Brazil Pharmaceutical Market Size & Outlook, 2024-2030
Brazil pharmaceutical market, 2018-2030 (US$M)
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Brazil pharmaceutical market highlights
- The Brazil pharmaceutical market generated a revenue of USD 34,660.4 million in 2024 and is expected to reach USD 48,616.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.8% 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 34,660.4 million |
| Market revenue in 2030 | USD 48,616.9 million |
| Growth rate | 5.8% (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, Brazil accounted for 2.1% 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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Brazil 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 57.4% in 2024. Horizon Databook has segmented the Brazil pharmaceutical market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest and highest-value pharmaceutical market in Latin America, with a major focus on generic drugs due to their affordability. The country benefits from universal healthcare coverage through its unified Sistema Único de Saúde (SUS), which provides treatments and services at no cost to the population.
With nearly 7,500 medical facilities—more than any other Latin American country—Brazil’s healthcare infrastructure supports a rapidly growing demand for pharmaceuticals. Additionally, 23% of the population has private healthcare insurance, further expanding access to medical services. Brazil's pharmaceutical market offers lucrative opportunities, particularly for international companies.
These companies are increasingly investing in the country due to the higher return on investment available in emerging markets like Brazil, compared to developed markets. This investment is also fueled by Brazil's growing pharmaceutical demand, particularly driven by an aging population and the rising incidence of non-communicable diseases (NCDs) like hypertension, oncology, and obesity—21.5% of Brazilians are obese and highly susceptible to NCDs.
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Target buyers of Brazil pharmaceutical market databook
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Our clientele includes a mix of pharmaceutical 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 country-level data and insights on the Brazil pharmaceutical market , including forecasts for subscribers. This country databook contains high-level insights into Brazil pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil pharmaceutical market size, by molecule, 2018-2030 (US$M)
Brazil Pharmaceutical Market Outlook Share, 2024 & 2030 (US$M)
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