Germany - Europe's Largest Pharmaceutical Market

1. GERMANY- EUROPE'S LARGEST PHARMACEUTICAL MARKET Germany is one of the most developed healthcare markets in the world and a strategic gateway to the EU single market for international companies. Revenue Of Leading Pharmaceutical Markets In Europe In 2022(In $Bn) Current Health Expenditure Per Capita (In $) Germany France Italy Spain Poland Belgium Austria Sweden Romania Portugal Czechia Netherlands Greece Finland Hungary 2012 $56.32 $4,766 $44.19 2013 $5,100 $38.21 $30.18 2014 $5,307 12.81% $9.61 $8.50 $6.40 $5.43 $5.09 $4.87 $4.35 $3.92 $3.52 $3.13 $3.11 2015 $4,625 2016 $4,743 of Germany's GDP is currently allocated to health expenditure, as of 2021 6.4% 2017 $5,065 2018 $5,504 compound annual growth rate 2017-2022 in the German pharma market $5,478 2019 2020 $5,930 2021 $6,503 Healthcare Expenditure, By Funding 2021 $37.53 Bn $9.44 Bn $110.20 Bn Statutory health insurance 6.21% Households and private non-profit institutions 7.75% R&D investments bypharma companies in Germany in 2021- more than in any other European country Production value in 2021- one of Europe'stop pharmaceutical production locations German pharma exports in 2021- world's leading exporter of medicinal products Statutory long-term care insurance Public budgets 8.64% Private health insurance Other funding sources 53.82% 12.90% 12.69% WHY IS GERMANY A STRONG ECONOMY? Germany isthe EU's largest and mostpopulous economy and the fourth-largest globally by nominal GDP Revenue Of Leading Pharmaceutical Markets In Europe In 2022(In $Bn) GDP By Economic Sector,2021 United States China Japan Germany India United Kingdom France Russia Canada Italy Brazil Australia Korea Mexico Spain Indonesia Saudi Arabia Netherlands Turkey Switzerland $25.46 Agriculture Manufacturing $17.89 $4.24 $4.24 $3.39 $3.08 $2.78 $2.24 $2.14 $2.01 $1.92 $1.70 $1.67 $1.47 $1.42 $1.32 $1.11 $1.01 $0.91 $0.82 Industry Excl. Manufacturing Services 72.2% 72% 72.6% 7.3% 20.3% 20% 18.3% Germany's GDP increased from 2021 to 2022 7.3% 8.3% 6.8% 0.7% 0.7% 0.8% 2013-15 2016-18 2019-21 International trade: Economic structure: In 2021, manufactured products made up84% of total merchandise exports, mineral fuels3%, food 5%, ores and metals3% and agricultural raw materials1%,with other categories accounting for4% of the total. In the same period, manufactured products made up72% of total merchandise imports, mineral fuels9%, food 8%, ores and metals5% and agricultural raw materials1%,with other goods accounting for5% of the total. Total exportswere worth $1,640 Bn in 2022,while total importswere $1,517 Bn. In 2021,services accounted for73% of overall GDP, manufacturing 18%, other industrial activity 8%, and agriculture 1%. Looking at GDP by expenditure,private consumption accounted for49% of GDP in 2021, government consumption 22%, fixed investment23%, and net exports6%. Key Exports,2021 Key Imports,2021 Manufactured Products Manufactured Products 6.9% Ores& Metals Food 10.8% 7.7% Others Mineral Fuels 5.5% Food 8.7% Others 5.2% 83.7% 71.5% PHARMACEUTICAL COMPANIES IN GERMANY Headquarter in Germany