Industry Analysis & Industry Trends
Companies in the industry make various medicines, vaccines, biotech pharmaceuticals and botanical products for pharmaceutical use. The United Kingdom is one of the largest pharmaceutical markets in the world, so the industry commands an important position in both the global pharmaceutical market and the UK economy. In fact, the pharmaceutical sector as a whole is the third-largest contributor to UK economic growth. The industry is particularly important in terms of its research and development contribution. The bulk of industry revenue is derived from export sales. However, imports satisfy the lion's share of domestic demand. Nevertheless, both imports and exports are highly inflated due to re-exports.
Over the past five years, the industry has weathered weak conditions... purchase to read more
Industry Report - Industry Analysis Chapter
The Pharmaceutical Preparations Manufacturing industry has endured bleak conditions during the past five years. The industry had to face higher costs, regulatory scrutiny, price controls, safety concerns and high import penetration. Household spending pressures during the start of the period and pressure on health-care budgets added to industry participants' woes, although they were partly protected from these adverse variables by the essential nature of their products. In addition, the industry has been struggling as some of the most profitable drugs have started to lose their patent protection, which added to the problems engulfing the industry.
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