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.
New weight loss and diabetes medications are boosting growth.
Novo Nordisk has become the most valuable company in Europe thanks to the success of its drug Ozempic.
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Pharmaceutical Product & Preparations Manufacturing in Europe
Industry Revenue
Total value and annual change from 2012-2030. Includes 5-year outlook.
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Pharmaceutical Product & Preparations Manufacturing in Europe market size (2020-2025)
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated €574.6bn in 2025.
Trends and Insights
Trade uncertainty looms over pharmaceutical manufacturers’ export revenue
- The European pharmaceutical industry is heavily reliant on export markets. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the EU is a net exporter of pharmaceutical products, with the US consistently accounting for almost a third of EU pharmaceutical product exports.
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Pharmaceutical Product & Preparations Manufacturing in Europe outlook (2025-2030)
Market size is projected to grow over the next five years.
EU regulatory overhaul will shape pharmaceutical manufacturers prospects
- On 26 April 2023, the European Commission published its long-awaited proposal for new EU pharmaceutical legislation. The new legislative proposal aims to revise the entire European pharmaceutical legislation, creating a uniform legal framework for the research, development and production of medicinal products at the European level. The proposal includes measures to reduce administrative burden and streamline development timeframes, which could reduce compliance costs for pharmaceutical manufacturers.
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Revenue
€574.6bn
Employees
987k
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Bosnia & Herzegovina +6.9%
- United Kingdom +4.9%
- Slovenia +4.7%
- Bulgaria +4.4%
- Ireland +4.4%
Bottom 5 Countries
- Lithuania -6.0%
- North Macedonia -5.4%
- Estonia -3.6%
- Iceland -1.4%
- Luxembourg -1.4%
* CAGR values are for the years 2020-2025.
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Biggest companies in the Pharmaceutical Product & Preparations Manufacturing in Europe
| Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Roche Holding AG | 65,119.0 | 15,213.0 | 23.4 | |
Novartis International AG | 47,129.0 | 12,954.0 | 27.5 | |
Bayer AG | 45,056.2 | 4,482.6 | 9.9 |
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Pharmaceutical Product & Preparations Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Pharmaceutical Product & Preparations Manufacturing industry in Europe in 2025?
The market size of the Pharmaceutical Product & Preparations Manufacturing industry in Europe is €574.6bn in 2025.
How many businesses are there in the Pharmaceutical Product & Preparations Manufacturing industry in Europe in 2025?
There are 8,356 businesses in the Pharmaceutical Product & Preparations Manufacturing industry in Europe, which has grown at a CAGR of 2.7 % between 2020 and 2025.
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 growing at a CAGR of 0.9 % between 2020 and 2025.
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 industry in Europe include?
Medicine containing iodine, vitamins and alkaloids and Antisera are part of the Pharmaceutical Product & Preparations Manufacturing industry in Europe.
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 the UK
- Pharmaceutical Product & Preparations Manufacturing in Germany
- Pharmaceutical Product & Preparations Manufacturing in Estonia
- Pharmaceutical Product & Preparations Manufacturing in Bosnia & Herzegovina
- Pharmaceutical Product & Preparations Manufacturing in Iceland
- Pharmaceutical Product & Preparations Manufacturing in Europe
- 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
- 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 Finland
- Pharmaceutical Product & Preparations Manufacturing in Bulgaria
- Pharmaceutical Product & Preparations Manufacturing in Luxembourg
- Pharmaceutical Product & Preparations Manufacturing in Russia
- Pharmaceutical Product & Preparations Manufacturing in Slovakia
- Pharmaceutical Product & Preparations Manufacturing in Italy
- Pharmaceutical Product & Preparations Manufacturing in Sweden
- Pharmaceutical Product & Preparations Manufacturing in Poland
- Pharmaceutical Product & Preparations Manufacturing in Latvia
- Pharmaceutical Product & Preparations Manufacturing in Croatia
- Pharmaceutical Product & Preparations Manufacturing in Slovenia
- Pharmaceutical Product & Preparations Manufacturing in Spain
- Pharmaceutical Product & Preparations Manufacturing in Portugal
- Pharmaceutical Product & Preparations Manufacturing in Serbia
- Pharmaceutical Product & Preparations Manufacturing in Hungary
- Pharmaceutical Product & Preparations Manufacturing in Switzerland
- Pharmaceutical Product & Preparations Manufacturing in Czechia
- Pharmaceutical Product & Preparations Manufacturing in Denmark
- Pharmaceutical Product & Preparations Manufacturing in Turkey
- Pharmaceutical Product & Preparations Manufacturing in Ireland
- Pharmaceutical Product & Preparations Manufacturing in Malta
Table of Contents
About this industry
Industry definition
Industry companies produce pharmaceutical products and pharmaceutical preparations, like vaccines, chemical contraceptive products, antibiotics, medical diagnostic preparations, radioactive in-vivo diagnostic substances and biotech pharmaceuticals. It also includes manufacturers of medical impregnated wadding, gauze, bandages and dressings, as well as companies that prepare botanical products for pharmaceutical use.
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
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Performance
Key Takeaways
Trade uncertainty looms over pharmaceutical manufacturers’ export revenue
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Revenue Highlights
Trends
- Revenue
- 2025 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 (2012 -2030)
- Employees in the Pharmaceutical Product & Preparations Manufacturing in Europe industry (2012 -2030)
- Business in the Pharmaceutical Product & Preparations Manufacturing in Europe industry (2012 -2030)
- Profit in the Pharmaceutical Product & Preparations Manufacturing in Europe industry (2012 -2030)
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
The European pharmaceutical industry could face an R&D exodus. Approximately 48% of all global drugs in development have some US R&D development activity in 2024. Up to $113B in European pharma investments could shift to the US by 2029 as tariffs accelerate relocation, while API dependency on Asia complicates cost pressures and production timelines.
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 (2025)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2025)
- Share of Total Industry Enterprises by Region (2025)
- Share of Total Industry Employment by Region (2025)
- Share of Total Industry Wages by Region (2025)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2025)
- IVA (2025)
- Enterprises (2025)
- Employment (2025)
- Exports (2025)
- Imports (2025)
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 (2020-2025)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit Margin (2025)
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. 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 (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
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 (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
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.
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