Europe Pharmaceutical Market Size & Outlook, 2024-2030
Europe pharmaceutical market, 2018-2030 (US$M)
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Europe pharmaceutical market highlights
- The Europe pharmaceutical market generated a revenue of USD 488,047.0 million in 2024.
- The market is expected to grow at a CAGR of 5.9% from 2025 to 2030.
- In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule in 2024.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 488,047.0 million |
| Market revenue in 2030 | USD 688,440.7 million |
| Growth rate | 5.9% (CAGR from 2025 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules) |
| Key market players worldwide | Merck & Co Inc, Roche Holding AG, Novartis AG ADR, AbbVie Inc, Johnson & Johnson, Pfizer Inc, Bristol-Myers Squibb Co, Sanofi SA, GSK PLC, Takeda Pharmaceutical Co Ltd |
Other key industry trends
- In terms of revenue, Europe region accounted for 29.7% of the global pharmaceutical market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 503,932.0 million by 2030.
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Pharmaceutical Market Scope
Pharmaceutical Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe pharmaceutical market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical market will help companies and investors design strategic landscapes.
Conventional drugs (small molecules) was the largest segment with a revenue share of 57.45% in 2024. Horizon Databook has segmented the Europe pharmaceutical market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
Research-oriented pharmaceutical efforts have emerged as the key asset of the pharmaceutical industry in Europe. This is supplemented by medical advancements caused by constant research, production, and innovation in medicines, with more novel drugs being introduced.
Pharmaceutical manufacturing is one of the region's lucrative sectors, incorporating state-of-the-art technologies. The research-based pharmaceutical sector has the potential to accelerate pharmaceutical production in Europe and ensure its position in this competitive industry.
The R&D in the pharmaceutical sector was considered the major driver in 2020; an estimated USD 41,048 million was invested in R&D in Europe in the same year. As per the EFPIA report of 2021, five countries led pharmaceutical production in 2019.
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Target buyers of Europe pharmaceutical market databook
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Our clientele includes a mix of pharmaceutical market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe pharmaceutical market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pharmaceutical market size, by country, 2018-2030 (US$M)
Europe Pharmaceutical Market Outlook Share, 2024 & 2030 (US$M)
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