Bayer AG, a well known name in the field of chemicals and pharmaceuticals, was founded in the year 1863 by Friedrich Bayer, Johann Friedrich Weskott. It’s headquarter is Leverkusen, North Rhine-Westphalia, Germany. It has focused mainly on healthcare products, polymers, agriculture products and human & veterinary medicines.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Johnson & Johnson, founded in 1886 is an American company manufacturing mainly medical products and devices, pharmaceutical, and consumer packaged goods. Johnson & Johnson has its headquarters in New Brunswick, New Jersey. It has around 250 subsidiaries selling its products in around 175 countries.
2. Reckitt Benckiser:
Reckitt Benckiser (RB) group PLC is a multinational group of British origin. The Company was formed in 1999 by merger between Reckitt & Colman PLC in UK and Benckiser NV from Ireland. It believes in 'Purpose with Passion' and has been active in improving the consumer health products since its beginning.
3. GSK Consumer Healthcare:
GSK Consumer Healthcare is a subsidiary of GlaxoSmithKline plc which is a pharmaceutical giant based in Brentford, London. The company was established in 1958 as Hindustan Milk Food Manufacturers Pvt. Ltd.
Pfizer, is one of the highly reputed biopharmaceutical companies of the world. It was founded by Charles Pfizer and Charles Erhart. With a deep and long term commitment to global health, Pfizer has used its global resources and technical know-how to deliver the best products.
Novartis is one of the important manufacturers of pharmaceuticals and other pharmaceutical ingredients (API). The company is currently working in many countries as it one of a largest company in the world. Novartis has the extensive network of distribution overall globe.
Based out of USA and Canada, Merck is one of the largest pharmaceutical companies in the world. It was found in 1891 and then as an independent organization in 1971. Close to 70000 people are employed with the company.
7. Bristol Myers Squibb:
Bristol Myers Squibb is a USA based pharmaceutical company which has a headquarter in New York City. The products are manufactured mainly in the U.S. and Puerto Rico and are sold all across the globe, with U.S.
Abbott Laboratories is an American health care company founded by Wallace Calvin Abbott in the year 1888. Abbott Laboratories has been using leading-edge science and technology to provide consumers with the highest quality equipment. Also, it happens to be the market leader in the Blood screening process, Remote heart failure monitory and left ventricular assist devices.
Roche is one of the biggest competitors of Bayer.
AstraZeneca plc was founded in 1999 through the merger of Astra AB and Zeneca Group. The merger has been among the world’s largest merger in the concerned industries. It was followed by the series of corporate acquisitions in the same industry.
To conclude, the above article highlights the various competitors which compete with Bayer. This understanding helps to evaluate the various external business factors for any company.
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