Basic pharmaceutical product manufacturing market in the United Kingdom to grow 0.6% CAGR between 2014-19
Basic Pharmaceutical Product Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-03 04:45:01
The UK pharmaceutical sector commands an important position in the UK economy and the United Kingdom 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 medicinal active substances, which are used for their pharmacological properties to make medicines. It is an integral part of the pharmaceutical supply chain and the pharmaceutical sector´s research and development (R&D) process.
Industry revenue growth has been strong over the past five years, driven by robust export sales. Exports are estimated to generate 89.0% of revenue in 2013-14. Over the five years through 2013-14, industry revenue is estimated to grow at a compound annual rate of 10.2%. However, the strong growth figure disguises the fundamental challenges the industry faces.
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