The production value share of European basic pharmaceutical products and pharmaceutical preparations is led by Switzerland, Germany, and Belgium, with Switzerland taking the largest share at 26.08 million euros. Germany and Belgium follow with shares of 19.6 million euros and 12.29 million euros, respectively. France and Italy also make significant contributions, whereas smaller economies like Estonia, Slovakia, and Bosnia and Herzegovina have minimal shares.
Year-on-year variations show Belgium and Sweden with significant increases at 11.45% and 15.64%, respectively. Cyprus also experienced notable growth with a 16.17% increase. In contrast, Iceland and Bosnia and Herzegovina recorded declines in their production values.
Future trends to watch include potential continued growth in Belgium, Cyprus, and Sweden due to their recent high increases. Additionally, monitoring the impact of any regulatory changes and innovations in pharmaceutical technology will be crucial in predicting further shifts in production values across Europe.
Top countries in Basic Pharmaceutical Products and Pharmaceutical Preparations Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 26.08 | 2023 | +4.74% | +5.8% | View data |
| 2 | 2 Germany | 19.6 | 2023 | +7.68% | +6.85% | View data |
| 3 | 3 Belgium | 12.29 | 2023 | +8.18% | +11.45% | View data |
| 4 | 4 France | 9.99 | 2023 | +2.61% | +0.64% | View data |
| 5 | 5 Italy | 6.7 | 2023 | +1.28% | +1.45% | View data |
| 6 | 6 Denmark | 5 | 2023 | +4.2% | +6.07% | View data |
| 7 | 7 Sweden | 4.56 | 2023 | +10.66% | +15.64% | View data |
| 8 | 8 United Kingdom | 4.44 | 2023 | +0.55% | -0.41% | View data |
| 9 | 9 Spain | 3.94 | 2023 | +1.56% | +3.35% | View data |
| 10 | 10 Netherlands | 1.56 | 2023 | +1.49% | +3.49% | View data |
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