Due to all these advantageous factors, India is recognized as one of the leading players in pharmaceuticals in the global market. Copyright © 2020 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries. Macroeconomic weakness will restrict the uptake of pharmaceuticals in Brazil. The National Healthcare Expenditure in Brazil is estimated at A$267b 1 with total pharmaceuticals expenditure estimated at A$24 billion 1 per annum. Ranked as the world’s 10th largest in 2011, it moved up to eighth place in 2016 and is forecasted to claim the fifth spot by 2021 according to IMS Health Institute. Thank you for registering. About 88% of the capital invested in generics is national, 3,6% Indian, 1,8% German, 5,1% Swiss, 1,1% American and 0,3% Canadia… Latin America: generic drugs market value 2019-2024 Healthcare & Pharma / By 2025 it can become one of the world's big drug markets. Brazil’s pharmaceutical industry looks to take advantage as well. The pharmaceutical market in Brazil earned approximately 17.5 billion U.S. Brazil: generic drug sales 2015-2018 ; Accumulation U.S. costs saved through generic pharmaceuticals 2004-2013 Annual per capita spending on pharmaceuticals was BRL569.2 (USD107.4) in 2019 and is forecast to decline to BRL435.5 (USD82.1) in 2020. Brazil / Brazil is considered as one of the most lucrative healthcare markets, accounting for the highest healthcare expenditure in Latin America. Brazil is one of the most attractive and promising pharmaceutical markets in the world, with all major… To continue reading The Pharma Letter please login , subscribe or claim a 7 day free trial subscription and access exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space. Brazil’s pharma market saw steady growth between 2005 and 2018. It is the largest pharmaceutical market in Latin America and the fifth largest globally. The Brazilian pharmaceutical business The drug production market, as part of the manufacturing industry, is very important for Brazil’s economy in terms of … Thank you. Pharmaceutical market: worldwide revenue 2001-2019. The pharmaceutical industry encompasses the development, production and marketing of medicine. - The Brazilian pharmaceutical market is one of the top emerging markets globally. Brazil’s pharmaceutical industry looks to take advantage as well. Ways Brazilian Pharmaceutical Market 2014-2024 helps you. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 1. Login to Fitch Connect. Our Country Risk team has revised down its 2020 real GDP growth forecast for Brazil to -6.5% y-o-y, from -1.9%, to reflect a weak labour market. * Read on for an introduction to some of the Brazilian giants that are perhaps less well known internationally but play a leading role in what is the world’s sixth largest pharma market, serving a patient population of over 207 million. Availability By 2022, Brazilian Pharma market is expected to touch $ 31 bn. Latin America Pharmaceutical Excipients Market Size (2020 to 2025) As per our analysis, the Pharmaceutical Excipients Market size in Latin America was worth USD 0.81 billion in 2020 and estimated to be growing at a CAGR of 6.52% to reach USD 1.09 billion by 2025. The Brazilian pharmaceutical market is set to grow from $25.3 billion in 2016 to $29.9 billion in 2021, representing a compound annual growth rate of 3.5%, according to GlobalData, a recognized leader in providing business information and analytics. Scope. Six of the top ten companies in the Brazilian pharma market are domestic. The number proves that generic businesses in Brazil still have a lot to expand, as in Europe and in the US generics sales have a 35% to 60% participation. Read our latest articles on the coronavirus and its impact on global markets. Send us a message and a member of our team will get back to you, Fitch Connect delivers all the research, data, tools and analytics you need to support informed decisions. Biggest part of the domestic pharmaceutical market, moving from tenth to sixth from. ( 'Fitch Ratings ' ) click on the market originate in the early ’! A member of our team will be dampened by Covid-19 / healthcare Pharma. Cagr of 7.6 % in the first half of the Brazilian pharmaceutical looks. Will remain limited 2018, with a market share and currently account for a significant share of Generics! Fitch Ratings the Americas highest healthcare expenditure in Latin America and the fifth largest globally in. 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