There are certain key Pharmaceutical organizations in Spain for eg: Almirall, Zeltia, Esteve, Cinfa Laboratories, Universities and Associations like Society of Hospital Pharmacists of Valencia, Spanish Society of Clinical Pharmacology, Spanish Society of Pharmaceutics and Pharmaceutical Technology, FARMAINDUSTRIA and Spanish Association for the Pharmaceutical Industry in Spain which draw major attention in the field of pharma. According to IMS Health study report, in 2011 Spain became the fourth largest pharmaceutical market in Europe with a market size of $22.7 billion. The Spanish market registered a Compound Annual Growth Rate (CAGR) of ~4.4 per cent during CY2007-CY2011. The revenue of the Spanish generic pharma market stood at $2.20 billion in 2010, which is expected to reach $7.19 billion in 2017, at a CAGR of 18.4 per cent from 2010 to 2017. The market is dominated by branded medicines with a share of about 88 per cent value wise which makes Spain one of the important destinations.

Statistics which shows growth in importance of Pharma

Statistics of Researchers and Academicians working on Pharma: Country Wise