UK Pharmaceutical Market Size & Outlook, 2024-2030
UK pharmaceutical market, 2018-2030 (US$M)
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UK pharmaceutical market highlights
- The UK pharmaceutical market generated a revenue of USD 63,480.1 million in 2024 and is expected to reach USD 90,646.8 million by 2030.
- The UK market is expected to grow at a CAGR of 6.1% 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 63,480.1 million |
| Market revenue in 2030 | USD 90,646.8 million |
| Growth rate | 6.1% (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, UK accounted for 3.9% 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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UK 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 57.56% in 2024. Horizon Databook has segmented the UK 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 UK pharmaceutical market driven by rising healthcare spending on pharmaceutical products. In 2023, the UK’s healthcare expenditure was estimated at approximately USD 360.31 billion, reflecting a 5.6% nominal increase from the previous year.
However, after adjusting for inflation, total healthcare spending declined by 1.4%. Healthcare expenditure as a percentage of GDP slightly decreased to 10.9% from 11.1% in 2022, as economic growth outpaced healthcare spending. Government-funded healthcare expenditure accounted for around USD 294.92 billion, representing a real-term decline of 2.1%.
One of the most significant shifts in the sector was a 16.6% reduction in real-term pharmaceutical spending, primarily due to lower costs associated with the COVID-19 vaccination program. Meanwhile, long-term health and social care spending increased by 2.8%, underscoring the growing demand for sustained healthcare support, particularly for chronic conditions and aging-related care.
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Target buyers of UK 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 country-level data and insights on the UK pharmaceutical market , including forecasts for subscribers. This country databook contains high-level insights into UK pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK pharmaceutical market size, by molecule, 2018-2030 (US$M)
UK Pharmaceutical Market Outlook Share, 2024 & 2030 (US$M)
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