Spain Pharmaceutical Market Size & Outlook, 2024-2030
Spain pharmaceutical market, 2018-2030 (US$M)
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Spain pharmaceutical market highlights
- The Spain pharmaceutical market generated a revenue of USD 37,650.9 million in 2024 and is expected to reach USD 56,727.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.1% 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.
Pharmaceutical market data book summary
| Market revenue in 2024 | USD 37,650.9 million |
| Market revenue in 2030 | USD 56,727.5 million |
| Growth rate | 7.1% (CAGR from 2025 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Spain accounted for 2.3% of the global pharmaceutical market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany pharmaceutical market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 56,727.5 million by 2030.
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Pharmaceutical Market Scope
Pharmaceutical Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 58.1% in 2024. Horizon Databook has segmented the Spain pharmaceutical market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
The Spain pharmaceutical market is experiencing significant growth driven by several key factors, including increasing healthcare expenditure, a rising aging population, and an expanding demand for innovative treatments. The Spanish healthcare system benefits from robust government support, allowing for higher healthcare spending, which boosts the pharmaceutical market.
The government’s focus on improving healthcare infrastructure and accessibility is leading to more widespread use of pharmaceutical products across various segments. Furthermore, the growing burden of chronic diseases, coupled with advancements in medical research and drug development, is pushing the demand for both branded and generic medicines.
Branded pharmaceuticals dominate the market due to their innovative formulations and extensive research and development (R&D) efforts by major pharmaceutical companies. Market leaders like F. Hoffmann-La Roche Ltd., Novartis AG, and Pfizer Inc. are investing heavily in advanced therapies, including biologics and precision medicines.
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Target buyers of Spain 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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Horizon Databook provides a detailed overview of country-level data and insights on the Spain pharmaceutical market , including forecasts for subscribers. This country databook contains high-level insights into Spain pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain pharmaceutical market size, by molecule, 2018-2030 (US$M)
Spain Pharmaceutical Market Outlook Share, 2024 & 2030 (US$M)
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