Europe Pharmaceutical Market Worth $432.12 Billion By 2028
Europe Pharmaceutical Industry Overview The Europe pharmaceutical market size is expected to reach USD 432.12 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2021 to 2028. The market is driven by an increasing prevalence of diseases, a growing elderly population, and the approval and launch of novel products in the European region. Europe Pharmaceutical Market Segmentation Grand View Research has segmented the Europe pharmaceutical market based on product, type, therapeutic category, and region: Based on the Product Insights, the market is segmented into Branded, Generic. The branded segment accounted for the largest revenue share of over 65.0% in 2020 owing to the presence of key drug manufacturers and clinical-based pharmaceutical companies in the region. Increasing R&D efforts, the growing adoption of novel therapies, and strategic collaborations are likely to boost the penetration of t...