Latin America Pharmaceutical Contract Manufacturing And Research Services Market Size & Outlook
Latin America pharmaceutical contract manufacturing and research services market, 2018-2030 (US$M)
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Latin America pharmaceutical contract manufacturing and research services market highlights
- The Latin America pharmaceutical contract manufacturing and research services market generated a revenue of USD 24,360.8 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, manufacturing was the largest revenue generating service in 2023.
- Research is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 24,360.8 million |
| Market revenue in 2030 | USD 40,313.6 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Research |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing, Research |
| Key market players worldwide | Catalent Inc, Pharmaceutical Product Development, AbbVie Inc, Baxter International Inc, Grifols SA Ordinary Shares - Class A, Dalton Pharma Services, Boehringer Ingelheim, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.0% of the global pharmaceutical contract manufacturing and research services market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 173,901.2 million by 2030.
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Pharmaceutical Contract Manufacturing And Research Services Market Scope
Pharmaceutical Contract Manufacturing And Research Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America pharmaceutical contract manufacturing and research services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical contract manufacturing and research services market will help companies and investors design strategic landscapes.
Manufacturing was the largest segment with a revenue share of 66.2% in 2023. Horizon Databook has segmented the Latin America pharmaceutical contract manufacturing and research services market based on manufacturing, research covering the revenue growth of each sub-segment from 2018 to 2030.
Latin American countries hold great growth prospects for pharmaceutical contract manufacturing in the foreseeable future.
Expansion of international and well-established companies, such as Pharmaceutical Product Development Inc (PPD) and IQVIA, in countries such as Brazil, Mexico, Argentina, and Chile is one of the key drivers propelling the growth of Latin America market.
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Target buyers of Latin America pharmaceutical contract manufacturing and research services market databook
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Our clientele includes a mix of pharmaceutical contract manufacturing and research services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pharmaceutical contract manufacturing and research services market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America pharmaceutical contract manufacturing and research services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pharmaceutical contract manufacturing market size, by country, 2018-2030 (US$M)
Latin America Pharmaceutical Contract Manufacturing And Research Services Market Share, 2023 & 2030 (US$M)
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