The pharmaceutical industry in Brazil and Latin America has undergone a remarkable transformation over the past few decades. Twenty years ago, the industry mainly consisted of multinational companies importing products and small family firms marketing local formulations of generic drugs. Today, the market is driven by fast-growing local companies that offer a wide range of
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In a recent blog, we discussed the growth that Latin America’s pharmaceutical market has experienced in recent years and said the trajectory seems promising for the future. Readers responded by asking why we feel the market is so promising, so here is a summary of the top five reasons we believe the market will continue
The pharmaceutical industry in Latin America has grown substantially in the last decade. In the decade ending in 2018, the value of medicine purchases in pharmacies more than doubled in Latin America and the Caribbean. The market grew from US$34.3 billion in 2008 to US$69.5 billion in 2018. The region accounts for 6.3 percent of