Biopharmaceuticals market value in Latin America 2022-2027

Published by
Jennifer Mendoza,
Sep 12, 2024
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)

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Release date

May 2023

Region

LAC

Survey time period

2022

Special properties

forecast

Supplementary notes

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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