Latin America Pharmaceutical Manufacturing Market Size & Outlook
Latin America pharmaceutical manufacturing market, 2018-2030 (US$M)
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Latin America pharmaceutical manufacturing market highlights
- The Latin America pharmaceutical manufacturing market generated a revenue of USD 15,708.7 million in 2023.
- The market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule type in 2023.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 15,708.7 million |
| Market revenue in 2030 | USD 28,949.5 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules) |
| Key market players worldwide | Roche Holding AG ADR, Novartis AG ADR, GlaxoSmithKline, Pfizer Inc, Merck & Co Inc, AstraZeneca PLC, Johnson & Johnson, Sanofi SA, Eli Lilly and Co, AbbVie Inc, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, Samsung BioLogics, FUJIFILM Holdings Corp, Lonza Group Ltd, Catalent Inc, Jubilant Pharmova |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.1% of the global pharmaceutical manufacturing market in 2023.
- Globally, North America 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 207,213.6 million by 2030.
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Pharmaceutical Manufacturing Market Scope
Pharmaceutical Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America pharmaceutical manufacturing 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 manufacturing market will help companies and investors design strategic landscapes.
Conventional drugs (small molecules) was the largest segment with a revenue share of 61.43% in 2023. Horizon Databook has segmented the Latin America pharmaceutical manufacturing market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
Persistent inequities in the distribution of wealth, coupled with social exclusion, can impact outcomes in the healthcare industry. Brazil is considered a key contributor to the Latin American market growth, followed by Mexico.
The region is experiencing several developments in the pharmaceutical manufacturing market despite diverse & complex demographics, complex reimbursement regulations, and a dynamic political environment.
Acknowledging these shortcomings, standardization of pharmaceutical regulations has been initiated, along with the development of regional free-trade zones. These initiatives are expected to propel the regional pharmaceutical manufacturing market.
Increasing government spending, growing investments by major pharmaceutical & biopharmaceutical companies, and the presence of major academic research institutes are factors likely to promote market growth.
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Target buyers of Latin America pharmaceutical manufacturing market databook
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Our clientele includes a mix of pharmaceutical manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pharmaceutical manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pharmaceutical manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pharmaceutical manufacturing market size, by country, 2018-2030 (US$M)
Latin America Pharmaceutical Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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