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.
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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 December 25, 2024, from https://www.statista.com/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 December 25, 2024. https://www.statista.com/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: December 25, 2024. https://www.statista.com/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/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/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/ (last visited December 25, 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/statistics/1069039/latin-america-generic-pharmaceuticals-market-value/
