Mon 07 Sep, 2020. Businesscoot SAS - 201 rue Championnet - 75018 Paris, France. * Read on for an introduction to some of the Brazilian giants that are perhaps less well known internationally but play a leading role in what is the world’s sixth largest pharma market, serving a patient population of over 207 million. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). The existing pharmaceutical medicine market in Brazil represents a strategically important geography for MGC Pharma as Brazil has a population of over 210m people 1. Moreover, in 1990, the Brazilian government also installed their free Universal health system (SUS) for the Brazilian population. 30 North Colonnade, London E14 5GN, UK. Access to the latest healthcare innovations will remain limited. Six of the top ten companies in the Brazilian pharma market are domestic. Ways Brazilian Pharmaceutical Market 2014-2024 helps you. A peculiarity of the domestic pharmaceutical market is the relatively low price of medicines in comparison to other large markets in the Americas. The pharmaceutical market in Brazil, the second largest among the seven pharmerging markets (which also include China, India, Russia, Turkey, Mexico and South Korea), is expected to grow by 7 to 10 per cent annually between 2008 and 2013, according to IMS Read our latest articles on the coronavirus and its impact on global markets. Latin America: generic drugs market value 2019-2024 Copyright © 2020 Fitch Solutions Group Limited. Ways Brazilian Pharmaceutical Market Outlook 2015-2025 helps your work In these five main ways, our investigation gives knowledge to help your research, analyses and decisions: • Brazil’s overall pharma revenues from 2015 – discover the top developing country’s prospects for … Rajesh Chhabara reports. Access new updated reports and statistics for the Pharmaceutical Industry in Brazil. In terms of revenue it is the seventh largest market in the world and the largest in Latin America. Brazil is South America's most influential country an economic giant and one of the world's biggest democracies. To succeed in Brazil, find the right partner, the right product mix, and the right pricing. Since the introduction of generic drugs in 2001, Brazil’s pharmaceutical industry has undergone a transformation. The first three quarters of 2014 are in the books and it is clear that pharma’s high-growth velocity in emerging markets has slowed considerably, especially in Brazil. Brazil is one of the most attractive and promising pharmaceutical markets in the world, with all major… To continue reading The Pharma Letter please login , subscribe or claim a 7 day free trial subscription and access exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space. New in the world of market studies, Businesscoot offers concise and up to date studiesthanks to a network of freelance analysts and an efficient publishing process. Annual per capita spending on pharmaceuticals was BRL569.2 (USD107.4) in 2019 and is forecast to decline to BRL435.5 (USD82.1) in 2020. According to a study made by the IMS Health Consulting Institute, Generics currently represent 20,6% of the Brazilian pharmaceutical industry sales. This was the result of the Generics Law which came into effect in 1999 [27] (Table 7.1). By 2022, Brazilian Pharma market is expected to touch $ 31 bn. By 2022, Brazilian Pharma market is expected to touch $ 31 bn. In 2018, the pharmaceutical industry in Brazil reached a revenue of 76.2 billion Brazilian reals, up from nearly 69.5 billion reals in the previous year. The National Healthcare Expenditure in Brazil is estimated at A$267b 1 with total pharmaceuticals expenditure estimated at A$24 billion 1 per annum. Pharmaceutical market: worldwide revenue 2001-2019. Growing Ageing Population: In future, it is anticipated that elderly citizens’ population will increase at a CAGR of 4.5% during the period 2018-2025, which will be capturing a larger proportionate share over the years in Brazil.Changing demographics is a key driver of the Brazilian pharmaceutical market Brazilian pharmaceutical market The Brazilian pharmaceutical market is one of the worldwide leaders in terms of total expenditures [10, 11], which is a consequence of the size of the country, characteristics of the market, and pharmaceutical policies. The market is mostly dominated … Visiongain forecasts this market to increase at a CAGR of 7.6% in the first half of the forecast period. The generic drug segment was the main driver behind the decade- long growth of pharma industry in Brazil. It has been forwarded to the relevant department and will be dealt with as soon as possible. Ranked as the world’s 10th largest in 2011, it moved up to eighth place in 2016 and is forecasted to claim the fifth spot by 2021 according to IMS Health Institute. Our Brazil Pharmaceutical Market Research prevails as a foundation of broad superfluity of the information linked with the manufacturing of pharmaceuticals, marketing activities and distribution. Latin America Pharmaceutical Excipients Market Size (2020 to 2025) As per our analysis, the Pharmaceutical Excipients Market size in Latin America was worth USD 0.81 billion in 2020 and estimated to be growing at a CAGR of 6.52% to reach USD 1.09 billion by 2025. The Brazilian pharmaceutical market is set to grow from $25.3 billion in 2016 to $29.9 billion in 2021, representing a compound annual growth rate of 3.5%, according to GlobalData, a recognized leader in providing business information and analytics. Twenty percent of that is made up of generic drugs, which cost on average 35% less than reference drugs (Progenericos). Brazil is among the countries with the largest pharmaceutical market, moving from tenth to sixth place from 2008 to 2013 [28]. The number proves that generic businesses in Brazil still have a lot to expand, as in Europe and in the US generics sales have a 35% to 60% participation. - The Brazilian pharmaceutical market is one of the top emerging markets globally. It is the largest pharmaceutical market in Latin America and the fifth largest globally. The Indian pharmaceutical industry got a major boost with the signing of the General Agreement on Tariffs and Trade in … - The Brazilian pharmaceuticals market had total revenues of $29,550.0m in 2019, representing a compound annual growth rate (CAGR) of 6.6% between 2015 and 2019. © Fitch Solutions Group Limited All rights reserved. The Brazilian pharmaceutical market is one of the top emerging markets globally. Due to all these advantageous factors, India is recognized as one of the leading players in pharmaceuticals in the global market. Brazil’s pharmaceutical market is characterised by patented drugs imported from the US, Germany, Italy and India. Within the public sector, the most commonly prescribed drugs are for the treatment of chronic diseases. It is the largest pharmaceutical market in Latin America and the fifth largest globally. Due to all these advantageous factors, India is recognized as one of the leading players in pharmaceuticals in the global market. Brazil was among the leading pharmaceutical markets worldwide in 2018, with a market share of nearly three percent. In the coming years, Brazil will remain an attractive destination for foreign investment (including spending by pharmaceutical companies), though we note the potential for reduced capital inflows due to global economic recession, spearheaded by Covid-19. Scope. Your download link will be emailed to you shortly. 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