Being a leader in biopharmaceutical research and development and accounting for approximately 35 percent of the global market for pharmaceuticals, the United States firms conduct majority of the pharmaceutical research and hold most of the intellectual property rights of most of the new medicines. The Biopharmaceutical sector accounts for largest single share of all business R&D which accounts almost 23.4%. Moreover, the United States spends almost $1000 per person on pharmaceuticals, which is almost 40% more than the second best Canada. This is also due to the fact that Americans use more drugs than other developed countries.
The growth of the pharmaceutical research in the US is driven by a blend of several contributing factors- The world’s largest scientific database fostered by academic institutions, a supportive domestic development environment, commercialization of pharmaceuticals with minimal market barriers, and decades of government research funding among others. Moreover US happens to be largest free pricing market for pharmaceuticals and attracts majority of capital investments in startup biopharmaceutical enterprises. All of these factors ensure that the United States is going to remain a global leader in pharmaceutical research with a healthy growth expected across the industry.
Over the course of time, the pharmaceutical technology has evolved; the old methods of mixing chemicals and potions have been replaced by mechanized manufacture of medicines. Pharmaceutical technology is a pooled term for developing compounds that have either been created into commercial pharmaceutical products or discovered by transforming chemical compounds that have useful effects on human body into dosages that can exhibit protection or appropriate effects against the disease. It is the discipline of pharmacy which transforms a new chemical candidate into a medication suitable for being prescribed by the medication practitioners for the patients. The pharmaceutical technology can be divided into three stages:
- First is to process the technology for researching methods to manufacture the candidate compound in large quantities efficiently.
- The formulation technology for researching and investigating the formulations, dosage forms, usability and selection and preparation of optimal administration forms.
The analytical and quality evaluation technology to assure the quality of pharmaceutical products.
Due to increased innovation in the industry, the pharmaceutical industry is fast becoming a major recruiter for chemical engineers and engineers with specialization in pharmaceuticals. These engineers are concerned with conception, construction, design, and operation of industrial plants.
Along with Pharmaceutical research and technology, the need and growth of pharmaceutical consultancy has also taken a leap. These consultants provide assistance at all the stages of development of product to clients in biotechnology, pharmaceutical and medical devices field. Pharmaceutical consultancy aims at providing expert advices and services related to clinical safety testing, manufacturing, regulatory agency interactions, clinical trial design, submission preparation and more. DCube delivers analytical solutions to everyday challenges faced by healthcare organizations mainly based out of US.
These pharmaceutical consultancy services happen to be of a great significance since they help manufacturers become more competitive and successful in the ever evolving competitive market. This means that pharmaceutical services help these producers to streamline costs in the face of increasing prices and derive desirable and demonstrable results.