A Brief Overview of the Pharmaceutical Industry in the UK - Assignment Example

During the process of that transition, a new industry sector was prolonged with global scope and opportunity. To support the growth of the pharmaceutical sector, there was a big jump in the medicinal chemistry section as well in terms of innovation and development. Due to continuous development and innovation in medical chemistry and other associated parts of the medical industry; with the invention of more advanced technology to ensure proper detection and treatment of various serious diseases the pharmaceutical industry has risen to its present stature, and continuous support from the governments of various nations with the adaptation of dual roles namely: providing support and encouragement towards medical research and implementing more prominent and strict drug safety and efficacy laws helps the pharmaceutical industry to reach the level in present times.

In the modern world for patients across the globe of various ages- the word medicine has taken on new medical roles and values. Earlier people used to take medicine when they used to fall ill or faced any kind of physical hazards. But at present, in the world of modernization people use to depend on medicine/drugs to increase their longevity in the world with a more fit and healthy body. Now a day’s people prefer to take medicine not only to cure them but also to remain fit and healthy. With this change in the mindset, the demands for verities of medicine with different objectives have increased many times.

As Daemmrich and Bowden (2005) in their analysis mentioned that “taking drugs for life has intensified a long-standing hybrid of scientific, emotional, and policy issues around side effects and widespread resentment of companies that profit from drug invention and marketing.” (Daemmrich and Bowden, 2005, p.1) In every part of the world, pharmaceutical industries play a key role.