The market is dominated by foreign suppliers, as imports account for 50.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 92.7% of total demand in 2023. The UK has the third largest market size for pharmaceuticals regionally, with demand reaching USD69.6 billion in 2023. GlaxoSmithKline Plc is the largest company in the UK, generating 7.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.6% of total production value in 2023. The total number of companies decreases in 2023, to 4,687 units. The costs of the industry increase by 10% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 15.1% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 41.2% of total production output. With production value of USD51.0 billion, the UK accounts for 7.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Pharmaceuticals in the United Kingdom: ISIC 2423. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pharmaceuticals in the United Kingdom: ISIC 2423 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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