Western Europe medical recruitment market is estimated to be valued at US$ 16,598.2 million in 2021 and is expected to exhibit a CAGR of 3.6% over the forecast period (2021-2028).
Market Trends
Increasing R&D expenditure is expected to propel growth of the Western Europe medical recruitment market. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe invested US$ 19, 509 million in 2000, which increased to US$ 39,895 million (est.) in 2018.
Moreover, increasing employment is also expected to propel growth of the Western Europe medical recruitment market over the forecast period. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the number of R&D employment in the pharmaceutical sector in Europe increased from 554,186 units in 2000 to 765, 000 units (est.) in 2018.
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