32541 - Pharmaceutical and Medicine Manufacturing
The pharmaceutical industry stands at the forefront of innovation and public health, delivering life-saving medicines and treatments worldwide. If you're exploring the manufacturing sector in this dynamic field, understanding NAICS code 32541 is essential. This code pinpoints establishments engaged in the manufacturing of pharmaceutical and medicine products, playing a vital role in healthcare for both humans and animals.
What is NAICS Code 32541?
NAICS code 32541 is titled Pharmaceutical and Medicine Manufacturing. It defines businesses primarily focused on producing medicinal chemicals, botanical products, and various drug preparations. The industry includes the development and production of pharmaceuticals used in human healthcare and veterinary medicine.
Key Highlights:
- Sector: Manufacturing
- Industry Focus: Pharmaceuticals, medicinal chemicals, botanical products
- Applications: Human and veterinary drug production
Sector and Typical Business Activities
NAICS 32541 belongs to the broader Manufacturing sector, covering establishments engaged in the formulation, packaging, and labeling of pharmaceutical and medicine products.
Typical Business Types and Activities Include:
- Pharmaceutical preparation manufacturing
- Medicinal and botanical manufacturing
- Pharmaceutical preparation packaging and labeling
These businesses range from large-scale pharmaceutical companies to specialized manufacturers developing botanical extracts for medicinal use.
Size Standards for NAICS Code 32541
To qualify as a small business under NAICS code 32541, companies generally must meet the following size standards set by the U.S. Small Business Administration (SBA):
- Size Standard: Average annual receipts of $38.5 million (varies by specific sub-industry within 32541)
This is crucial for businesses seeking government contracts, grants, or small business certifications.
Examples of Businesses in NAICS 32541
- Pharmaceutical corporations manufacturing prescription drugs
- Botanical medicines producers using plant-based ingredients
- Contract manufacturers specializing in drug formulation, packaging, and labeling
- Veterinary medicine manufacturers producing animal health pharmaceuticals
Detailed NAICS Code 32541 Information
| Feature | Details |
|---|---|
| NAICS Code | 32541 |
| Title | Pharmaceutical and Medicine Manufacturing |
| Sector | Manufacturing |
| Description | Establishments manufacturing pharmaceutical products, medicinal chemicals, and botanicals |
| Typical Activities | Drug formulation, medicinal chemical production, packaging and labeling of pharmaceuticals |
| Size Standard (SBA) | Average annual receipts of $38.5 million |
| Applications | Human medicine, veterinary pharmaceuticals |
FAQs About NAICS Code 32541
What products are included under NAICS 32541?
This code includes pharmaceutical drugs, medicinal chemicals, botanical products used for medicinal purposes, and packaged drug preparations for humans and animals.
Can veterinary medicine manufacturers be classified under NAICS 32541?
Yes. Establishments manufacturing medicines for veterinary use fall under this NAICS code.
Why is NAICS 32541 important for government contracting?
Identifying the correct NAICS code is critical for eligibility, bid submissions, and compliance within pharmaceutical manufacturing-related government contracts.
What is the size standard for small businesses under this NAICS code?
The SBA size standard is an average annual receipt of $38.5 million, which determines small business eligibility for government programs.
Are packaging and labeling services part of NAICS 32541?
Yes. Pharmaceutical preparation packaging and labeling are key activities within this NAICS classification.
By understanding NAICS code 32541, manufacturers, contractors, and entrepreneurs can better navigate industry regulations, government programs, and market opportunities in the pharmaceutical and medicine manufacturing sector. Stay informed and positioned for success in this essential manufacturing domain.
