It is Estimated that the UK Pharmaceutical Market grew by 10.5% in 2004, to a Value of GBP 12.32bn.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c26420) has announced the addition of The Pharmaceuticals Industry Market Review 2005 to their offering It is estimated that the UK pharmaceutical market grew by 10.5% in 2004, to a value of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12.32bn. The UK market is ranked fifth in the developed world in terms of value, just above Italy but below France. The market is composed of two major sectors: prescription-only medicines and over-the-counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) pharmaceuticals. Prescription-only medicines, the larger sector by far, are highly regulated and controlled. They are only available via a prescription from a qualified healthcare professional and can only be dispensed by a registered pharmacist operating on licensed premises. Pharmaceutical companies are not permitted to advertise these products directly to consumers, and there are strict rules on their promotion to healthcare professionals. Although pharmaceuticals are supplied to the private healthcare sector, the biggest customer by far in the UK is the NHS NHS abbr. National Health Service NHS (in Britain) National Health Service , which uses its immense buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. to negotiate regular discounts. OTC pharmaceuticals are available to the public without a prescription and through a range of outlets, although some products can only be sold under the supervision of a pharmacist. The Government has been actively fostering the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market for a number of years and new areas are being opened up. However, it has been difficult for self-medication to achieve its full potential in a market where around half the population is exempt from prescription charges prescription charges npl (BRIT) → precio sg de las recetas prescription charges npl (Brit) → participation f fixe au coût de l'ordonnance . In addition, the market has become increasingly price-sensitive following the entry of supermarkets and the abolition of Resale Price Maintenance resale price maintenance Measures taken by manufacturers or distributors to control the resale prices of their products (i.e., the prices charged by businesses that resell them). (RPM). Annual growth can be significantly affected by product launches accompanied by sizeable advertising campaigns. The trend towards consolidation in the industry is continuing unabated. Most of the global market leaders are the products of two or even three mega-mergers, and these companies are increasingly forming partnerships with biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. and research groups in order to enrich their product pipelines. However, there are fears that consolidation may affect the scope of research and development (R&D) activities and also that increasingly militant animal-rights activists will drive more companies abroad. This report forecasts that the UK market for pharmaceuticals will continue to expand as the population ages, increasing the intrinsic demand for healthcare services. Growing competition and price-sensitivity will bolster the trend towards generic prescribing. However, sales of prescription-only medicines will continue to grow more rapidly than sales of OTC products. Companies featured in the report include: - AstraZeneca PLC - Celltech Group Ltd - Eli Lilly and Company Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company and one of the world's largest corporations. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States. Ltd - GlaxoSmithKline PLC - Novartis UK Ltd - Pfizer Ltd - Shire Pharmaceuticals Group PLC For more information visit http://www.researchandmarkets.com/reports/c26420 |
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