The market value of generic drugs in Latin America was forecast to reach nearly 51 billion U.S. dollars by 2027, up from an estimated 37 billion U.S. dollars in 2022. In 2021, Brazil was the biggest market within the pharmaceutical industry among countries in Latin America.
Value of the generic pharmaceutics market in Latin America from 2022 to 2027
(in billion U.S. dollars)
This Statista estimate is based on the calculated 2022 value and the compound annual growth rate until 2027 of 6.41%, which were provided by the source. An exponential development of the value was assumed.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (May 10, 2023). Value of the generic pharmaceutics market in Latin America from 2022 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/
Statista. "Value of the generic pharmaceutics market in Latin America from 2022 to 2027 (in billion U.S. dollars)." Chart. May 10, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/
Statista. (2023). Value of the generic pharmaceutics market in Latin America from 2022 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/
Statista. "Value of The Generic Pharmaceutics Market in Latin America from 2022 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 May 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/
Statista, Value of the generic pharmaceutics market in Latin America from 2022 to 2027 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/ (last visited November 10, 2024)
Value of the generic pharmaceutics market in Latin America from 2022 to 2027 (in billion U.S. dollars) [Graph], Statista, May 10, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/
