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Industry revenue of “dispensing chemist in specialised stores“ in Portugal 2011-2023

Over the past few years, the Portuguese pharmaceutical market has been hard hit by drug shortages. In fact, in 2018, only 43 percent of the medicines approved by the European Medicines Agency (EMA) were available to patients, with nearly 64 million packs of medicines being unavailable in pharmacies, as per data from portugalnews.com. This is one of the main reasons the country’s pharmacies are expected to witness only marginal growth between 2015-2023.

The lack of domestic manufacturing has resulted in a trade deficit in the pharmaceutical sector, as majority of the demand is fulfilled though imports. In 2018, the value of the country’s medicinal imports amounted to more than double than that of exports. This has resulted in a closure of many pharmacies over the years. In 2015, the number of pharmacies in the country amounted to 2935.

Like majority of the European nations, a large number of the medicines in Portugal are imported from nations in the Asia pacific region such as China and India.

Industry revenue of “dispensing chemist in specialised stores“ in Portugal from 2011 to 2023

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Source

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 Portugal. The industry “dispensing chemist in specialised stores“ has the code “G4773“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Portugal"

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