Why Ireland is Attracting the World’s Biggest Pharmaceutical Companies
The pharmaceutical industry is currently
valued at more than $1.48 trillion (USD), and it continues to grow
every single year. This world-changing industry is responsible for supporting
global health efforts, but many people are surprised to learn that most of the
world’s top companies share a single location—Ireland.
Ireland has effectively placed itself at the
center of this thriving industry. Below, we will explore why Ireland is
attracting the biggest companies in pharmaceuticals.
There are many reasons why people enjoy life
in Ireland, but companies have a lot to gain in this country as well. The
cities in Ireland are a great match for new and existing companies in the
pharmaceutical industry, which is why there are also many pharmaceutical jobs
Let’s explore the factors that contribute to
this growing market.
When companies choose a location, they want a
space that will be stable and offer benefits. Known for its business-friendly
climate and stable population, Ireland is a place where businesses feel secure.
Ireland’s general infrastructure makes it possible to support businesses and
those they employ. In fact, Ireland is ranked as the third
freest economy as of 2023 and continues to show exceptional
government support for business freedom.
Ireland continues to attract pharmaceutical
companies because many existing pharmaceutical companies are visibly thriving
in this country. Already, Ireland is the home of several top pharmaceutical
companies and countless pharmaceutical jobs. Accounting for 90% of the ten largest pharmaceutical companies,
Ireland maintains the best in the industry.
For other brands, this is reassuring and can
feel like a safer bet than moving into untested waters. As Ireland continues to
prove how much value it offers this industry, it will continue to appeal to
companies in this field.
Many people see Ireland as an exceptional way
to gain access to top-performing employees from all around the European Union
(EU). Since companies in Ireland can hire staff from any EU country with ease, it
allows access to the best and brightest in many locations.
The fact that Ireland is home to so many great
pharmaceutical companies also makes it an appealing location for those who
enter these fields. Professionals in life sciences are likely to seek
pharmaceutical jobs in Ireland because there are so many available. Companies
can benefit from this by offering opportunities where industry experts are
already looking for them.
The pharmaceutical industry saves lives, but
these businesses still want to see a solid return on investment (ROI). Ireland
offers many opportunities for companies to find financial support and success
in this area. In Ireland, pharmaceutical companies enjoy a significant amount
of research funding, as well as opportunities to
receive tax breaks of up to 25%. For large companies,
Ireland’s corporate tax rate, which is currently 12.5%, is also highly appealing.
Ireland plays an essential role in supporting
the pharmaceutical industry, and you can help to support it too. At Quanta,
we connect dedicated professionals with life
science jobs from the world’s top employers. Our team can help you
to find great employment opportunities no matter what kind of role you play in
this crucial industry.
To learn more about how we can help you to
start or grow your career and find great pharmaceutical jobs, contact