DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d7k3w5/pharmaceutical) has announced the addition of the "Pharmaceutical and Biotechnology Construction Sector Report - UK 2014-2018 Analysis " report to their offering.
The report should be of particular interest to construction companies and their supply chains operating in the UK Life Sciences sector, and to suppliers of laboratory and allied products.
The UK is the 9th largest pharmaceutical market in the world, and the sector makes a greater contribution to the UK economy than any other industrial sector - worth around £29bn - and generating an annual trade surplus of almost £3bn. The Industry is particularly important in terms of its research and development (R&D) contribution and the pharmaceutical sector alone accounts for more UK-based business R&D than any other manufacturing sector - around £4.2bn is spent on pharmaceutical R&D in the UK, almost 25% of the total industrial R&D spend.
Growth rates are now significantly slower than in previous years, due to slowing R&D pipelines, dwindling R&D and healthcare budgets, rising costs, impending patent cliffs', increased regulatory controls and increased pricing pressures. In addition, significant public spending cuts especially in the health sector and tighter NHS spending is forecast to impact negatively on the pharmaceutical market. However, industry revenue is forecast to grow by around 2% between now and 2018.
The top 10 global pharmaceutical companies account for around £24bn or 47.3% of total UK sector turnover. Many of the top global pharmaceutical companies have a considerable manufacturing and research presence in the UK. 12 out of the top 20 global pharmaceutical companies account for a total of 55 UK sites.
Key Topics Covered:
2. Summary And Future Prospects
3. Market Size And Overview
4. Leading Companies In The Pharmaceutical And Biotechnology Sectors
5. Construction Activity In The Pharmachem And Biotechnology Sector
6. Construction Capability And Supply In The Pharmaceutical & Biotechnology Sector
For more information visit http://www.researchandmarkets.com/research/d7k3w5/pharmaceutical