The research-based biopharmaceutical industry is estimated to have invested €50,000 million in R&D in Europe in 2023. It is also the sector with the highest ratio of R&D investment to net sales. According to the 2023 EU Industrial R&D Investment Scoreboard, health industries invested about €261.4 billion in R&D in 2022, accounting for 20.9% of total business R&D expenditure worldwide.
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