In 2023, Switzerland led European pharmaceutical production value at 28.82 billion Euros, followed by Italy and Spain. Remarkably, Belgium and the Netherlands showed strong year-on-year growth at 42.58% and 30.61%, respectively. Conversely, the United Kingdom and France experienced negative growth, with declines of 6.62% and 20.78%. Greece showed an impressive increase of 18.65%, indicating an upward trend. Growth for other countries ranged from modest to moderate, with Germany, Portugal, and Serbia also showing positive trends.
Future trends to watch include consolidation in the pharmaceutical sector and increased focus on innovation-driven growth. Expect Eastern European countries to potentially rise in production value due to investments and infrastructure improvements.
Top countries in Basic Pharmaceutical Products Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 28,820 | 2023 | +6.1% | +6.98% | View data |
| 2 | 2 Italy | 5,960 | 2023 | +2.81% | +3.91% | View data |
| 3 | 3 Spain | 4,930 | 2023 | +4.53% | +3.58% | View data |
| 4 | 4 Austria | 2,040 | 2023 | +2.76% | +3.06% | View data |
| 5 | 5 United Kingdom | 1,390 | 2023 | -6.43% | -6.62% | View data |
| 6 | 6 Germany | 1,340 | 2023 | +0.21% | +5.92% | View data |
| 7 | 7 Greece | 1,160 | 2023 | +7.1% | +18.65% | View data |
| 8 | 8 Belgium | 662.2 | 2023 | +13.82% | +42.58% | View data |
| 9 | 9 Netherlands | 659.1 | 2023 | +19.84% | +30.61% | View data |
| 10 | 10 Portugal | 342.6 | 2023 | +4.26% | +6.78% | View data |
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