Key Market Indicators
Belgium's pharmaceutical production is projected to soar to €1.02 billion by 2028, up from €662 million in 2023. This marks an average annual growth rate of 6.7%. Since 2014, the country's pharmaceutical supply has surged by 42.6% each year, reflecting a robust upward trend in the sector. In the 2023 rankings, Belgium held the eighth position, with Greece surpassing it with an identical €662 million. Italy, Spain, and Austria secured the second, third, and fourth spots respectively, showcasing their significant roles in the pharmaceutical market.
