In 2023, Germany led European pharmaceutical production with a value of 58.68 billion euros. France and Italy followed with 33.4 and 27.49 billion euros, respectively. Belgium saw significant growth with a year-on-year increase of 5.45%, while Greece and Finland also experienced substantial growth at 4.73% and 3.13%, respectively. Minimal growth was observed in Estonia and Germany. Over the last five years, a focus on innovation and investment in research and development has driven annual growth.
Looking ahead, expect continued technological advancements and market expansion in biologics to shape future production dynamics. Sustainability and digital transformation will also be critical for maintaining European competitiveness.
Top countries in Production Volumes of Basic Pharmaceutical Products and Pharmaceutical Preparations by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 58,680 | 2023 | +1.9% | +0.82% | View data |
| 2 | 2 France | 33,400 | 2023 | +2.14% | +2.87% | View data |
| 3 | 3 Italy | 27,490 | 2023 | +1% | +1.05% | View data |
| 4 | 4 Belgium | 25,430 | 2023 | +3.33% | +5.45% | View data |
| 5 | 5 Netherlands | 6,300 | 2023 | +1.34% | +1.63% | View data |
| 6 | 6 Austria | 4,880 | 2023 | +1.7% | +2.06% | View data |
| 7 | 7 Greece | 2,710 | 2023 | +2.36% | +4.73% | View data |
| 8 | 8 Finland | 2,500 | 2023 | +2.46% | +3.13% | View data |
| 9 | 9 Slovenia | 2,430 | 2023 | +2.23% | +2.36% | View data |
| 10 | 10 Estonia | 34.07 | 2023 | -0.76% | +0.32% | View data |
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