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Pharmaceutical industry in Italy - Statistics & Facts

Italy is on of the leading pharmaceutical producers in Europe. In 2019, the sector boasted a production value of over 34 billion euros, increasing steadily in recent years. Companies operating in the pharmaceutical sector employ about 67 thousand individuals, the majority of whom are highly educated and skilled. These companies totaledrevenues of over 31 billion euros in 2019, and contributed to the country's economy with a value added of approximately 9.2 billion euros.

The Italian pharmaceutical production is extremely export-oriented. The dependency of the sector on foreign markets has increased in the last years. The proof lies in figures reported by international trade institutions: the export value of Italian pharmaceuticals grew nearly twofold since 2012 and reached approximately 32.6 billion euros in 2019. The main destinations of these products were the United States, Belgium, and Germany. On the other hand, Italy is also very dependent on pharmaceutical imports, which, overall, in 2019 were lower than the value of exports.

Research and development are paramount in the pharmaceutical sector. This is very clear to companies active in field. In fact, according to the results of a recent survey, nearly all pharmaceutical companies in Italy invest in research and development to some extent. As a result, the sector invested a total of 1.6 billion euros in R&D in 2019.

Among the leading pharmaceutical producers in Italy, Menarini is by far the leading player. In 2019, the company reported a revenue of 3.8 billion euros, almost twice as high as the revenue reported by Chiesi, one of its direct competitors. After starting the internationalization journey in the 1960s, Menarini consolidated its presence abroad in the 1990s. The effort to internationalize the company paid off: since 2018, some three quarters of Menarini's revenues were generated outside of Italy.

Interesting statistics

In the following 6 chapters, you will quickly find the 37 most important statistics relating to "Pharmaceutical industry in Italy".

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