The European biotechnology sector reveals diverse performances across nations in terms of enterprise numbers. Italy leads, contributing over 36%, showcasing a surge, mirrored by Spain's 12.73% share with a notable 9.09% year-on-year growth. Meanwhile, the UK, Netherlands, and Germany hold mid-level shares but with varied performance, with the Netherlands showing an impressive 11.95% increase. Italy, Belgium, and Austria also exhibit strong growth rates. Conversely, Germany slightly declinated by -0.21%. Smaller markets such as Lithuania and Denmark are emerging rapidly with double-digit growth, indicating potential opportunities.
Future trends to watch include further growth in the Netherlands and Spain given their robust increase rates. Emerging markets such as Lithuania and Denmark may see expansion as they gain momentum. Additionally, maintaining innovation and investment could be crucial for competitive advantage across all countries.
Top countries in Number of Enterprises of Biotechnology Research and Experimental Development Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.21 | 2023 | +5.5% | +7.74% | View data |
| 2 | 2 Spain | 12.73 | 2023 | +6.04% | +9.09% | View data |
| 3 | 3 United Kingdom | 7.8 | 2023 | +4.1% | +4.34% | View data |
| 4 | 4 Netherlands | 7.1 | 2023 | +9.05% | +11.95% | View data |
| 5 | 5 France | 6.69 | 2023 | +0.46% | +1.88% | View data |
| 6 | 6 Germany | 5.33 | 2023 | +2% | -0.21% | View data |
| 7 | 7 Belgium | 3.56 | 2023 | +14.2% | +7.46% | View data |
| 8 | 8 Sweden | 3.22 | 2023 | +1.74% | +3.69% | View data |
| 9 | 9 Poland | 2.4 | 2023 | +5.08% | +4.79% | View data |
| 10 | 10 Hungary | 2.09 | 2023 | +0.59% | +0.72% | View data |
