The European biotechnology research and experimental development landscape showed varied progress across countries in 2023. The United Kingdom led the charge with substantial production value, followed by Germany and France. Notably, Spain and Italy experienced significant year-on-year growth of 14.63% and 8.81%, respectively. Poland and Lithuania also saw remarkable increases. However, Germany and Serbia saw slight declines in their contributions. Norway, Latvia, and Slovenia exhibited exceptional growth rates, over 30% for Norway and over 70% for Latvia, illustrating burgeoning biotechnology sectors in these countries.
Looking ahead, future trends to monitor include the sustainable growth of emerging markets like Latvia, Lithuania, and Norway, and whether major players such as the United Kingdom and Germany can maintain their leading positions. Strategic investments and policy shifts towards more innovation-friendly ecosystems are expected to continue driving growth and diversifying the biotechnology research landscape across Europe.
Top countries in Production Value of Biotechnology Research and Experimental Development Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 20.59 | 2023 | +5.34% | +5.18% | View data |
| 2 | 2 Germany | 16.57 | 2023 | +3.72% | -2.1% | View data |
| 3 | 3 France | 15.48 | 2023 | +3.87% | +11.56% | View data |
| 4 | 4 Belgium | 11.37 | 2023 | +7.85% | +0.95% | View data |
| 5 | 5 Spain | 8.24 | 2023 | +10.73% | +14.63% | View data |
| 6 | 6 Italy | 6.32 | 2023 | +8.06% | +8.81% | View data |
| 7 | 7 Denmark | 6.03 | 2023 | +4.52% | +2.08% | View data |
| 8 | 8 Norway | 2.77 | 2023 | +4.88% | +33.92% | View data |
| 9 | 9 Poland | 1.99 | 2023 | +13.57% | +24.19% | View data |
| 10 | 10 Sweden | 1.93 | 2023 | +4.43% | +7.62% | View data |
