Comparison with Other Countries United States of America

COMPARISON WITH OTHER COUNTRIES: UNITED STATES OF AMERICA; USA is the leader in Pharmaceutical industry. It can be noted that more than 80% of the total worlds research and development takes place in USA. Even most of the patents or highest numbers of patents are held by companies in USA. It employs about 272,000 people (source: Bureau of Labour Statistics).Even the bestselling drug in the world â€Å"Lipitor† which is a cholesterol drug is Produced by Pfizer which is a US company. Incidentally Pfizer is also world‟s largest Pharmaceutical Company. Pfizer has sales of more than 40,000 US million dollar. The total revenue of USA pharmaceutical market is about 289 US billion. Prescriptions have also been on a rise in the US over the past decade where there is an increase of more than 64%which is about 3.4 billion annually. The pharmaceutical market is said to grow at a CAGR of 2.7% from 2011-2016 which will plummet the market to a value of 299.5 US billion dollars by the end of 2016. UNITED KINGDOM: United Kingdom is the Tenth largest Pharmaceutical market in the world as of 2011. United Kingdom has an open market policy about the pharmaceutical market, which has led to many foreign firms having an upper hand in the country. The NHS (National Health Service) covers about 98% of the UK market. GlaxoSmithKline is the country‟s biggest Pharmaceutical Company. Total market value of UK market is about 21564 million US dollars18. UK spends the least on medicines when compared toShow MoreRelatedRussian And American Political Systems1572 Words   |  7 PagesPolitical Systems in Comparative Perspective Russian and American political systems are alike in the perspective of comparison. Both governments provide a framework for three branches of government: the executive, the legislative, and judicial. Both countries also have a bicameral legislature as well as separate elections of the legislature and the executive branch. Both countries are the lead legislative body. 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