Pharmaceutical preparations manufacturing market in the United Kingdom to grow 2.8% CAGR between 2014-19
Pharmaceutical Preparations Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-03 04:43:03
Companies in the Pharmaceutical Preparations Manufacturing industry make various medicines, vaccines, biotech pharmaceuticals and botanical products for pharmaceutical use. The United Kingdom is the eighth-largest pharmaceutical market in the world, so the industry commands an important position in 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.
Over the past five years, the Pharmaceutical Preparations Manufacturing industry has been subject to a number of conflicting forces. On the one hand, it has benefited from the combination of strong export growth, greater emphasis on healthy lifestyles, increasing life expectancy and an ageing population, which have all increased demand for some drugs. On the other hand, it has had to contend with a dry pipeline, escalating costs, heightened regulatory scrutiny, safety concerns, weak economic conditions, rising import penetration and increased pricing pressures.
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