In 2023, Slovenia led in the output of basic pharmaceutical products and preparations with a valuation of 2.91 billion Euros, demonstrating a 4.75% increase from the previous year. Greece followed at 2.09 billion Euros, rising by 2.34%. Cyprus recorded significant growth at 16.74%, reaching 0.57782 billion Euros. Meanwhile, Slovakia faced a decline of 3.05%, now at 0.15208 billion Euros, and Lithuania experienced a modest increase of 0.76% with a value of 0.14831 billion Euros.
Future trends to watch include:
- Increased pharmaceutical investments in technology and innovation to enhance production efficiency.
- Impact of regulatory changes and healthcare demands on production volumes and market expansion.
- The anticipated growth in generic drug markets and emerging pharmaceutical sectors driven by aging populations and healthcare digitization.
Top countries in Output of Basic Pharmaceutical Products and Preparations by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 2,910 | 2023 | +3.52% | +4.75% | View data |
| 2 | 2 Greece | 2,090 | 2023 | +0.79% | +2.34% | View data |
| 3 | 3 Cyprus | 577.82 | 2023 | +13.13% | +16.74% | View data |
| 4 | 4 Slovakia | 152.08 | 2023 | -2.03% | -3.05% | View data |
| 5 | 5 Lithuania | 148.31 | 2023 | +0.53% | +0.76% | View data |
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