The market is dominated by foreign suppliers, as imports account for 73.8% of total market size in 2023. Government drives market demand, with government spending representing 45.9% of total demand in 2023. Spain has the fourth largest market size for pharmaceuticals regionally, with demand reaching USD56.9 billion in 2023. Novartis Farmaceutica SA is the largest company in Spain, generating 8.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 23.1% of total production value in 2023. The total number of companies increases in 2023, to 385 units. The costs of the industry increase by 16.4% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 19.9% of production value in 2023, the fifth highest regionally. The industry’s exports share decreases in 2023 to 70.4% of total production output. With production value of USD36.0 billion, Spain accounts for 5.6% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Pharmaceuticals in Spain: ISIC 2423. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pharmaceuticals in Spain: ISIC 2423 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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