The market is dominated by foreign suppliers, as imports account for 81.4% of total market size in 2022. Government drives market demand, with government spending representing 47.9% of total demand in 2022. Spain has the fourth largest market size for pharmaceuticals regionally, with demand reaching USD49.1 billion in 2022. Novartis Farmaceutica SA is the largest company in Spain, generating 9.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 24.7% of total production value in 2022. The total number of companies increases in 2022, to 397 units. The costs of the industry increase by 6.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 22.4% of production value in 2022, the fifth highest regionally. The industry’s exports share increases in 2022 to 71.0% of total production output. With production value of USD23.1 billion, Spain accounts for 4.0% of the Western Europe total in 2022.
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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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