The pharmaceutical goods market in Israel saw substantial growth over the past decade, reaching a value of $336 million USD in 2023. Analyzing the market between 2013 and 2023, notable increases included a significant leap in 2017 and consistent growth in more recent years. Over the last two years, growth continued steadily with year-on-year increases of around 5%. The five-year CAGR stabilized around 5.85%, reflecting sustained market expansion.
Future trends to watch include technological advancements in drug development, increased demand for personalized medicines, and regulatory changes potentially influencing market dynamics. Keeping an eye on innovation and policy shifts could further shape this market's trajectory.
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 3,945,000,000 | 2023 | +1.25% | +1.12% | View data |
| 2 | 2 Germany | 3,201,100,000 | 2023 | -1.13% | -2.07% | View data |
| 3 | 3 France | 2,232,000,000 | 2023 | -2.43% | -2.05% | View data |
| 4 | 4 Italy | 1,865,500,000 | 2023 | -1.63% | -2.55% | View data |
| 5 | 5 United Kingdom | 1,766,700,000 | 2023 | -1.52% | -0.63% | View data |
| 13 | 13 Austria | 348,770,000 | 2023 | -0.1% | -0.26% | View data |
| 14 | 14 Switzerland | 340,830,000 | 2023 | +0.95% | +0.64% | View data |
| 15 | 15 Israel | 336,000,000 | 2023 | +5.08% | +5.85% | |
| 16 | 16 Chile | 315,210,000 | 2023 | +1.22% | +0.45% | View data |
| 17 | 17 Thailand | 262,440,000 | 2023 | +1.61% | -0.61% | View data |
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