alliances with other firms will help Pfizer to create business space in developing countries.
  • Portfolio diversification can further improve profitability.
  • For the company, raising health awareness can be a fantastic opportunity.
  • Improvement in the distribution network and brand building.
  • The demand for immunity products is increasing and if fulfilled by the company then it will help in increasing the profitability.
  • If the growing demand for sanitizers and germ killers can be fulfilled then the company will be profitable.
  • Threats to the Pfizers

  • Regulation of the FDA can be a threat.
  • Fluctuation in the exchange rates can be a major threat cause
  • The economic slowdown in the world can be a threat.
  • The rising competition in pharmaceutical companies can be a cause of the threat.
  • Negative publicity of every company has always had a negative impact on the company’s public image.
  • Substituting products at cheaper rates can result in a decline in sales.
  • Economic recession in developing countries can result in a decline in sales.
  • There is intensive regulation by the government in the healthcare market. So, if Pfizer is developing a new product, but the government regulatory board in the region refuses to approve it, the product will be rejected.
  • There’s always a price war between the competitors which could lead to the pressure of reducing the prices. Ultimately, reducing the profit margin.

Pfizer’s Code of Conduct:

Pfizer has always been dedicated to its Transparency policies to make the efforts public. It sticks to its code of conduct in order to comply with the regulations while fostering with the NGOs, other foundations, government, etc.

Pfizer’s code of conduct has been very vividly explained and presented in The Blue Book. The book describes how the people at Pfizer work with their four core values – Courage, Excellence, Joy, and Equity.

They believe that breaking the code harms not only their company but also their patient, customers, and the community at large. Violating the code or policies results in disciplinary action up to and including termination of employment.

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Conclusion

In the SWOT analysis of Pfizer, it is evident that the company has been performing exceptionally well, maintaining a positive public image, and establishing itself as a significant contender in the market despite the presence of numerous competitors such as Merck & Co., Novartis AG, Eli Lilly & Co., Bristol Myers, and Johnson & Johnson.

Pfizer’s continued presence in the pharmaceutical industry can be attributed to its superior marketing strategies. 

Hence, the marketing strategies of Pfizer, as revealed through the SWOT analysis of Pfizer, have been instrumental in preserving its competitive stance in the market. This underscores the growing significance of marketing proficiency in today’s business landscape.

Companies are progressively reallocating their advertising budgets from conventional marketing methods to sophisticated digital marketing strategies. Consequently, these companies are seeking digital marketers to assist them in maintaining their market presence.

There are so many great digital marketing institutes out there in the market ready to offer you many courses. But before enrolling with any institute to learn something that might affect your future, it is necessary to have complete knowledge of such an institute and what you are signing up for.

When we put our career in someone else’s hands it is important to make sure they are trusted and genuine.

If it is a matter of trust, the Indian Institute of Digital Education(IIDE), India’s top institute that offers certified online, offline, Live and short-term courses in Digital Marketing is what I put my trust in. They provide a wide range of courses related to digital marketing with 100% placement assistance and resume and interview training as well.  

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Aditya Shastri

Lead Trainer & Head of Learning & Development at IIDE

Leads the Learning & Development segment at IIDE. He is a Content Marketing Expert and has trained 6000+ students and working professionals on various topics of Digital Marketing. He has been a guest speaker at prominent colleges in India including IIMs......[Read full bio]

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