Average price of medicines in Latin America 2024, by ailment type

Published by
Jennifer Mendoza,
Oct 28, 2024

According to a study conducted in 2024, Argentina had the highest average price of medicines among seven countries in Latin America, with an average price of 42.4 U.S. dollars. That year, Argentina also had the highest price of medication aimed at chronic diseases, with an average of 42.4 U.S. dollars, compared to the 42.3 U.S. dollars estimated for acute diseases. Within that last category, the price was also the highest in the list.

Average price of medicines in selected countries in Latin America in 2024, by type of ailment (in U.S. dollars)

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Release date

October 2024

Region

Central and South America

Survey time period

March 12 to 21, 2024

Special properties

purchasing power parity (PPP); based on 75 products in at least three pharmacy chains in each country

Supplementary notes

For Peru, the prices of six medicines were not obtained and were not considered to calculate the average. 


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