In 2022, the value of the biopharmaceuticals market in Latin America was estimated at 29.56 billion U.S. dollars. The figure was forecast to increase to 38.99 billion U.S. dollars by 2025 and could reach 46.89 billion U.S. dollars by 2027. Biopharmaceuticals encompass neurology, infectious diseases, diabetes, oncology, cardiovascular and other therapeutic areas.
Value of the biopharmaceuticals 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 9.7%, which were provided by the source. An exponential development of the value was assumed.
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Statista. (May 10, 2023). Value of the biopharmaceuticals market in Latin America from 2022 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/790036/biopharmaceuticals-market-value-latin-america/
Statista. "Value of the biopharmaceuticals market in Latin America from 2022 to 2027 (in billion U.S. dollars)." Chart. May 10, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/790036/biopharmaceuticals-market-value-latin-america/
Statista. (2023). Value of the biopharmaceuticals market in Latin America from 2022 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/790036/biopharmaceuticals-market-value-latin-america/
Statista. "Value of The Biopharmaceuticals 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/790036/biopharmaceuticals-market-value-latin-america/
Statista, Value of the biopharmaceuticals market in Latin America from 2022 to 2027 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/790036/biopharmaceuticals-market-value-latin-america/ (last visited September 20, 2024)
Value of the biopharmaceuticals 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/790036/biopharmaceuticals-market-value-latin-america/