Title: Compete or not? Evidence from global biopharmaceutical innovation and market

Authors: Lili Zhang; Ying Guo; Yi Zhang; Jun Su

Addresses: School of Public Policy and Management, Tsinghua University, Beijing, China; Urban Institute, The University of Sheffield, Sheffield, UK ' Business School, China University of Political Science and Law, Beijing, China ' Faculty of Engineering and IT, University of Technology Sydney, Sydney, Australia ' School of Public Policy and Management, Tsinghua University, Beijing, China

Abstract: It is necessary to analyse the technological innovation and market from the global level. We pay attention to the biopharmaceutical industry to study the relationship between them. We find all the technological innovation, market size, and market competitions are developing in increasing tendencies generally. But the tendencies change strongly when encountering major events. Market size is more effective than market competition when either one affects technological innovation. Market competition can only bring about slight innovations, but the market size can affect all kinds of innovations. Therefore, the best choice to develop technology is to expand its market, rather than to increase or decrease competition. However, the topic novelty and death still can only be resulted by global major events. At that time, the 'chance' should be seized, and cooperation should be emphasised on, since the urgent practical needs will accelerate the development of technology.

Keywords: technological innovation; market competition; market size; biopharmaceutical.

DOI: 10.1504/IJTM.2024.135713

International Journal of Technology Management, 2024 Vol.94 No.2, pp.213 - 241

Received: 04 Sep 2021
Accepted: 12 Dec 2022
Published online: 03 Jan 2024 *

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