2014-01-23 14:42:01 - UK Injectables Market Outlook to 2017 - a new market research report on companiesandmarkets.com
Injectables occupy a considerable prominence in UK irrespective of diminishing growth in the pharmaceutical market for 2-3 years. The advancements in technology up-gradation and investments have provided immense growth opportunities for injectables to emerge in the UK´s pharmaceutical industry in recent years.The market is anticipated to grow at a CAGR of approximately 4.5% during 2012-2017. The increasing need of injectables for diseases like diabetes, infectious diseases and arthritis is primarily driving this market.Certain pharmaceutical firms in UK´s injectable market have established their foothold given the diverse and innovative product offerings. Several small pharma majors too have been aggressively competing with big pharmaceutical players in order to establish themselves in the market.A lot of investment is being done in research and
development of injectables in order to improve their medical outcomes. Even the country´s government has significantly contributed towards the development of innovative medicines. Moreover, the Government has shifted its focus towards cost effective drug treatments by fixing up the drug prices as per their clinical value. In addition, there are a set of regulations that support the injectable drug business in the country.
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