Industry Analysis & Industry Trends
The UK pharmaceutical sector commands an important position in the UK economy, and Britain is one of the world's largest exporters of pharmaceuticals by value. One small, albeit important, component of the sector is the Basic Pharmaceutical Product Manufacturing industry, which manufactures active substances used for their pharmacological properties to make medicines. The industry is an integral part of the pharmaceutical supply chain and the pharmaceutical sector's research and development (R&D) process.
Industry revenue has declined during the past five years, driven by declining exports in the middle of the period. Over the five years through 2016-17, industry revenue is estimated to decline at a compound annual rate of... purchase to read more
Industry Report - Industry Products Chapter
Active product ingredients
The Basic Pharmaceutical Product Manufacturing industry is an essential part of the pharmaceutical supply chain. The conversion of intermediate substances into active product ingredients (APIs) is the largest component of the industry and is estimated to account for 69.5% of industry revenue in 2016-17. An API is a compound or substance used as a therapeutically active compound to manufacture a pharmaceutical product. APIs are used to make various different medicines, including antibiotics, basic vitamins, salicylic acid and aspirin. They are also used to develop drugs and conduct clinical trials. The.. purchase to read more