Industry Statistics and Trends
Pharmaceutical Product & Preparations Manufacturing in Europe key trends
The European pharmaceutical manufacturing industry is on an upward trajectory.
An ageing population and increased healthcare expenditure are leading to rising demand for pharmaceuticals.
The industry's importance was magnified during the COVID-19 pandemic.
It is likely to continue its growth in the coming years, supported by pharmaceutical reforms and technological advancements; however, it faces stiff competition from overseas suppliers.
Access all insights and trends with purchase. View purchase options.
Pharmaceutical Product & Preparations Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
Access the 5-year outlook with purchase. View purchase options
Pharmaceutical Product & Preparations Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 1.0 % over the past five years, to reach an estimated €613.5bn in 2024.
Trends and Insights
The UK has led vaccine development efforts
- The rapid spread of COVID-19 led to global pharmaceutical manufacturers (including European manufacturers) racing to develop, patent and commercialise vaccines to combat the pandemic.
Access all 8 market size insights and trends with purchase. View purchase options.
Pharmaceutical Product & Preparations Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Reform of EU pharma policy will shape prospects
- After four years of deliberation, the EU Commission submitted its proposals for new legislation regarding the authorisation of safe, effective and high-quality medicinal products on 26 April 2023.
Access all 7 forward-looking insights and industry data forecasts with purchase. View purchase options.
Revenue
€613.5bn
Employees
962k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
Explore all 37 country performance rankings and data sheets with your membership purchase.
Biggest companies in the Pharmaceutical Product & Preparations Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Roche Holding AG | 81,030.9 | 16,069.2 | 19.8 | |
Novartis International AG | 53,101.4 | 9,653.1 | 18.2 | |
Bayer AG | N/A | N/A | N/A |
Access statistics and analysis on all 10 companies with purchase. View purchase options.
Pharmaceutical Product & Preparations Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
Access all segmentation data and analysis with purchase. View purchase options.
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Pharmaceutical Product & Preparations Manufacturing industry in Europe in 2024?
The market size of the Pharmaceutical Product & Preparations Manufacturing industry in Europe is €613.5bn in 2024.
How many businesses are there in the Pharmaceutical Product & Preparations Manufacturing in Europe industry in 2024?
There are 9,323 businesses in the Pharmaceutical Product & Preparations Manufacturing industry in Europe, which has grown at a CAGR of 6.3 % between 2019 and 2024.
Has the Pharmaceutical Product & Preparations Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Pharmaceutical Product & Preparations Manufacturing industry in Europe has been declining at a CAGR of 1.0 % between 2019 and 2024.
What is the forecast growth of the Pharmaceutical Product & Preparations Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Pharmaceutical Product & Preparations Manufacturing industry in Europe is expected to grow.
What does the Pharmaceutical Product & Preparations Manufacturing in Europe include?
Medicine containing iodine, vitamins and alkaloids and Antisera are part of the Pharmaceutical Product & Preparations Manufacturing industry.
Which countries have the most businesses in the Pharmaceutical Product & Preparations Manufacturing industry in Europe?
The European country with the most businesses in the Pharmaceutical Product & Preparations Manufacturing industry is Russia.
How competitive is the Pharmaceutical Product & Preparations Manufacturing industry in Europe?
The level of competition is high and steady in the Pharmaceutical Product & Preparations Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Pharmaceutical Product & Preparations Manufacturing in Greece
- Pharmaceutical Product & Preparations Manufacturing in Romania
- Pharmaceutical Product & Preparations Manufacturing in Norway
- Pharmaceutical Product & Preparations Manufacturing in Italy
- Pharmaceutical Product & Preparations Manufacturing in the UK
- Pharmaceutical Product & Preparations Manufacturing in Sweden
- Pharmaceutical Product & Preparations Manufacturing in Germany
- Pharmaceutical Product & Preparations Manufacturing in Latvia
- Pharmaceutical Product & Preparations Manufacturing in Bosnia & Herzegovina
- Pharmaceutical Product & Preparations Manufacturing in Luxembourg
- Pharmaceutical Product & Preparations Manufacturing in Russia
- Pharmaceutical Product & Preparations Manufacturing in Slovakia
- Pharmaceutical Product & Preparations Manufacturing in Hungary
- Pharmaceutical Product & Preparations Manufacturing in Denmark
- Pharmaceutical Product & Preparations Manufacturing in Poland
- Pharmaceutical Product & Preparations Manufacturing in Malta
- Pharmaceutical Product & Preparations Manufacturing in Croatia
- Pharmaceutical Product & Preparations Manufacturing in Slovenia
- Pharmaceutical Product & Preparations Manufacturing in Austria
- Pharmaceutical Product & Preparations Manufacturing in France
- Pharmaceutical Product & Preparations Manufacturing in Lithuania
- Pharmaceutical Product & Preparations Manufacturing in the Netherlands
- Pharmaceutical Product & Preparations Manufacturing in Belgium
- Pharmaceutical Product & Preparations Manufacturing in Cyprus
- Pharmaceutical Product & Preparations Manufacturing in Estonia
- Pharmaceutical Product & Preparations Manufacturing in Iceland
- Pharmaceutical Product & Preparations Manufacturing in Europe
- Pharmaceutical Product & Preparations Manufacturing in Spain
- Pharmaceutical Product & Preparations Manufacturing in Portugal
- Pharmaceutical Product & Preparations Manufacturing in Serbia
- Pharmaceutical Product & Preparations Manufacturing in Switzerland
- Pharmaceutical Product & Preparations Manufacturing in Czechia
- Pharmaceutical Product & Preparations Manufacturing in Turkey
- Pharmaceutical Product & Preparations Manufacturing in Ireland
- Pharmaceutical Product & Preparations Manufacturing in Finland
- Pharmaceutical Product & Preparations Manufacturing in Bulgaria
- Basic Pharmaceutical Product Manufacturing in the UK
- Pharmaceutical Preparations Manufacturing in the UK
- Pharmaceutical Preparations Manufacturing in Germany
- Basic Pharmaceutical Product Manufacturing in Germany
- Basic Pharmaceutical Product Manufacturing in Ireland
- Basic Pharmaceutical Product Manufacturing in Ireland
- Pharmaceutical Preparations Manufacturing in Ireland
- Pharmaceutical Preparations Manufacturing in Ireland
Table of Contents
About this industry
Industry definition
Industry operators produce basic pharmaceutical products and pharmaceutical preparations, such as vaccines, antibiotics and antisera. Other activities include manufacturing medicinal chemical and botanical products.
Related Terms
ANTISERA GENERICS BIOSIMILARSWhat's included in this industry?
Medicine containing iodine, vitamins and alkaloidsAntiseraMedicine containing hormonesVaccinesChemically pure sugarCompanies
Roche Holding AGNovartis International AGBayer AGIndustry Code
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations in Europe
View up to 10 companies with purchase. View purchase options.
Performance
Key Takeaways
The UK has led vaccine development efforts
View more insights with purchase. View purchase options.
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Pharmaceutical Product & Preparations Manufacturing in Europe industry (2011 -2029)
- Employees in the Pharmaceutical Product & Preparations Manufacturing in Europe industry (2011 -2029)
- Business in the Pharmaceutical Product & Preparations Manufacturing in Europe industry (2011 -2029)
- Profit in the Pharmaceutical Product & Preparations Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Pharmaceutical Product & Preparations Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Pharmaceutical Product & Preparations Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Pharmaceutical Product & Preparations Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Pharmaceutical Product & Preparations Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Geopolitical events have had a direct impact on the pharmaceutical industry. The Russia-Ukraine war and other geopolitical events are driving demand for specific medicines and medical products, like iodine and antisera.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Pharmaceutical Product & Preparations Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Pharmaceutical Product & Preparations Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Pharmaceutical Product & Preparations Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The European pharmaceutical industry exhibits a significant level of concentration. A few major manufacturers dominate the market, highlighting the challenge for smaller companies to compete effectively.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Roche Holding AG
- Countries of operation for Novartis International AG
- Countries of operation for Bayer AG
- Countries of operation for Sanofi SA
- Countries of operation for AstraZeneca plc
- Countries of operation for GSK plc
- Countries of operation for Novo Nordisk A/S
- Countries of operation for Merck KGaA
- Countries of operation for BioNTech SE
- Countries of operation for Genmab AS
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
The industry operates under strict and evolving regulatory frameworks. These ensure product safety and efficacy. Compliance with these regulations is paramount and companies must stay agile in adapting to changing policies to remain competitive.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Pharmaceutical Product & Preparations Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Extensive research and development investments are impacting profitability. The average industry profit margin is low despite revenue growth driven by the COVID-19 pandemic and vaccine introduction. The emphasis on research and large-scale trials is temporarily constraining profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Pharmaceutical Product & Preparations Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
