Western Europe Medical Recruitment Market: Restraints
Extremely competitive healthcare education system may lead to low number of students opting for medical education, which may hinder growth of the market.
Moreover, longer medical curriculum may also limit growth of the market. For instance, in Germany, the medical curriculum consists of 2 major parts: the 2-year preclinical segment and the 4-year clinical segment.
Western Europe Medical Recruitment Market: Opportunities
Large scale pharmaceutical companies are setting up new facilities in European region which creates new opportunities for the growth of Western Europe medical recruitment market. For instance, in February 2020, Sanofi planned to create active pharmaceutical ingredients (API) facilities in Germany, UK and France. Hence, the emergence of new pharmaceutical facilities will create recruitment opportunities in the region.
Growth in pharmaceutical sector is expected to propel growth of the Western Europe medical recruitment market over the forecast period. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe was valued at US$ 139, 287 million in 2000, which increased to US$ 284, 028 million (est.) in 2018.
Moreover, increasing prevalence of chronic disorders is also expected to aid in growth of the market. For instance, according to Diabetes UK, over five million people will suffer from diabetes in the U.K. by 2025.
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