Industry revenue of »dispensing chemist in specialised stores« in Italy 2011-2023

Many companies all around the world are today faced with the challenge of securing a competitive advantage while simultaneously adhering to the demands of fiscal austerity. The situation is particularly stark in Europe which has faced the major brunt of the financial meltdown with many countries in the region still reeling in its aftermath. Poland however is an exception to this with its GDP growth peaking in 2018. This is just one of the reasons driving industry revenues which are estimated to increase from 7 billion U.S. dollars in 2018 to 8.6 billion in 2023.

Along with Poland, most of the major countries in the East European region have witnessed a period of solid growth in the business and management consulting domain. This includes Romania which would probably have grown at a faster pace had it not been for the corruption allegations and subsequent political turmoil.

The private sector continues to account for the major chunk of consulting revenues in the country with financial services being the major driver. Companies are exhibiting much interest in replacing or updating legacy systems with technologies such as front-to-back digitization, data and analytics. Other revenue driving industries include retail and manufacturing.

Industry revenue of »dispensing chemist in specialised stores« in Italy from 2011 to 2023

Revenue in billion U.S. Dollars
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Italy. The industry “dispensing chemist in specialised stores“ has the code “G4773“.

Details on the methodology can be found here.

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