Find out more about the UK’s Pharma industry and the companies providing new technologies and services to the pharmaceutical sector. Get an accurate view of the Pharma industry through innovative financial, company, funding, and growth data today.
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Pharma is a term used to describe the wider pharmaceutical industry of companies and organisations dedicated to the development, testing, production, distribution and marketing of medicines or pharmaceutical drugs.
Pharma can be used to both describe a single pharmaceutical company as well as a larger group of companies and the industry as a whole. Big Pharma is a term often used in the media to describe a small number of large multinational corporations – such as AstraZeneca and Johnson & Johnson – who are collectively responsible for some of the most popular pharmaceutical products across the globe.
UK Pharma is a growing sector made up of a series of companies providing new technologies and services, including those specialising in advanced manufacturing, AI, automation, data analytics and BioPharma.
Pharma sector summary
Key information you should know about the Pharma sector from our AI-driven platform of over 5 million companies:
- Pharma has turnover of £208.61bn, meaning it is our 7th largest RTIC, and our 43rd fastest growing sector.
- The Pharma sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.
- On average the roles advertised in this sector are 8.26% higher than the UK’s average salary.
Our Pharma RTIC is made up of 7 individual industry verticals, including verticals such as Additive Manufacturing, Artificial Intelligence and Blockchain, Automation. You can find out more about the verticals by buying a report, visualising the sector on our platform, or by downloading the data.
- Sector Code Description Records
- RTIC0062 Pharma 2195 companies
Companies providing new technologies and services to the pharmaceutical industry, largely in the develompent, testing, production, distribution, and marketing of medicines.
- Pharma: Additive Manufacturing217 companies
Companies using advanced manufacturing techniques (i.e., 3D printing) for the development of pharmaceutical products
- Pharma: Artificial Intelligence and Blockchain315 companies
Companies applying AI technology for the advancement of pharma research, products and/or services
- Pharma: Automation165 companies
Companies developing the technology and infrastructure for the automation of pharmaceutical processes and laboratories.
- Pharma: Pharma and BioPharma1513 companies
Companies dedicated to the production of pharmaceutical products and biotechnology research
- Pharma: Precision Medicine169 companies
Companies providing products and/or services that enable or enhance precision medicine techniques
- Pharma: Research and Data Analytics489 companies
Companies developing technologies for the facilitation of research and data analysis for pharmaceuticals and research centres
- Pharma: Targeted Therapies343 companies
Pharmaceutical companies dedicated to the advancement and supply of targeted therapeutics
Pharma industry growth
We estimate that the UK Pharma sector could be worth approximately £247.8bn by 2027, based on the compound annual growth rate (CAGR) of 3.5%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.
Get your free Pharma report
Dig deeper into the UK’s Pharma sector with our free 2023 RTIC report, which includes:
– Summary of RTIC data & industry performance
– Overview of key verticals
– Geographic analysis & breakdown
– Key insights & trends
At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including the Pharma industry.
Discover more RTICs and access our other free reports today.
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