The Life Sciences industries have been an important part of the UK economy for many years.
And while the spotlight is often directed towards R&D activities and clinical trial capabilities, Pharmaceutical and Medical Device manufacturing make up a significant proportion of this sector.
For many years, we’ve observed Pharma and Med Device manufacturing to be strong industries that provide stable jobs, generally separate from the ups and downs of other industries in times of economic difficulty.
Most recently, during the COVID-19 pandemic which has led to some of the most challenging times many sectors have ever endured, the Pharma and Med Device industries have gone beyond strength and stability – they have provided new jobs opportunities.
But before we get into the details of what we’ve observed, let’s take a closer look at where we get our data…