EMA, or the European Medicines Agency, is a decentralized agency of the European Union responsible for the scientific evaluation and supervision of medicines. It does not have a global ranking, as its primary role is regulatory rather than competitive. However, it is widely regarded as one of the world’s leading drug regulatory authorities, alongside the U.S. FDA.
The agency’s influence stems from its stringent approval processes, which ensure the safety and efficacy of medications across the EU. While rankings for regulatory bodies are uncommon, EMA’s standards are considered a benchmark in pharmaceutical regulation globally.