In 2023, Italy led the European landscape with 42.85% of high growth pharmaceutical enterprises, albeit with a modest growth of 3.37% year-on-year. The Czech Republic posted significant expansion, with an impressive 35.1% increase, now holding 21.43% of the market share. Latvia experienced the highest growth rate at 51.57%, albeit from a smaller base, indicating rising potential. Portugal and Lithuania also saw notable increases at 9.37% and 25.74% respectively. Conversely, Hungary, Slovakia, Norway, and Iceland reported stagnant growth.
Looking to the future, Europe is expected to witness rising pharmaceutical enterprise diversity. The rapid growth in emerging markets like the Czech Republic and Latvia suggests potential shifts in regional leadership. Monitoring regulatory changes, technological advancements, and global market integration will be critical to understanding future developments in this sector.
Top countries in Number of High Growth Enterprises in Basic Pharmaceutical Products and Pharmaceutical Preparations Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.85 | 2023 | -1.37% | +3.37% | View data |
| 2 | 2 Czech Republic | 21.43 | 2023 | +12.5% | +35.1% | View data |
| 3 | 3 Portugal | 10.71 | 2023 | +5.88% | +9.37% | View data |
| 4 | 4 Hungary | 8.33 | 2023 | +7.69% | 0% | View data |
| 5 | 5 Latvia | 4.76 | 2023 | +14.29% | +51.57% | View data |
| 6 | 6 Slovakia | 2.98 | 2023 | 0% | 0% | View data |
| 7 | 7 Lithuania | 2.98 | 2023 | +25% | +25.74% | View data |
| 8 | 8 Romania | 2.38 | 2023 | +33.33% | +5.92% | View data |
| 9 | 9 Norway | 1.19 | 2023 | 0% | 0% | View data |
| 10 | 10 Iceland | 1.19 | 2023 | 0% | 0% | View data |
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