Argentina Pharmaceutical Market Size & Outlook, 2024-2030
Argentina pharmaceutical market, 2018-2030 (US$M)
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Argentina pharmaceutical market highlights
- The Argentina pharmaceutical market generated a revenue of USD 10,941.4 million in 2024 and is expected to reach USD 14,191.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.4% from 2025 to 2030.
- In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule in 2024.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule segment registering the fastest growth during the forecast period.
Pharmaceutical market data book summary
| Market revenue in 2024 | USD 10,941.4 million |
| Market revenue in 2030 | USD 14,191.4 million |
| Growth rate | 4.4% (CAGR from 2025 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules) |
| Key market players worldwide | Merck & Co Inc, Roche Holding AG, Novartis AG ADR, AbbVie Inc, Johnson & Johnson, Pfizer Inc, Bristol-Myers Squibb Co, Sanofi SA, GSK PLC, Takeda Pharmaceutical Co Ltd |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.7% of the global pharmaceutical market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil pharmaceutical market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 48,616.9 million by 2030.
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Pharmaceutical Market Scope
Pharmaceutical Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina pharmaceutical 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 market will help companies and investors design strategic landscapes.
Conventional drugs (small molecules) was the largest segment with a revenue share of 56.67% in 2024. Horizon Databook has segmented the Argentina pharmaceutical market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is the fourth-largest pharmaceutical market in Latin America, valued at USD 7.3 billion in 2023. The country’s pharmaceutical landscape is predominantly driven by prescription drugs, which account for 88.5% of total sales. Patented drugs make up a significant portion, at 63.8%, while generics represent 24.7% of the market.
Over the counter (OTC) drugs hold the remaining 11.5% of the market share. This market structure reflects both Argentina’s strong demand for healthcare solutions and its reliance on both branded and generic pharmaceuticals.
The pharmaceutical market in Argentina is highly competitive, with key international players such as Bayer, Roche, Novartis, and Abbott making significant contributions. These global companies are joined by prominent local firms, including Roemmers, Bagó, Elea, and Gador, which play an essential role in driving the market's growth.
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Our clientele includes a mix of pharmaceutical market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Argentina pharmaceutical market , including forecasts for subscribers. This country databook contains high-level insights into Argentina pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Argentina pharmaceutical market size, by molecule, 2018-2030 (US$M)
Argentina Pharmaceutical Market Outlook Share, 2024 & 2030 (US$M)
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