Revenue of leading European pharmaceutical markets 2023

Germany was the leading pharmaceutical market in Europe with a total revenue of nearly 69 billion euros in 2023. France and Italy followed with revenues of 46.5 billion and 40.7 billion euros respectively. The top five were rounded off by Spain and Poland. 

German pharmaceutical market

When the revenue of the German pharmacy market is broken down, it is prescription drugs that account for the majority of the revenues. Prescription medication accounted for around 39 billion euros of revenue, followed by pharmacy-only drugs at some 3.5 billion euros. 

German pharmaceutical exports

Over a 13-year period, the value of pharmaceutical exports from Germany has skyrocketed. Increasing from approximately 18.8 billion euros in 2000 to some 113 billion euros in 2023. The leading destination for these exports is the United States, followed by the Netherlands and Switzerland.