Latin America Pharmacy Market Size & Outlook, 2024-2030

The pharmacy market in Latin America is expected to reach a projected revenue of US$ 62,377.0 million by 2030. A compound annual growth rate of 9.4% is expected of Latin America pharmacy market from 2025 to 2030.
Revenue, 2024 (US$M)
$36,320.0
Forecast, 2030 (US$M)
$62,377.0
CAGR, 2025 - 2030
9.4%
Report Coverage
Latin America

Latin America pharmacy market highlights

  • The Latin America pharmacy market generated a revenue of USD 36,320.0 million in 2024.
  • The market is expected to grow at a CAGR of 9.4% from 2025 to 2030.
  • In terms of segment, prescription was the largest revenue generating product in 2024.
  • OTC is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.

Latin America data book summary

Market revenue in 2024USD 36,320.0 million
Market revenue in 2030USD 62,377.0 million
Growth rate9.4% (CAGR from 2024 to 2030)
Largest segmentPrescription
Fastest growing segmentOTC
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPrescription, OTC
Key market players worldwideCVS Health Corp, Walgreens Boots Alliance Inc, The Cigna Group, Walmart Inc, The Kroger Co, Rite Aid Corp, WELL Health Technologies Corp, Humana Inc

Other key industry trends

  • In terms of revenue, Latin America region accounted for 2.7% of the global pharmacy market in 2024.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 71,906.0 million by 2030.

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Pharmacy Market Companies

Name Profile # Employees HQ Website

Latin America pharmacy 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 pharmacy market will help companies and investors design strategic landscapes.


Prescription was the largest segment with a revenue share of 73.71% in 2024. Horizon Databook has segmented the Latin America pharmacy market based on prescription, otc covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Pharmacy Product Outlook (Revenue, USD Million, 2018-2030)
    • Prescription
    • OTC
  • Latin America Pharmacy Pharmacy Type Outlook (Revenue, USD Million, 2018-2030)
    • Hospital Pharmacy
    • ePharmacy
    • Other Pharmacy Type
    • Retail Pharmacy
      • Chain
      • Independent
      • Other Retail Pharmacy

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Target buyers of Latin America pharmacy market databook

  • Our clientele includes a mix of pharmacy 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 continent-level data and insights on the Latin America pharmacy market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America pharmacy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America pharmacy market size, by country, 2018-2030 (US$M)

Latin America Pharmacy Market Share, 2024 & 2030 (US$M)

Latin America pharmacy market size, by country, 2018-2030 (US$M)

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