B2B drives market demand, with B2B spending representing 96.1% of total demand in 2020. GlaxoSmithKline Research & Development Ltd is the largest company in the UK, generating 8.1% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 22.7% of total turnover in 2020. The total number of companies decreases in 2020, to 15,672 units. The costs of the industry increase by 0.4% in 2020, largely driven by rising labour costs. The industry’s profitability increases and stands at 13.1% of turnover in 2020, the sixth highest in the region. With turnover of USD20.3 billion, the UK accounts for 10.2% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Research and Development in the UK: ISIC 73. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Research and Development in the UK: ISIC 73 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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