Europe pharmaceutical drugs: Leading the global market with innovative medical solutions

Europe pharmaceutical drugs History and growth of the Europe pharmaceutical drugs The pharmaceutical industry has a long history in Europe dating back to the 19th century. Some of the earliest companies established were Bayer in Germany in 1863, followed by Pfizer in the United States in 1850 and another German company Boehringer Ingelheim in 1885. However, it was not until after World War 2 that the sector really began to flourish and establish Europe pharmaceutical drugs dominance on the global stage. Major drivers of the post-war growth included increased funding for medical research from governments eager to improve nationwide health standards. Companies invested heavily in R&D to develop new drugs for widespread diseases and medical conditions. By the 1960s, four of the top ten largest pharmaceutical companies globally were based in Europe. International expansion also accelerated as European firms looked overseas for new markets and opportunities. Today, Europe Ph...