Full List of Pharmaceutical Companies in Austria (2023)
by Pharmchoices
Austria is one of the European countries with the highest per capital pharmaceutical spending. There is a huge number of pharmaceutical companies in Austria, and they contribute 18000 direct jobs, with further 63000 indirect jobs. The industry attracts 3.2 billion Euros investment and has a share of 9.6 billion Euros.
PHARMIG – the Association of the Austrian Pharmaceutical Industry has over 120 members. The volunteer group that protects the interest of the pharmaceutical companies in Austria. The group control 95% of the medicines in the Austria market.
Other bodies of the pharmaceutical companies in Austria are the Austrian Generics Medicines Association, PHAGO (Austrian Association of Full-Line Pharmaceutical Wholesalers) and the Austrian Chamber of Pharmacists.
Prescription drugs represent the vast majority of the pharmaceutical manufacturing in Austria with patented drugs having 72% market share. There is a significant growth in the generics drug market.
Austria also commits a huge chunk of investment in the pharmaceutical industry. IN 2017, €311 million was invested in research and development. There are excellent research centres in Austria, such as Research Institute of Molecular Pathology (IMP), Research Center Pharmaceutical Engineering (RCPE), the Institute of Molecular Biotechnology (IMBA) and the Research Center for Molecular Medicine (CeMM).
