The pharmaceutical industry makes up the part of the medical sector that is involved with the development, manufacture and marketing of medicinal products, including veterinary medicines and medical devices. These products aim to prevent, treat and cure diseases, as well as maintain health in animals and humans.
The regulations surrounding the pharmaceutical industry are very strict and are required to monitor the safety and efficacy of the manufactured medicines. International Regulatory Bodies that cover the pharmaceutical industry include; the MHRA (Medicines and Healthcare Regulatory Agency) in the United Kingdom, WHO (World Health Organisation) and the FDA (Food and Drug Administration) of the USA.
Opportunities in the pharmaceutical industry have never been greater. The 2016 CMR International Pharmaceutical R&D Factbook estimates that in 2015, global pharmaceutical sales surpassed the $1.1 trillion mark, and suggested that this growth is likely to continue up until 2019.
It is not only the Global market that is thriving. Investment in the UK pharmaceutical industry has also been gradually increasing over the last few years with the sector being responsible for a significant contribution to the country’s economy. Significant investments are being made in Science Parks across the UK with a focus on Research and Development in the pharmaceutical industry, including; Manchester Science Park, The North East Technology Park, (NETPark) and Cambridge Science Park to name but a few.
Careers in the pharmaceutical industry are very diverse due to the dynamic nature of the sector. There are a wide range of disciplines to choose from when pursuing a career in this sector, depending on your qualifications and capabilities.
To discuss your career options with one of our experienced, friendly consultants, please contact us.