From 2013 to 2023, Italy has seen significant growth in high-tech pharmaceutical imports, with import values rising from 7.75 billion euros to 18.72 billion euros. The year-on-year variations show substantial fluctuations, with double-digit growth in some years, particularly in 2017 and 2018, and a slight decline in 2020. The Compound Annual Growth Rate (CAGR) averaged 6.36% over the past five years up to 2023.
Future projections indicate a steady upward trend. The forecast values for 2028 predict an import value of 23.64 billion euros, with an average annual growth rate of 3.69% from 2024 to 2028, amounting to a projected 19.84% growth over this five-year period.
Future trends to watch for:
- Impact of technological advancements on pharmaceutical imports.
- Effects of regulatory changes and trade policies within and outside the EU.
- Potential disruptions or accelerations due to global health crises or major pharmaceutical innovations.