As of 2023, Switzerland leads European business R&D expenditure in pharmaceuticals, followed by Belgium and Hungary. While Sweden and Finland show lower figures, Italy and Czech Republic demonstrate moderate contributions. Notable year-on-year growth occurred in Belgium and Italy, with declines in countries like Slovakia and Sweden. Over the past five years, Switzerland and Finland have maintained steady growth, indicating robust investment trends within the sector.
Future trends to watch include increasing investment in digitalization and biotechnologies, potentially reshaping R&D expenditure dynamics. Additionally, evolving regulatory frameworks may drive countries to either expand or refine their R&D strategic focus.
Top countries in Business Expenditure on R&D in Basic Pharmaceutical Products and Pharmaceutical Preparations Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 1.08 | 2023 | +1.6% | +2.19% | View data |
| 2 | 2 Belgium | 0.97 | 2023 | +4.52% | +6.97% | View data |
| 3 | 3 Hungary | 0.35 | 2021 | View data | ||
| 4 | 4 Sweden | 0.23 | 2023 | -0.87% | -0.22% | View data |
| 5 | 5 Finland | 0.12 | 2023 | +1.75% | +3.43% | View data |
| 6 | 6 Portugal | 0.062 | 2023 | +1.64% | -0.32% | View data |
| 7 | 7 Italy | 0.057 | 2023 | +1.79% | +3.93% | View data |
| 8 | 8 Spain | 0.047 | 2021 | View data | ||
| 9 | 9 Czech Republic | 0.037 | 2023 | 0% | -1.05% | View data |
| 10 | 10 Poland | 0.029 | 2023 | +11.54% | 0% | View data |
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